Rahmon calls on developed Islamic countries to help developing Islamic countries

02/08/2016 11:41
Views: 5643

DUSHANBE, August 2, 2016, Asia-Plus – Tajik President Emomali Rahmon today delivered a statement at the 12th World Islamic Economic Forum (WIEF) in Jakarta, Indonesia.  

Rahmon, in particular, noted that Tajikistan considered the World Islamic Economic Forum as an important platform to discuss various aspects of the development process and other topical socio-economic issues of the contemporary world.

“Today’s world is changing rapidly. The new global challenges and increasing political and socio-economic factors have jeopardized sustainability of the markets in all parts of the world and declined the economic growth rate.

“The trends of price fluctuation in the global markets, climate change, natural and mankind disasters, prevalence of various transmissible diseases have been increasing and directly impacting on further development of countries.  It is obvious that constructive processes can be ensured only in a sustainable and secure environment.

“Unfortunately, today the world is full of unprecedented wave of terrorism, extremism and ethnic and religious conflicts.  These factors seriously diminished political stability of the world’s various regions and caused social conflicts and long term negative economic implications.”

Tajik leader noted that millions of people have forcefully become migrants and refugees to seek peaceful life and stability.  “This sensitive circumstance urges us to consistently seek for new influential initiatives and ways to revive proper stability and thereby ensure socio-economic development of our countries, Rahmon said.

“It is our common task to find and implement new framework and mechanisms of effective cooperation meeting the interests and desire of our peoples. In this regard, the issues included in the agenda of the 12th Forum subtitled “Decentralizing Growth, Empowering Future Business” are of key importance for the majority of countries in the Islamic world.”

According to him, the Government of Tajikistan identified the business development as one of priority areas in its economic policy. 

The Government of Tajikistan established Business Support Fund funded by the public budget and annually encourages entrepreneurs to benefit from its resources.

“We ensured environment for fair competition in the country, and both domestic and foreign legal and individual entities are treated equally in terms of their legal protection.

“In this context, Tajikistan makes constant efforts to strengthen its trade and economic ties with all friendly countries and development partners, as well as regional and international organizations and entities.

“Within these efforts, we established a close cooperation with the Islamic Development Bank, Islamic Cooperation for the Development of the Private Sector, Islamic Trade Finance Cooperation and the Bank’s Special Assistance Program.” 

Tajik president noted that it was high time to review and revise the mechanisms and rules of cooperation between the Islamic financial institutions and foundations and developing countries.  The time-being reportedly requires simplifying the procedures of banks and foundations by taking into account the need for expansion of opportunities to allocate grant resources and decrease the interest rates of loans provided.

He also said that there was different level of development of Islamic countries and it was necessary to seriously think on that issue.

“In our opinion, with a view to ensuring resilience of developing Islamic countries, particularly landlocked countries to global crisis and other challenges of the contemporary time-being, it is necessary to establish a specialized Islamic bank or foundation for financial support of these countries.”

Rahmon noted that developed Islamic countries with longstanding experience and vast financial and investment opportunities could play a decisive role in the process of uneven development elimination. 

Another topical issue, which is the concern of the majority of Islamic countries, is the poverty and unemployment rate reduction, he said.

“In this regard, Tajikistan effectively implemented its Living Standards Improvement Strategy and as a result, we reduced the poverty to 30% at the end of 2015. We achieved these indicators in the situation when the poverty rate was 80% before the start of implementation of this Strategy.

“Currently, we adopted our National Development Strategy (to 2030) and Mid-term Development Program (2016-2020) and started implementing them.” 

Tajikistan is for close partnership with all countries of the world, including the Islamic one and is keen for wide and real cooperation with them in all areas, Rahmon said.

Some 2,500 delegates and 60 role players from over 100 countries across the globe are reportedly attending the 12th WIEF.

The 12th WIEF in Jakarta looks into the theme of decentralization of growth, namely in acknowledging the urgent role of small and medium businesses in driving economic growth in national economies around the world, away from the previous dominance of big multinationals, which represent only a small portion of the business community of any particular country.


News no