OIC, Islamic Development Bank sign charter of Humanitarian Trust Fund

[ghazi52]

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OIC, Islamic Development Bank sign charter of Humanitarian Trust Fund for Afghanistan.....​

• Fund's creation mandated by the 17th Extraordinary Session of the OIC Council of Foreign Ministers....

APP
21 Mar, 2022....

The Organisation of Islamic Cooperation (OIC) and Islamic Development Bank (IsDB) on Monday signed the Charter of Humanitarian Trust Fund for Afghanistan in Islamabad to raise donations for the people of the country suffering a humanitarian crisis.

Foreign Minister Shah Mahmood Qureshi, Foreign Secretary Sohail Mahmood, and other diplomats witnessed the signing ceremony.

The creation of the fund was mandated by the 17th Extraordinary Session of the OIC Council of Foreign Ministers held in Islamabad on December 19, 2021, reported Radio Pakistan.

Speaking on the occasion, Qureshi said the situation in Afghanistan warrants urgent action, and the OIC Member States, the Islamic Financial Institutions, donors, and other international partners should make donations to the fund.

He said the humanitarian assistance to the Afghan People would constitute an important facet of Pakistan's Chairmanship of the OIC Council of Foreign Ministers.

Qureshi felicitated the President, Islamic Development Bank, and his team for launching the Trust Fund within the stipulated timeframe of three months.

He also acknowledged the efforts being made by the OIC Secretary-General and his Special Envoy for Afghanistan for galvanising international humanitarian assistance for the Afghan people.

Speaking on the occasion, the OIC Secretary-General said the fund aims to support the Afghan people.

He urged international and regional donors, groups, and individuals to support the fund.

On his part, the President Islamic Development Bank said the fund will focus on a comprehensive approach for economic self-reliance and stability of the Afghan people by revamping the agriculture sector, promoting small and medium enterprises and creating an inclusive environment for women and youth.

The establishment of the fund was one of the key outcomes of the 17th Extraordinary Session of the OIC Council of Foreign Ministers, held in Islamabad on 19 December last year.

It is worth mentioning that in addition to its continued, multi-faceted economic and developmental assistance, Pakistan has already announced an assistance package of five billion rupees for Afghanistan....

OIC, Islamic Development Bank sign charter of Humanitarian Trust Fund for Afghanistan

* Fund's creation mandated by the 17th Extraordinary Session of the OIC Council of Foreign Ministers

www.brecorder.com

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[FuturePAF]

With the global food crisis due to the war in Ukraine, I hope they focus on bringing back agriculture not just in Afghanistan but across the world. This is an all hands on deck emergency and bringing as much arable land into food production over the production of cash crops to produce textiles is the need for at least this year.

 

[CrazyZ]

OIC needs a currency union.

 

[FuturePAF]

OIC needs a currency union.

Currency would imply political cooperation which seems limited. Better to build up the industries in each country, similar to how a Germany was pre-Bismarck and pre-unity, so that if the right conditions come for unity, it will be smoother and more natural, rather then something forced like the United Arab republic between Egypt and Syria decades ago.

Hundreds of regions and cities with good governance makes for a more resilient economic Union, similar to the EU or the US.

 

[AZADPAKISTAN2009]

Seems like a good initiative this is badly needed with commitment from all countries to put in funds yearly

Pakistan could also act as one of the Hubs for Foreign Reserves for Islamic Countries

Since we are a nuclear nation the funds will be protected well

Other Options of course
> Malaysia
>Saudi Arabia
> Egypt
> Turkey

 

[CrazyZ]

Currency would imply political cooperation which seems limited. Better to build up the industries in each country, similar to how a Germany was pre-Bismarck and pre-unity, so that if the right conditions come for unity, it will be smoother and more natural, rather then something forced like the United Arab republic between Egypt and Syria decades ago.

Hundreds of regions and cities with good governance makes for a more resilient economic Union, similar to the EU or the US.

Personally I would model it more the IMF then the EU and USA. Each member would have an independent monetary policy.

 

[FuturePAF]

Personally I would model it more the IMF then the EU and USA. Each member would have an independent monetary policy.

Either way, each locality needs to be as competitive and well governed as possible, so that any future collaboration is synergistic and resilient to external economic pressures. Ideally, enough trading within the “bloc” should allow to maintain a decent standard of living for all and room for growth.

 

[Indos]

With the global food crisis due to the war in Ukraine, I hope they focus on bringing back agriculture not just in Afghanistan but across the world. This is an all hands on deck emergency and bringing as much arable land into food production over the production of cash crops to produce textiles is the need for at least this year.

Not only that, it is vital to block any Western countries attempt to sanction Russia and Belarussia further, Indonesia as a host of Inter Parliamentary Union meeting in Bali has block Western European nations to sanction Russia further.

As G20 leader for the year 2022, Indonesia will also try to block such effort within G20 members and hopefully there will be help from other countries such as China, India, Turkey, Saudi to avoid further sanction on Russia during G 20 meetings along 2022 where the peak will be in November this year. Next year, India will hold the leadership and this is good to prevent further sanction in the following year, we need to avoid that to happen in order not to bring energy and commodity prices soar too high

 

[Indos]

Not only that, it is vital to block any Western countries attempt to sanction Russia and Belarussia further, Indonesia as a host of Inter Parliamentary Union meeting in Bali has block Western European nations to sanction Russia further.

As G20 leader for the year 2022, Indonesia will also try to block such effort within G20 members and hopefully there will be help from other countries such as China, India, Turkey, Saudi to avoid further sanction on Russia during G 20 meetings along 2022 where the peak will be in November this year. Next year, India will hold the leadership and this is good to prevent further sanction in the following year, we need to avoid that to happen in order not to bring energy and commodity prices soar too high

It has become a serious attempt

Russia's G20 membership under fire from US, Western allies

The likelihood that any bid to exclude Russia outright would be vetoed by others in the club - which includes China, India, Saudi Arabia and others - raised the prospect of some countries instead skipping G20 meetings this year, the sources said.

www.thejakartapost.com

 

[FuturePAF]

Not only that, it is vital to block any Western countries attempt to sanction Russia and Belarussia further, Indonesia as a host of Inter Parliamentary Union meeting in Bali has block Western European nations to sanction Russia further.

As G20 leader for the year 2022, Indonesia will also try to block such effort within G20 members and hopefully there will be help from other countries such as China, India, Turkey, Saudi to avoid further sanction on Russia during G 20 meetings along 2022 where the peak will be in November this year. Next year, India will hold the leadership and this is good to prevent further sanction in the following year, we need to avoid that to happen in order not to bring energy and commodity prices soar too high

At this point, I agree, further sanctions could undermine exports of vital food products to large portions of the global economy, and should therefore be opposed.

 

[White privilege]

Good, we should raise money to ease the sufferings of common Afghans but we must be upfront that any such help would require Taliban get their act together against TTP and BLA.