logo
OIC holds the 47th session of the Islamic Commission for Economic, Cultural, and Social Affairs

OIC holds the 47th session of the Islamic Commission for Economic, Cultural, and Social Affairs

Zawya15-04-2025

The Organization of Islamic Cooperation (OIC) is holding the 47th Session of the Islamic Commission for Economic, Cultural, and Social Affairs at the OIC Headquarters in Jeddah, Kingdom of Saudi Arabia. The meeting which started on Tuesday, April 15, 2025, will end on 17th April 2025.
At the Opening Session, H.E. the Secretary-General of the OIC, Mr. Hissein Brahim Taha delivered a speech noting that the success of the OIC activities for the next year will rely on the guidance and support of this meeting. He added that since the last 50th Session of CFM held in Yaoundé, Republic of Cameroon, on 29th-30th August 2024, the OIC, has continued to accord priority attention to the execution of its resolutions in such domains as economic, science and technology, cultural, social and family affairs, youth and sports.
In the area of economic cooperation, the Secretary-General expressed his pleasure to report that the intra-OIC trade share in the overall foreign trade of Member States increased from 19.16% in 2023 to 20.36% in 2024 adding that 30 OIC Member States have now attained the target of 25% intra-OIC trade. He stressed that the cooperation among OIC Member States efforts in the domain of agriculture and food security have received an adequate boost through the development of the Draft Strategic Plan for Food Security in the OIC Member States aimed at contributing more effectively to increasing agricultural productivity, rural development and food security in OIC countries, as well as, enhancing intra-OIC cooperation in this domain.
Mr. Hissein Taha confirmed the importance of the advancement of science and technology, higher education, health, environment, and water resources across OIC Member States. To this end, he highlighted that the OIC General Secretariat, in collaboration with COMSTECH, is developing the OIC Artificial Intelligence Vision, which will provide a strategic framework for Member States in formulating national AI policies.
In the field of health, the Secretary-General pointed out that the OIC General Secretariat has been actively pursuing various initiatives aimed at preventing and combating diseases, with a particular focus on cancer, polio, and the promotion of self-reliance in vaccine production.
Mr. Hissein Taha assured that the General Secretariat has continued to strive towards the realization of the Visions and Mission of the OIC and its leaders with regard to the fields of culture, social and family affairs, youth, and sports.
In the cultural domain, the OIC Secretary General mentioned that the General Secretariat is working closely with OIC Member States and institutions to organize joint cultural events, and follow up on the implementation of the Resolution relating to the establishment of the Platform for the Protection and Preservation of Cultural Heritage in the Muslim World, in coordination with the concerned institutions.
With regard to intra-OIC cooperation in the social domain, the Secretary-General expressed his pleasure to report that the General Secretariat continues its efforts to follow up on the implementation of the recommendations, including the Jeddah Document on Women's Rights in Islam, emanating from the International Conference on Women in Islam held in Jeddah, Saudi Arabia, in November 2023.
During the 3-days Session of the Islamic Commission, the representatives of the OIC Member States will review the draft resolutions in the fields of economic, science and technology, cultural, social and family affairs, youth and sports, received from the Member States, the outcome of which will be submitted to the 51st Council of Foreign Ministers (CFM), to be held in Istanbul, Republic of Türkiye, in June 2025, for final approval.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Adesina Urges Successor to Champion Africa's Financial Autonomy
Adesina Urges Successor to Champion Africa's Financial Autonomy

Arabian Post

time5 days ago

  • Arabian Post

Adesina Urges Successor to Champion Africa's Financial Autonomy

Dr Akinwumi Adesina, nearing the conclusion of his decade-long presidency at the African Development Bank , has called upon his successor to prioritise Africa's financial sovereignty and ensure the continent's interests are robustly defended on the global stage. This appeal comes as the AfDB prepares to elect a new leader during its annual meeting in Abidjan, Côte d'Ivoire, on 29 May. The incoming president will assume office amid significant challenges, notably the proposed $555 million reduction in funding from the United States to the AfDB and its concessional arm, the African Development Fund . This funding shortfall presents a critical test for the new leader, who must navigate the financial gap by potentially persuading the U.S. to restore its support, soliciting contributions from other nations such as China, Saudi Arabia, or the UAE, or increasing funding from African member states. Five candidates are vying for the presidency: Swazi Tshabalala of South Africa, Amadou Hott of Senegal, Samuel Munzele Maimbo of Zambia, Sidi Ould Tah of Mauritania, and Abbas Mahamat Tolli of Chad. Each brings a distinct vision for the bank's future. Tshabalala emphasises internal restructuring to enhance focus on infrastructure and innovation in financial instruments. Hott advocates for African financial self-reliance by improving revenue mobilisation and facilitating private-sector investments. Maimbo focuses on intra-African trade, regulatory streamlining, and a unified development approach across the continent. Ould Tah prioritises economic sovereignty, capital mobilisation, formalising Africa's informal sector, and building climate-resilient infrastructure. Tolli proposes enhanced governance, risk pooling, and digital finance mechanisms to curb resource mismanagement and promote self-sufficiency. ADVERTISEMENT Adesina's tenure has been marked by significant achievements, including increasing the bank's capital base from $93 billion to $318 billion and implementing initiatives that have impacted over 515 million lives across Africa. Under his leadership, the AfDB has invested over $55 billion in infrastructure, making it the largest multilateral financier of African infrastructure. The bank has also prioritised healthcare, committing $3 billion in quality healthcare infrastructure and another $3 billion for pharmaceutical development, including establishing the Africa Pharmaceutical Technology Foundation. As he prepares to step down, Adesina has urged his successor to continue advocating for Africa's interests, particularly in the face of global financial shifts and challenges. He emphasised the importance of including Africa's natural capital—oil, gas, minerals, biodiversity, carbon—into GDP calculations to enhance borrowing power and stressed the need for financial independence amid reduced Western aid. Adesina also highlighted the exploitation of African forests for cheap carbon credits, advocating for fair valuation of Africa's carbon sequestration resources.

AfDB Annual Summit Opens in Abidjan Amid Leadership Transition and Capital Mobilisation Drive
AfDB Annual Summit Opens in Abidjan Amid Leadership Transition and Capital Mobilisation Drive

Arabian Post

time6 days ago

  • Arabian Post

AfDB Annual Summit Opens in Abidjan Amid Leadership Transition and Capital Mobilisation Drive

Over 6,000 delegates from 81 countries convened in Abidjan on Monday as the African Development Bank commenced its 2025 Annual Meetings, focusing on strategies to harness Africa's capital for sustainable development. The five-day event, held at the Sofitel Abidjan Hotel Ivoire, is set to culminate in the election of a new president to succeed Dr. Akinwumi Adesina, whose decade-long tenure concludes in September. The summit's theme, 'Making Africa's Capital Work Better for Africa's Development,' underscores the continent's pursuit of self-reliance amid global economic challenges, including proposed $555 million funding cuts from the United States. This financial shortfall has intensified discussions on mobilising domestic resources and fostering partnerships with non-traditional donors such as China, Saudi Arabia, and the United Arab Emirates. Five candidates are vying for the presidency, each bringing distinct visions to steer the AfDB through this pivotal period. Swazi Tshabalala, the sole female contender and former senior vice president of the AfDB, advocates for internal restructuring to enhance infrastructure focus and innovation in financial instruments. Amadou Hott, Senegal's ex-economy minister, emphasises African financial self-reliance by improving revenue mobilisation and facilitating private-sector investments. Samuel Munzele Maimbo, a Zambian and current World Bank vice president, proposes enhancing intra-African trade and regulatory streamlining. Sidi Ould Tah of Mauritania focuses on economic sovereignty, capital mobilisation, and building climate-resilient infrastructure. Abbas Mahamat Tolli, with extensive financial experience across Central Africa, aims to strengthen governance and promote digital finance mechanisms. ADVERTISEMENT The election process requires a double majority: over 50% of votes from the 54 African member states and a similar majority from the broader 81-member group, including non-African stakeholders. The outcome, expected on Thursday, will determine the bank's leadership amid pressing financial and developmental challenges. A key highlight of the meetings is the launch of the African Economic Outlook 2025 report, which analyses the continent's economic performance and outlines strategies for effective capital mobilisation. The report addresses issues such as low tax-to-GDP ratios, inefficient public expenditure, and the need for institutional reforms to improve governance and reduce illicit financial flows. The summit also features thematic discussions on building effective institutions, leveraging digital transformation, and enhancing governance to foster inclusive and resilient economies. These discussions aim to align with the Sustainable Development Goals, the Paris Climate Agreement, and the African Union's Agenda 2063. Energy access remains a focal point, with the AfDB highlighting its achievements in connecting over 25 million people to electricity over the past decade. The bank's 'Light up and Power Africa' initiative and the recent 'Mission 300' collaboration with the World Bank aim to provide electricity to 300 million Africans by 2030, emphasising renewable energy investments and public-private partnerships. The meetings occur against a backdrop of global economic shifts, including increased U.S. import tariffs and reduced bilateral support to African countries. These developments have prompted African leaders to advocate for greater self-reliance and the establishment of mechanisms like the African Financial Stability Mechanism , designed to prevent potential debt crises by borrowing on international capital markets with its own credit rating.

Leadership Transition at AfDB Amidst Funding Challenges
Leadership Transition at AfDB Amidst Funding Challenges

Arabian Post

time6 days ago

  • Arabian Post

Leadership Transition at AfDB Amidst Funding Challenges

The African Development Bank is convening in Abidjan, Côte d'Ivoire, this week to elect a new president, as the institution confronts significant financial pressures following proposed reductions in U.S. contributions. The U.S. government's plan to decrease its support to the AfDB and its African Development Fund by $555 million presents a substantial challenge for the incoming president. The successor to President Akinwumi Adesina, who concludes his tenure in September after serving two terms, will need to navigate this financial shortfall. Options include engaging with the U.S. to reconsider its funding decisions, seeking increased contributions from other nations such as China, Saudi Arabia, or the United Arab Emirates, or bolstering financial support from African member states. Five candidates are vying for the presidency: Swazi Tshabalala from South Africa, Amadou Hott from Senegal, Samuel Munzele Maimbo from Zambia, Sidi Ould Tah from Mauritania, and Abbas Mahamat Tolli from Chad. Each brings distinct perspectives and strategies to address the bank's current challenges. ADVERTISEMENT Swazi Tshabalala, the only female candidate and former senior vice president of the AfDB, emphasizes internal restructuring to enhance the bank's focus on infrastructure and innovative financial instruments. Amadou Hott, Senegal's former economy minister, advocates for African financial self-reliance by improving revenue mobilization and facilitating private-sector investments. Samuel Munzele Maimbo, a World Bank vice president from Zambia, supports intra-African trade, regulatory streamlining, and a unified development approach across the continent. Sidi Ould Tah of Mauritania, with extensive experience in development banking, focuses on economic sovereignty, capital mobilization, formalizing Africa's informal sector, and building climate-resilient infrastructure. Abbas Mahamat Tolli, with a rich financial background across Central Africa, proposes enhanced governance, risk pooling, and digital finance mechanisms to curb resource mismanagement and promote self-sufficiency. The election process involves votes from the AfDB's 54 African member states and its broader 81-member group, which includes non-African stakeholders. The outcome will significantly influence the bank's direction amid shifting global economic dynamics. The proposed U.S. funding cuts are part of a broader reevaluation of foreign aid under the current administration. Executive Order 14169, signed on January 20, 2025, initiated a 90-day pause on all U.S. foreign development assistance programs to conduct a comprehensive review. While some humanitarian programs have been exempted, the overall reduction in aid has raised concerns about the impact on development initiatives across Africa. In response to these challenges, African leaders and institutions are emphasizing the need for increased self-reliance and investment in regional development mechanisms. The African Trade Insurance Agency has called for greater investment in African development institutions to reduce dependence on unpredictable donor funding. Similarly, the Africa Centres for Disease Control and Prevention has launched the African Epidemic Fund to provide flexible funding for disease outbreak responses, highlighting a shift towards internally driven solutions.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store