REPORT & RESOLUTIONS  ON THE ECONOMIC AND FINANCIAL AFFAIRS

TO THE SIXTH ISLAMIC SUMMIT CONFERENCE

(SESSION OF AL-QUDS AL-SHARIF, CONCORD AND UNITY)

HELD IN DAKAR, REPUBLIC OF SENEGAL

 

   

REPORT OF THE ECONOMIC AND FINANCIAL AFFAIRS COMMITTEE OF THE SIXTH ISLAMIC SUMMIT CONFERENCE  

RESOLUTION NO. 1/6-E(IS)

ON THE STANDING COMMITTEE FOR SCIENTIFIC AND TECHNOLOGICAL COOPERATION (COMSTECH).  

RESOLUTION No. 2/6-E (IS)

ON THE ACTIVITIES OF THE STANDING COMMITTEE FOR ECONOMIC AND COMMERCIAL COOPERATION (COMCEC)  

RESOLUTION NO. 3/6-E(IS)

ON THE STATUS OF ECONOMIC COOPERATION AND ECONOMIC INTEGRATION POLICY IN THE ISLAMIC WORLD IN THE CONTEXT OF THE WORLD ECONOMIC SITUATION

RESOLUTION NO. 4/6-E (IS)

ON THE EXTERNAL DEBT OF THE OIC MEMBER COUNTRIES

RESOLUTION No. 5/6-E(IS)

ON THE ECONOMIC PROBLEMS OF THE LEAST DEVELOPED AND LANDLOCKED COUNTRIES

RESOLUTION NO. 6/6-E (IS)

ON SUPPORT TO THE ISLAMIC DEVELOPMENT BANK

RESOLUTION No. 7/6-E (IS)

ON ASSISTANCE TO MEMBER STATES AFFLICTED BY DROUGHT AND NATURAL DISASTERS

RESOLUTION No. 8/6-E(IS)

ON ECONOMIC PROBLEMS OF THE PALESTINIAN PEOPLE IN THE OCCUPIED PALESTINIAN TERRITORIES AND THE SYRIAN PEOPLE IN THE OCCUPIED SYRIAN GOLAN AND THE ARAB PEOPLE IN THE OTHER OCCUPIED ARAB TERRITORIES  

RESOLUTION NO. 9/6-E(IS)

ON THE SYMPOSIUM ON FOOD SECURITY IN AFRICA (HELD IN CONJUNCTION WITH THE SIXTH ISLAMIC SUMMIT)

RESOLUTION NO. 10/6-E(IS)

ON ENVIRONMENT AND DEVELOPMENT IN THE ISLAMIC WORLD  

 

 

 

REPORT OF THE ECONOMIC AND FINANCIAL AFFAIRS COMMITTEE OF THE SIXTH ISLAMIC SUMMIT CONFERENCE

   

The Economic Affairs Committee of the Sixth Islamic Summit Conference (Session of AL-Quds Al-Sharif, Concord and Unity), held its working sessions from 5 to 7 December, 1991 to consider Agenda Items 22 and 23  allocated to the Committee by the Conference and to prepare draft resolutions to be submitted to the Conference for adoption. The Committee also considered the following items proposed by Member States:

 

-Establishment of Standing Committee for Agricultural Expansion (Islamic Republic of Iran).

 

-Solidarity with the countries and peoples of the Inter-governmental Authority for Development and Drought Control (IGAAD) (Republic of Sudan and Republic of Somalia).

 

-Economic problems of the Palestinian people in the occupied Palestinian territories (Palestine).

 

-Solidarity with Bangladesh for the damages caused by cyclone (Bangladesh).

 

2. The Member States attending the Preparatory Meeting of the Sixth Islamic Summit  participated in the working sessions of the Committee.

 

3. Representatives of the General Secretariat and the subsidiary organs, specialized and affiliated institutions  of the Organization of the Islamic Conference attended the work of the Committee.

 

4. The Bureau of the Committee consisted of the representatives of the following countries namely:

 

Chairman     :  Republic of Senegal

Vice Chairman  :  Republic of Indonesia

Vice Chairman  :  Arab Republic of Syria

Vice Chairman  :  State of Palestine

Rapporteur     :  State of Kuwait

 

The working sessions for the Committee were chaired by H.E. Famara Ibrahima Sagna, Minister of Economy, Finance and Planning and the Head of Delegation of the Republic of Senegal to the Economic and Financial Affairs Committee.

 

5. H.E. Mr. Famara Sagna, wishing the delegates all the success in their deliberations, explained the method and programme of work of the Committee which was unanimously adopted.

 

6. H.E. Ousman N.R.OTHMAN, Assistant Secretary General of OIC, made a brief statement expressing his confidence that the Chairman's experience and leadership qualities would greatly contribute to the success of the deliberations of the Committee.  He expressed his profound gratitude and thanks for the traditional warm welcome and generous hospitality offered by the Government and brotherly people of the Republic of Senegal.  He concluded his statement by expressing his wish for the full success of the meeting of the Committee which would further contribute to the solidarity within the Islamic Ummah.

 

7. The Committee deliberated on its Agenda and made the agreed amendments on the related draft resolutions.  The deliberations of the Committee on each item were preceded by presentations by the OIC General Secretariat as well as by the Member countries,  on the background of the subject concerned.

 

8. The Committee, regarding the formulation of new strategies for the OIC Plan of Action, agreed on the importance of the subject and referred it to a special sub-committee, which drafted a resolution on review of the Status of Economic Cooperation and Economic Integration Policy in the Islamic World in the context of the World Economic Situation.

 

9. The Committee noted the need for strong economic cooperation and solidarity among the Member States which will contribute to the development and welfare of the Member States and to promote economic integration among them.

 

10. The Committee made the following observations with regard to some of the items proposed by Member States:

 

a)Regarding solidarity with the countries and peoples of the Inter-governmental Authority for Development and Drought Control (IGAAD), the Committee was of the opinion that the campaign against drought and desertification was a matter of concern for many Member States, particularly those of IGAAD and CILSS, and invited OIC Member States and institutions to increase their cooperation with these organizations.

 

b)In relation to the proposal made by the Islamic Republic of Iran regarding the establishment of a Standing Committee on Agriculture, the Conference, while appreciating the keen interest shown by Iran in the improvement of the food situation and in the promotion of agricultural development in member countries decided that this issue be considered in depth at the forthcoming Fourth Ministerial Confertence on Food Security and Agricultural Development to be hosted by the Islamic Republic of Iran.  The Conference also decided that the decision to be reached on the subject at the Fourth Ministerial Conference be submitted to the COMCEC for consideration within the framework of the formulation of the strategies for the Plan of Action and for submission to the Seventh Islamic Summit Conference for final decision.

 

11. The Committee after extensive deliberations approved the annexed Draft Resolutions on the Items of its Agenda and agreed on their submission, by H.E. Mr. Famara Sagna, Chairman of the Committee, for consideration  and adoption.

 

12. The Committee lauded the Chairman for the efficient manner in which he presided over the sessions and for his wisdom in guiding its deliberations.  It also thanked the Vice Chairmen and Rapporteur for their positive contributions to the work of the Committee.

 

13. The Committee also expressed its deep appreciation to the General Secretariat and all the subsidiary organs, affiliated and specialized institutions of OIC participating in the meeting for their constructive contributions.

 

14. At the conclusion of its work, the Committee expressed its deep gratitude and sincere thanks to the President, the Prime Minister and the people and Government of the Republic of Senegal for their keen interest and abiding commitment to the activities of OIC and for the excellent preparations made for the Conference.

 

15. The Committee adopted its Report, together with the annexed resolutions.


RESOLUTION NO. 1/6-E(IS)

ON THE STANDING COMMITTEE FOR SCIENTIFIC AND TECHNOLOGICAL COOPERATION (COMSTECH).

The Sixth Islamic Summit Conference (Session of Al-Quds Al-Sharif, Concord and Unity), held in Dakar, Republic of Senegal, from 3 to 5 Jumada II, 1412H (9-11 December 1991),

 

Recalling resolution 1/3-E(IS) of the Third Islamic Summit Conference, held in Makkah Al Mukarramah, Kingdom of Saudi Arabia in 1981, which adopted the Action Plan to Strengthen Economic Cooperation Among Member States;

 

Recalling resolution 13/3-P(IS) of the Third Islamic Summit Conference, establishing the Standing Committee for Scientific and Technological Cooperation;

 

Recalling resolution 1/4-E(IS) adopted by the Fourth Islamic Summit Conference, held in Casablanca, Kingdom of Morocco, in 1984, on the Action Plan to strengthen scientific and technological cooperation among Member States;

 

Appreciating the Secretary General's report on the implementation of the recommendations of the Plan of Action and on the progress achieved in this respect (Document No.IS/6-91/EC/D.1/Rev.2);

 

Noting with satisfaction the positive development of the activities of the Standing Committee for Scientific and Technological Cooperation (COMSTECH), under the Chairmanship of H.E. Mr. Ghulam Ishaq Khan, President of the Islamic Republic of Pakistan, in accordance with the decision adopted by the Fourth Islamic Summit Conference;

 

Noting with appreciation that five sessions of the Standing Committee for Scientific and Technological Cooperation have been held in Islamabad, Islamic Republic of Pakistan since 1984;

 

Taking note of the report presented to the Sixth Islamic Summit by H.E. Mr. Muhammad Nawaz Sharif, Prime Minister of the Islamic Republic of Pakistan, Co-Chairman of COMSTECH on the activities of the Standing Committee for Scientific and Technological Cooperation;

 

Further noting with concern the constraints which have impeded the implementation of the Action Plan in certain sectors, owing to financial difficulties and lack of data and information;

 

1. Expresses appreciation to H.E. President Ghulam Ishaq Khan and H.E. Prime Minister Muhammad Nawaz Sharif for the interest they have graciously taken in the development of COMSTECH activities.

 

2. Expresses appreciation also to the Government of the Islamic Republic of Pakistan for the support it has kindly extended to COMSTECH.

 

3. Calls on Member States to give COMSTECH all necessary assistance for ensuring quick implementation of the recommendations of the Action Plan, thereby making it possible to accelerate the development of science and technology in Member States.

 

 

RESOLUTION No. 2/6-E (IS)

ON THE ACTIVITIES OF THE STANDING COMMITTEE FOR ECONOMIC AND COMMERCIAL COOPERATION (COMCEC)

The Sixth Islamic Summit Conference (Session of Al-Quds Al-Sharif, Concord and Unity), held in Dakar, Republic of Senegal from 3 to 5 Jumada Al-Thani, 1412H (9-11 December 1991),

 

Recalling Resolution No. 1/3-E (IS) and No. 13/3-P (IS) of the Third Islamic Summit Conference on the Plan of Action to Strengthen Economic Cooperation among the Member States and on the establishment of the OIC Standing Committees, respectively;

 

Recalling Resolution No. 1/4-E (IS) of the Fourth Islamic Summit Conference assigning priority to six areas of the Plan of Action five of which come under the purview of the COMCEC, namely, Agricultural Development and Food Security, Industry, Trade, Transport and Communications and Energy;

 

Recalling Resolution No. 3/5-E (IS) and No. 1/5-E (IS) of the Fifth Islamic Summit Conference on the Implementation of the Plan of Action and of the Standing Committee for Economic and Commercial Cooperation (COMCEC) chaired by the President of the Republic of Turkey, respectively;

 

Also recalling the Resolutions of the Islamic Conferences of Foreign Ministers pertaining to the activities of the COMCEC for the implementation of the Plan of Action;

 

Noting with appreciation that in previous seven Sessions of the COMCEC, each held concurrently with a ministerial meeting in a specific area of economic cooperation, action has been initiated in the priority areas of the Plan of Action, in compliance with the time table set at the Fourth Islamic Summit, as well as in the areas of Technical Cooperation and Infrastructure and Public Works, and that effective action have been initiated to implement various projects pertaining to these areas;

 

Also noting with appreciation the efforts of the General Secretariat and its subsidiary organs and affiliated institutions working in the field of economy and trade in following up the implementation of decisions of the COMCEC pertaining to different areas of the Plan of Action;

 

Noting with satisfaction that the Framework Agreement for the Establishment of a Trade Preferential System Among the Member States of the OIC (TPSOIC) was adopted at the Sixth Session of the COMCEC, and opened by the General Secretariat to the signature and ratification of the Member States;

 

Also noting with satisfaction that the Articles of Agreement of the Islamic Corporation for the insurance of Investment and Export Credit which was drawn up and finalized by the Islamic Development Bank was adopted at the Seventh Session of the COMCEC and that the preparations for the activation of the Scheme are underway;

 

Taking cognizance of the new economic configurations emerging at the global level    particularly from the creation of a Single European Market as well as developments in Eastern Europe and the implications of these developments for the Member Countries;

 

Emphasizing the important role the private sector could play in strengthening, expanding and diversifying the economic cooperation among Member States.

 

Reaffirming the need to develop new strategies for the Plan of Action taking into consideration the structural changes that have taken place in the global economy and the developments in the economies of the member countries since 1981.

 

1. Requests the COMCEC to take the necessary steps, including convening expert group meetings and workshops to formulate new strategies for the Plan of Action to Strengthen Economic Cooperation Among Member States to be submitted by the Secretary General to the COMCEC for approval and appropriate action as early as possible.

 

2. Urges the Member States, who have not yet done so, to sign and/or ratify the statutes and agreements    previously approved by the OIC with respect to economic and commercial cooperation among the Member States.

 

3. Invites the Member States to take necessary measures to implement the decisions of the COMCEC and to join economic cooperation schemes established thereby.

 

 

RESOLUTION NO. 3/6-E(IS)

ON THE STATUS OF ECONOMIC COOPERATION AND ECONOMIC INTEGRATION POLICY IN THE ISLAMIC WORLD IN THE CONTEXT OF THE WORLD ECONOMIC SITUATION

The Sixth Islamic Summit Conference (Session of Al-Quds Al-Sharif, Concord and unity), held in Dakar, Republic of Senegal, from 3 to 5 Jumada Al-Thani, 1412H (9-11 December, 1991),

 

Recalling Resolution No.1/20-E of the Twentieth Islamic Conference of Foreign Ministers which expressed deep concern at the continuing and escalating international economic crisis in recent years and which has adversely affected the developing countries in general, and the least developed countries, in particular, causing disequilibrium in the structure of the world economy;

 

Taking note of the Report of the Secretary General on this subject (Document No.IS/6-91/EC/D.1/Rev.2);

 

1- Emphasizes that the efforts being undertaken by the developing countries to foster sustained economic growth, however important, cannot succeed in reactivating the desired growth and development without a favourable international economic environment.

 

2. Urges the Member States to continue to pursue their efforts for the implementation of the Plan of Action to Strengthen Economic Cooperation among Member States in a manner which would optimize the complementarity of their economies, and to actively contribute to the formulation of New Strategies for it under the auspices of the COMCEC.

 

3. Highlights the important role the private sector can play in strengthening the Joint Islamic Action and urges Member States to make favourable arrangements to strengthen contacts between firms, companies, banks and other economic institutions of Member States.

 

4. Requests the COMCEC to consider within the framework of its forthcoming reviews of the Strategies and of the Plan of Action on economic cooperation among Member States to study ways and means for the promotion of inter-regional cooperation and progressive economic integration leading to the setting up of an Islamic Common market taking due account of the existing regional integration groupings working in the same fields.

 

5. Requests the Secretary General to keep the Islamic Conference of Foreign Ministers informed on the progress on this matter.

 

6. Urges the Member States to actively contribute to the formulation of the New International Order with a view to achieving economic growth and sustainable development.

 

RESOLUTION NO. 4/6-E (IS)

ON THE EXTERNAL DEBT OF THE OIC MEMBER COUNTRIES

The Sixth Islamic Summit Conference (Session of Al-Quds Al-Sharif, Concord and Unity), held in Dakar, Republic of Senegal, from 3 to 5 Jumad Al-Thani 1412H (9-11 December 1991),

 

Recalling resolutions 18/19-E and 6/20-E of the Nineteenth and Twentieth Islamic Conferences of Ministers of Foreign Affairs on the External Debt of Africa;

 

Seriously concerned about the continuing and alarming progression in recent years of the external debt of the Member States as well as the high level of interest rates, the unstable exchange rate and the increase of the debt service ratio;

 

Stressing the fact that the debt service requirements have become so heavy a burden for the member countries that they necessitate the search for urgent solutions;

 

Recalling the initiative taken by His Highness the Emir of Kuwait, Chairman of the Fifth Islamic Summit at the Forty-third Session of the United Nations General Assembly with respect to the World debt crisis as well as the practical measures His Highness proposed for the realization of the said initiatives during the Ninth Non-Aligned Summit held in Belgrade in September 1989;

 

Noting with satisfaction the Secretary General's report on this subject (Document No.IS/6-91/D.2(i));

 

1. Calls upon the developed countries to take appropriate measures with a view to cancelling, reducing and/or converting the debt owed by the member countries;

 

2. Expresses its appreciation to donor Member countries and the Islamic Development Bank for their financial assistance in favour of Member States and in particular of the least developed among them.

 

3. Invites Member States which can do so, to continue to transfer capital through grants and loans, at concessionary terms to the member countries, and particularly to the least developed, landlocked and/or Sahelian countries and middle income countries.

 

4. Appeals to the International Community, especially the Member States to take positive initiatives for the alleviation of public debt owed particularly by the least developed, landlocked and/or Sahelian countries.

 

5. Also invites these States to consider among other alleviating measures the reconversion of the debts   notably through programmes in favour of the survival and development of children and women as well as the protection of natural environment.

 

 

RESOLUTION No. 5/6-E(IS)

ON THE ECONOMIC PROBLEMS OF THE LEAST DEVELOPED AND LANDLOCKED COUNTRIES

The Sixth Islamic Summit Conference (Session of Al-Quds Al-Sharif, Concord and Unity), held in Dakar, Republic of Senegal, from 3-5 Jumad Al-Thani, 1412H (9-11 December, 1991),

 

Recalling resolutions No. 3/20-E and 5/20-E adopted by the Twentieth Islamic Conference of Foreign Ministers on the Economic Problems of the Least Developed Member States;

 

Also recalling the New Plan of Action resolutions adopted by the Second United Nations Conference on the Least Developed Countries, held in Paris from 3-14 September, 1990;

 

Also recalling the Declaration of the Heads of State and Government of the Least Developed Countries adopted at the end of their meeting held in New York on 1 October, 1990;

 

Further recalling the need to completely and effectively implement the new UN Action Programme in favour of the Least Developed countries;

 

Taking note of the Report of the Secretary General on the subject (Document No. IS/6-91/EC/D.2 (iii));

 

1. Stresses the need for the Least Developed and landlocked countries to redouble their efforts to draw up and implement appropriate development plans in order to come out of their critical situation as soon as possible with the assistance of other member countries and of the international community.

 

2. Expresses appreciation at the technical, financial, food and other assistance provided by a number of Member States and the IDB to all the least developed and landlocked Member States and hopes that such assistance will be continued.

 

3. Stresses the need for the OIC to provide the necessary assistance to the least developed and landlocked Member States to enable them to finance the basic infrastructure projects indispensable to their development.

 

4. Appeals to donor countries and international development financing institutions to accord financial resources on concessionary terms to the least developed and landlocked countries to enable them to implement their national development programmes and reduce their debt burden.

 

 

RESOLUTION NO. 6/6-E (IS)

ON SUPPORT TO THE ISLAMIC DEVELOPMENT BANK

The Sixth Islamic Summit Conference (Session of Al-Quds Al-Sharif, Concord and Unity), held in Dakar, Republic of Senegal from 3-5 Jumad Al Thani 1412H (9-11 December 1991),

 

Recalling the Agreement establishing the Islamic Development Bank;

 

Recalling also Resolution No. 1/3-E of the Third Islamic Summit Conference held in Makkah Al-Mukarramah, Kingdom of Saudi Arabia in 1981 adopting the Plan of Action to strengthen economic and commercial cooperation among OIC Member States;

 

Referring to Resolution No. 6/3-E of the Third Islamic Summit Conference increasing the subscribed capital of the Bank;

 

Noting with satisfaction that the Islamic Development Bank continues to expand its operations and activities as regards project financing, import and export trade financing, technical assistance, technical cooperation, special assistance and other areas of cooperation such as food security;

 

Noting with appreciation that the Bank has been playing an active role in the implementation of both the recommendations of the Plan of Action adopted by the Third Islamic Summit and various decisions of the Standing Committee for Economic and Commercial Cooperation (COMCEC);

 

Also noting with satisfaction that as part of its efforts and commitments to meet the requirements of its member countries, the Bank has been developing new strategies and schemes, some of which have been launched under the auspices of COMCEC, for the promotion of Intra-Islamic trade;

 

Appreciating the Report of the Secretary General on this subject (Document No.IS/6-91/EC/D.2 (iv));

 

Referring to the report attached to this resolution;

 

1. Expresses high appreciation for the devotion and efficiency with which the President of the Bank and his collaborators are handling the smooth functioning of this institution which is making useful contribution towards the development and progress of the Muslim people;

 

2. Requests the Bank to continue its beneficial operations and to re-orient its actions so as to maximise the service it renders to the Member States and the Islamic Ummah at large.

 

3. Decides, to increase the authorised and subscribed capital of the Islamic Development Bank and directs the Board of Governors of the Bank to formulate and adopt an appropriate plan for a substantial increase in the authorized and subscribed capital of the Bank.

ANNEX TO RES. NO. 6/6-E(IS)

REPORT OF THE FOREIGN MINISTERS MEETING TO THE SIXTH ISLAMIC SUMMIT CONFERENCE ON SUPPORT TO THE ISLAMIC DEVELOPMENT BANK.

The Meeting of Foreign Ministers of Member States held in Dakar to prepare for the Sixth Summit Meeting reviewed a report submitted by the Secretary General of the OIC on the support to the Islamic Development Bank. This Memorandum summarizes the views expressed in the meeting with regard to this important issue.

 

The Islamic Development Bank, has played  a catalyst role in strengthening the developmental efforts of Member States. The achievements of the Bank have enabled it to occupy an important place among the International Financing institutions and constitute a source of great pride for Member States.

 

Ever since the IDB was established some 16 years ago, the Bank's authorized capital has remained unchanged at ID 2 billion. (1)

 

In its resolution No.6/3-E(IS), the Third Islamic Summit Conference held in 1401H (1981) in Makkah Al-Mukarramah/Taif decided to increase the prevailing subscribed capital upto the authorized capital, i.e. to ID 2 billion. In conformity with this decision of the Third Islamic Summit, the IDB Board of Governors adopted Resolution No.BG/6-401 which requested member countries to make an additional subscription, as decided by the Third Islamic Summit.

 

The Foreign Ministers Meeting reviewed comparative information related to the evolution of share capital as well as assistance provided by IDB and some similar international development finance institutions operating in the same region i.e. the African Development Bank and the Asian Development Bank.

 

In summary  it has been noticed that both authorized and subscribed capital of these two institutions as well as the volume of assistance provided to the respective member countries have substantially increased.

 

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(1) Equivalent to US$2,663.52 million on the basis of the conversion rate prevailing on 19 July 1991. (One Islamic Dinar or ID, which is a unit of account of the Bank = I SDR of the IMF).

 

In contrast the level of assistance given by the IDB to its member countries stagnated during the 1980s.

 

During this period the IDB has been making continuous efforts to solve its resource mobilisation problems and, to this end, established a number of schemes, e.g. the Islamic Bank's Portfolio and the IDB Unit Investment Fund. However, these schemes alone are not enough to bring the level of assistance, extended by IDB to its member countries, close to that provided by the other two institutions.

 

The analysis of the mechanisms being explored  and employed by the IDB, as well as the various scenarios projected at the Bank to increase the level of operations, clearly shows  that resources mobilized from these efforts would mainly be for different modes of financing by the Bank which are commercial in nature, of short and medium term.

 

Employing  these modes of financing  would mean that most of the least developed countries, such as in Sub-Saharan Africa, and some middle income member countries would be excluded.

 

The Foreign Ministers meeting also noticed that the changes in the contemporary world economic conditions reveals aggravating and mounting problems for IDB Member Countries, problems whose solutions call for increasing  financial  and technical support. In this context  it was particularly noted that recent world  change would imply a drastic deviation of international financial assistance to USSR and Eastern Europe. Furthermore, the other international sources are increasingly dictating conditionalities that almost prohibits several member countries from benefiting from the funds.

 

Under the circumstances it was the consensus that the Islamic Ummah should further strengthen its unique common instrument for development financing i.e. Islamic Development Bank to face the recent challenges.

 

In this context delegates have expressed their satisfaction with the activities undertaken by the Bank within its available resources and emphasized the high degree of the efficacy of the Institution, its Management and its technical interventions.

 

The consensus was also reached on the necessity to have a strong capital base for the Bank as a response to the increasing challenges faced by the less developed Member countries in terms of calamities, food deficiency as well as to mobilize further resources for the industrial and trade promotion.

 

The Ministers consequently recommend to the Sixth Islamic Summit Conference to favourably consider increasing IDB authorized and subscribed capital, with a view to provide it with the indispensable resources for the expansion and consolidation of its action in the service of economic and social development of the member countries.

 

In this context the Ministers expressed their full satisfaction on the activities undertaken by the IDB in the framework of available means and paid tribute for the high degree of efficiency of this Institution, its technical and financial management. The Ministers were of the view that such increase should be substantial and in accordance with current needs. They discussed at length the relevant modalities.

 

Much as the decision would require additional technical inputs, the meeting felt  that the capital increase  has a predominant political dimension,  as it expresses a major political will to transfer resources among the Ummah.

 

Some Ministers felt that the Sixth Islamic Summit Conference should follow the precedent set by the Third Summit held in Makkah Al-Mukarramah/Taif and decide to increase the authorized capital of the Islamic Development Bank from ID 2 to ID 6 billion and mandate the Board of Governors of the Islamic Development Bank to implement such a decision.

 

RESOLUTION No. 7/6-E (IS)

ON ASSISTANCE TO MEMBER STATES AFFLICTED BY DROUGHT AND NATURAL DISASTERS

The Sixth Islamic Summit Conference (Session of Al-Quds Al-Sharif, Concord and Unity), held in Dakar, Republic of Senegal, from 3-5 Jumad Al Thani, 1412H (9-11 December, 1991),

 

Recalling Resolution No.8/20-E of the Twentieth Islamic Conference of Foreign Ministers on assistance to the Member States afflicted by drought  desertification and other natural disasters;

 

Noting with concern the grave situation caused by drought and desertification, and the ensuing damaging effects on economic and social conditions specially in the sectors of agriculture and food in the affected Member States;

 

Extremely concerned at the massive damage caused by the tidal bore and cyclone of April 29, 1991 to Bangladesh's economic and social infrastructure resulting in heavy loss of life and property as well as public facilities and services.

 

1. Appreciates the efforts of some Member States as well as the Islamic Development Bank, which have provided technical, financial assistance and food aid to affected countries and appeals to all Member States and the international community to generously contribute either bilaterally or through specialized agencies and all other regional organizations to the process of preventing natural calamities and of combatting drought and desertification;

 

2. Appreciates the kind gesture of the Custodian of the Two Holy Mosque, King Fahd Bin Abdul Aziz to provide immediate financial assistance to the victims of the cyclone and tidal waves in Bangladesh;

 

3. Calls on all Member States to participate actively in the implementation of the International Framework of Action annexed to the U.N. General Assembly Resolution on the International Decade for the Prevention of Natural Disasters.

 

4. Appeals to all Member States, specialized and affiliated institutions to continue to extend generous assistance to the countries affected by natural disasters particularly the Government of Bangladesh for relief, rehabilitation and reconstruction of the socio-economic infrastructure.

 

5. Requests the Secretary General, in view of the recurring natural disasters, particularly in Bangladesh, to cooperate and coordinate with the IDB, UNDRO, the Islamic Relief Agency, and the INDR mechanism in order to recommend effective means, both technical  and financial, to prevent and reduce the impact of natural disasters on a long term basis

 

6. Also requests the Secretary General to submit a comprehensive report thereon to the 21st Islamic Conference of Foreign Ministers.

 

 

RESOLUTION No. 8/6-E(IS)

ON ECONOMIC PROBLEMS OF THE PALESTINIAN PEOPLE IN THE OCCUPIED PALESTINIAN TERRITORIES AND THE SYRIAN PEOPLE IN THE OCCUPIED SYRIAN GOLAN AND THE ARAB PEOPLE IN THE OTHER OCCUPIED ARAB TERRITORIES

The Sixth Islamic Summit Conference (Session of Al-Quds Al-Sharif, Concord and Unity), held in Dakar, Republic of Senegal, from 3 to 5 Jumada Al-Thani 1412H (9-11 December 1991),

 

Recalling Resolution 4/20-EC adopted at the 20th Islamic Conference of Foreign Ministers held in Istanbul, Republic of Turkey from 24-28th Muharram 1412H (4-8 August 1991);

 

Noting with grave concern the deteriorating economic and living conditions of the inhabitants of the occupied Palestinian and Arab territories, the occupied Syrian Golan and the other occupied Arab territories which resulted from Israeli policies of imposing an economic stranglehold against the Arab inhabitants;

 

Appreciating the economic assistance extended to the Palestinian people by the Member States and the United Nations agencies;

 

1.  Appeals to Member States and the international community to extend material and moral assistance to the Palestine Liberation Organization so that it can launch its economic programmes and projects in the occupied Palestinian territories and to support the steadfastness of the Palestinian people in the face of Zionist occupation of the Palestinian territories as well as to extend support to the citizens under the yoke of occupation in the occupied Syrian Golan and the Arab citizens in the other occupied Arab territories.

 

2.  Appreciates the economic assistance extended to the Palestinian people by Member States and United Nations agencies, inter-governmental and non-governmental organizations and requests the continuation of all forms of support and assistance to the Palestinian people in the occupied Palestinian territories with a view to solving their economic problems, and achieving economic development that would enable them to remain steadfast and to stand firm on the soil of their occupied homeland.

 

3.  Calls upon other developed States to grant export oriented Palestinian industrial and agricultural commodities, preferential treatment and exempt them from taxes and customs duties as is being done by the European Community.

 

 

RESOLUTION NO. 9/6-E(IS)

ON THE SYMPOSIUM ON FOOD SECURITY IN AFRICA (HELD IN CONJUNCTION WITH THE SIXTH ISLAMIC SUMMIT)

The Sixth Islamic Summit Conference (Session of Al-Quds Al-Sharif, Concord and Unity), held in Dakar, Republic of Senegal, from 3 to 5 Jumada Al Thani 1412H (9-11 December 1991),

 

Recalling Resolution 1/3-E(IS) of the Third Islamic Summit held in Makkah Al-Mukarramah, Kingdom of Saudi Arabia in 1981, adopting the Action Plan to strengthen economic cooperation among Member States;

 

Recalling Resolution 13/3-P(IS) adopted by the Third Islamic Summit Conference establishing the Standing Committee for Economic and Commercial Cooperation;

 

Recalling Resolution 1/4-E(IS)  adopted by the Fourth Islamic Summit Conference held in Casablanca, Kingdom of Morocco, in 1984, on the Action Plan to Strengthen Economic Cooperation Among Member States;

 

Having noted with satisfaction the results of the Symposium on Food Security in Africa, jointly organised by the African Development Bank, the Islamic Development Bank, the Organisation of the Islamic Conference and the Government of the Republic of Senegal in Dakar, from 27 to 29 November 1991.

 

1. Expresses satisfaction for the recommendations adopted by the said Symposium and the resolution appended to its final report.

 

2. Requests Member States and all financial, economic and technical organisations of the Ummah to assist the concerned African States for the effective implementation of these recommendations.

 

3. Appeals to Member States and the Islamic Development Bank to increase their assistance to OIC African Member States for the speedy and effective implementation of their national strategy for food security.

 


PROCLAMATION OF THE DECADE

ON FOOD SECURITY IN THE OIC MEMBER COUNTRIES DAKAR, REPUBLIC OF SENEGAL 3 TO 5 JUMADA AL THANI, 1412H (9-11 DECEMBER 1991)

The Sixth Islamic Summit Conference (Session of Al-Quds Al-Sharif, Concord and Unity), held in Dakar,  Republic of Senegal, from 3 to 5 Jummada II, 1412H, (9-11 December, 1991),

 

RECALLING Resolution No. 1/4-EF(IS) adopted by the Fourth Islamic Summit held in Casablanca, Kingdom of Morocco in 1984, which identified Agricultural Development and Food Security as one of the six priority areas of cooperation of the Plan of Action to Strengthen Economic Cooperation among Member States;

 

NOTING with satisfaction the Recommendations made by the Symposium on Food Security in the African Member Countries of the OIC, held in conjunction with the Sixth Islamic Summit;

 

REALIZING with utmost concern the deteriorating food security situation in the Islamic world;

 

BEING CONSCIOUS of the ALARMING food gap that has emerged as a consequence of rising demand in the face of slow growth in agricultural production in most Islamic countries.

 

DEEPLY CONCERNED at the growing dependence of OIC countries on food imports and the low level of trade in food products among the Islamic countries.

 

REALIZING FURTHER that a deteriorating food security situation may lead to serious social, economic and political consequences for the entire Islamic world.

 

BEING CONVINCED THAT this unsatisfactory food security situation is the result of:-

 

-Low level of scientific and technological progress.

 

-Inadequate utilization of natural resources available in the Islamic World.

 

-Inadequate incentives for the production and processing of food.

 

-Delivery mechanism for food production inputs.

 

-Lack of an effective Food Security policy to maintain inter alia adequate food reserves to guard against periodical shortages.

 

-Insufficient facilities for food marketing, processing, preservation and distribution.

 

-   Weak mechanism for controlling post-harvest losses of food.

 

-Inadequate coordination and cooperation among Islamic countries in evolving a collective system of food security.

 

RECOGNIZING that the Islamic countries have the natural, human and capital resources to achieve and sustain an adequate level of food security through concerted efforts;

 

RECALLING the successful efforts made by some Islamic countries to achieve self-sufficiency in the production of basic food commodities;

 

I. HAVE THEREFORE RESOLVED:

 

- To work at their respective national levels and also collectively to achieve the ultimate goal of sustainable food security, as soon as possible, in the Islamic world.

 

-To aim at rapidly increasing the degree of collective self-reliance in food production and trade.

 

-To promote policy and institutional mechanisms that facilitate coordination and integration and to commit the necessary resources therefor.

 

-To declare the decade of 1991 - 2000 as the "Decade of Food Security for the Islamic Countries".

 

II. INVITE MEMBER COUNTRIES:

 

-To mobilize physical, human, scientific, technological and financial resources to maximize food production in their respective countries with special emphasis on the conservation of the land, water and forest resources.

 

-To give science and technology a major role in the optimum utilization of available resources and for this purpose, to promote maximum possible cooperation among the Islamic countries.

 

-To increase intra OIC trade in food products through policy incentives and institutional arrangements in order to reduce dependence on imports from outside.

 

-To evolve bilateral and regional food security arrangements among OIC countries to build food reserves to meet emergencies arising out of fluctuations in production.

 

-To focus special attention on the problems of food consumption and nutrition especially for the vulnerable groups.

 

III. URGES the financial and business institutions to give higher priority investment in production, processing and marketing of food and livestock products through the establishment of joint ventures and multi-Islamic countries companies.

 

IV CALLS UPON the Ministers of Agriculture of Member States to monitor on a regular basis the progress being made in moving towards greater food security in the Islamic world through higher food self-sufficiency, greater productivity in agriculture and larger trade in food products among OIC countries.

 

 

RESOLUTION NO. 10/6-E(IS)

ON ENVIRONMENT AND DEVELOPMENT IN THE ISLAMIC WORLD

The Sixth Islamic Summit Conference (Session of Al-Quds Al-Sharif, Concord and Unity), held in Dakar, Republic of Senegal from 3 to 5 Jumada Al Thani 1412H (9-11 December 1991),

 

Guided by the principles of Islam which enjoins the Muslim people to safeguard the human and natural resources that Allah has granted them on earth, while stressing the basic human rights of all peoples to enjoy a healthy environment and the duty of all States to protect their environment from harmful activities and to take effective measures to stop its deterioration;

 

Recalling Resolution No.7/20-E of the Twentieth Islamic Conference of Foreign Ministers held in Istanbul from 24 to 28 Muharram 1412H (4-8 August 1991);

 

Recalling further UN General Assembly Resolution No.44/228 of 22 December 1989 that established the United Nations Conference on Environment and Development to be held in Rio de Janeiro (Brazil) in June 1992 at the level of Heads of State and Government;

 

Recognizing that the degradation of the environment as well as adverse consequence of the global climatic changes and the serious threats of biological diversity require strengthening of international cooperation on the basis of equitable strategy of responsibilities, the respect of the Sovereignty and the right of developing countries to pursue their obligation in the field of durable development.

 

Taking into consideration the African Common Position on Environment (November 1991, Abidjan), the Arab Declaration on Environment and Development (September 1991, Cairo), the Communique of Developing Countries (April 1991, Beijing);

 

Expressing its concern over the adverse effects of global warming and sea level rise on small island states and other low-lying nations of the Islamic world, which threaten not only the sustained development of their people, but also their very existence.

 

1. Endorses Resolution No.7/20-E of the Twentieth Islamic Conference of Foreign Ministers held in Istanbul from 24 to 28 Muharram 1412H (4 - 8 August 1991).

 

2. Reaffirms  the determination of Member States to work for the strengthening of regional and international cooperation with a view to seeking durable solutions to global environmental problems and sustainable development.

 

3. Stresses that multilateral cooperation for the protection of environment should include the provision of additional financial resources and access to environmentally viable technologies to developing countries, in the context of an international economic environment more oriented towards the human dimension and the qualitative aspects of development.

 

4. Urges all Member States to effectively participate in the U.N. Conference on Environment and Development and to contribute actively to the universal endeavours aimed at the solution of the problems of environment and development.

 

5. Stresses the need to undertake further basic studies and applied research on the phenomenon of climate changes including all gases that increase emanations in the stratosphere, and not to discriminate between them and the various sources of fuels when taking any measures for the protection of the environment.

 

6. Emphasizes the importance of taking into consideration the requirements and needs of development in the developing countries when defining any mandatory environmental targets or programmes.

 

7. Reaffirms the need to preserve  at the global level, the balance between the inter-related issues of environment, development, resources and population, taking into account technological progress and changes in the patterns of production and consumption.

 

8. Calls upon Member States to harness and strengthen the exchange of relevant scientific information and research among Islamic States.

 

9. Requests Member States and the OIC institutions to develop their cooperation and coordination at the bilateral, sub-regional, inter-regional and international levels.

10. Further requests the General Secretariat to work closely with the UN System particularly with the DIESA, UNEP and G.E.F. towards:

 

- the development of indigenous environmentally sound technologies;

 

- cooperation on environmentally sustainable development methodologies;

 

- cooperation on the development of environmental statistics of environmental accounting and of teaching materials for OIC Member States;

 

11. Stresses the necessity of furthering solidarity and coordination among OIC Member States at all international meetings and consultations relating to environmental protection.

 

12. Calls upon all Member States and institutions to support the efforts of those states which will be affected by sea level rise in strengthening their coastal defences, and assist them in carrying out other programmes for environmental protection and management.

 

13. Requests the Secretary General to submit a comprehensive report on the environmental and developmental problems in the Islamic world, taking into account the UNCED 1992 imputs, to the next Islamic Conference of Foreign Ministers.