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RESOLUTION NO.6/29-E

ON ERADICATION OF POVERTY IN THE LEAST DEVELOPED AND LOW-INCOME OIC MEMBER STATES

The Twenty-ninth Session of the Islamic Conference of Foreign Ministers (Session of Solidarity and Dialogue), held in Khartoum, Republic of Sudan, from 14-16 Rabiul Thani 1423H (25-27 June 2002),

Recalling Resolution No. 6/9-E (IS) adopted by the Ninth Session of the Islamic Summit Conference;

Recalling also Resolution No. 6/28-E adopted by the Twenty-eighth Session of the Islamic Conference of Foreign Ministers;

Expressing its concern over the prevalence of poverty and its tragic dimensions which should be checked in time;

Reiterating the need to give special attention to the eradication of poverty, notably in the Least Developed and Low-income Islamic countries;

Acting in conformity with Islamic rules and precepts as well as the OIC Charter and moved by the spirit of Islamic solidarity;

Noting that Micro-Credit programmes by providing access to small capital, contribute towards eradication of poverty through generating productive self-employment, ensuring social and human development, and promoting participatory processes in the societies;

Noting the support to micro-credit extended by various Summits and other high level meetings and noting further that the international community is observing the period 1997-2006 as the first United Nations Decade for the Eradication of Poverty.

Recognizing that, in the process of globalization, the marginalization of many developing countries and particularly the least developed among them have created constraints to the efforts to eradicate poverty;

Noting with appreciation the study prepared and submitted by SESRTCIC on “Eradication of Poverty in the Least Developed and Low-income OIC Member States”;

Having taken note of the report of the Secretary General on this matter;

1. Reaffirms that the eradication of poverty in all Member States before the end of the next decade should constitute a common objective of OIC Member States.

2. Confirms the link between the acute nature of the poverty phenomenon and the distortion of the socio-economic structures, marginalization in the global economy, and deterioration of terms of trade, due to the inappropriate international conditions, particularly those relating to the requisites of economic growth and development.

3. Urges the developed Industrial States and International institutions to take specific measures for the fulfillment of the commitments made at the World Social Summit, held in Copenhagen, as well as other international fora so as to enable the Least Developed Member States to attain this objective.

4. Notes with appreciation the holding of the World Food Summit: Five Years Later on 12-13 June 2002 in Rome, which adopted a set of important decisions on combating famine and securing food security for all countries, and urges the Member States to take necessary measures for their implementations.

5. Encourages incorporation of micro-credit schemes in the strategy of poverty eradication and implementation of related recommendations as reflected in the Plan of Action adopted in the Micro-Credit Summit held in Washington from 2-4 February 1997, which launched a global movement to reach 100 million of the world’s poorest families for self-employment and other financial and business services by the year 2001.

6. Reaffirms that a favourable international economic environment taking into account the requirements of developing countries, within the framework of the concessions to be granted to them in terms of financial and technical assistance and investment resources; and also, of their access to international markets, raw materials price stability and appropriate structural programmes, is necessary for the success of the struggle being waged by LDCs and low income countries to help them eradicate poverty.

7. Appeals to developed countries that have not yet done so to achieve as soon as possible the agreed target of 0.7% of the GNP for overall official development assistance and, to achieve the 0.15 to 0.20 per cent of GNP for the least developed countries.

8. Urges the LDCs and low income countries to play in a more coordinated manner a more active role in international fora dealing with the eradication of poverty.

9. Requests Member States to intensify implementation of technical cooperation programmes among themselves with a view to improving the health educational, human and housing conditions as well as other basic needs of their respective population.

10. Encourages Member States and competent OIC organs and institutions, particularly the IDB and ICCI, to support the on-going development programmes of OIC Least Developed Countries and the low income ones, with a view to encouraging and strengthening the SMEs by providing support service measures for enhancing their local technical capabilities creating production and job opportunities.

11. Requests the more advanced Member States of OIC to reduce tariff barriers on goods and services of the Least Developed Member States to help them broaden their market base and also to provide long-term FDI to help the latter, inter alia, to avert the risks of fluid capital transactions and speculative investment.

12. Stresses the importance of effective national, financial, monetary, commercial and budgetary policies in the mobilization of national resources making it possible to combat poverty.

13. Reaffirms the need to give special priority to the Least Developed and poorer Member States.

14. Requests the Secretary General to follow up the implementation of this resolution and submit a report thereon to the Thirtieth Session of the Islamic Conference of Foreign Ministers.

 

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