- Why in News: Egypt is set to host the 48th D-8 Commission Meeting, the 21st Council of Ministers Meeting, and the 11th D-8 Summit in 2024.
- Formation: Established in 1996 to promote economic cooperation and development. 🏛️
- Member Countries:
- Bangladesh 🇧🇩
- Egypt 🇪🇬
- Indonesia 🇮🇩
- Iran 🇮🇷
- Malaysia 🇲🇾
- Nigeria 🇳🇬
- Pakistan 🇵🇰
- Turkey 🇹🇷
- Headquarters: Istanbul, Turkey 🏙️
- Legal Status: Intergovernmental organization 🤝
- Secretary-General: Ambassador Isiaka Abdulqadir Imam 🕴️
Key Stats 📊
- Combined Population: ~1.2 billion, 60% of all Muslims (about 13% of the world’s population) 🌏
- Land Area: 7.6 million square kilometers (5% of world land area) 🌍
- Total Nominal GDP (2023): ~$4.92 trillion 💵
Economic Growth 📈
- 2006 Trade Volume: $35 billion 💰
- 2010 Trade Volume: $68 billion 💸
- Percentage of World Trade (2010): 3.3% 🌍
Goals and Objectives 🎯
- Promote Economic Cooperation: Boost trade, reduce poverty, and increase living standards 💡
- Focus Sectors: Agriculture, trade, energy, technology ⚙️🌾
Governance 🏛️
- Leadership: Rotating presidency for equal member involvement 🔄
- Current Secretary-General: Ambassador Isiaka Abdulqadir Imam 🕴️
Challenges and Opportunities ⚖️
- Challenges: Political instability and economic disparities may hinder progress 🚧
- Opportunities: Enhanced trade, investment, and collaboration for growth 🚀
Future Outlook 🌱
- Potential: With growing economic power, the D-8 aims to strengthen its global influence 🌐
- Commitment to Sustainable Development: Focus on climate change, poverty reduction, and global inequality 🌱🌍
Conclusion: The D-8 represents the power of collaboration among developing countries, showcasing the potential for a prosperous and interconnected future. 🌍🤝
Source: Wikipedia