The key to overcoming challenges is 500 million youth, PM Imran Khan told D-8 countries

The key to overcoming challenges is 500 million youth, PM Imran Khan told D-8 countries

Pakistan
On April 8, 2021, Prime Minister Imran Khan attended the 10th Summit of the D8 Organization for Economic Co-operation, hosted by Bangladesh. – Prime Minister’s Office

Addressing the eight developing (D8) developing countries on Thursday, Prime Minister Imran Khan urged them to create opportunities for youth empowerment, which he said would “not only improve our opportunities”. , Rather [help us] Overcome our common challenges. “

The D-8 Organization for Economic Cooperation is a group aimed at enhancing development cooperation. In addition to Pakistan, other member countries include Bangladesh, Iran, Turkey, Malaysia, Egypt, Indonesia, and Nigeria.

The theme of this year’s conference was “Partnership for a Changing World: Utilizing the Power of Youth and Technology.”

Addressing the 10th D8 Summit in Dhaka, he said that using technology, promoting innovation and investing in youth education, skills and training is a must to prioritize all member countries. Should be given.

“Today, the world is proud of the largest number of young people in history,” he said. ۔ ” Prime Minister Imran Khan.

He said the D8 countries were “indebted to our youth” for turning it around, and that the youth population in those countries was 550 million.

“Our youth have the potential not only to improve their opportunities, but also to overcome our common challenges,” he said.

“He is a businessman, business innovator, technology pioneer, educator, activist, artist, and journalist.

The Prime Minister added, “We want to create new opportunities for this important part of our population.

Talking about Pakistan’s efforts in this regard, the Prime Minister said that the country aims to provide facilities to its youth through programs like Kameeb Jawan, Skilled Pakistan, Youth Entrepreneurship Scheme and Digital Pakistan.

‘Participation in a rapidly changing world is essential’

The Prime Minister noted that the rate of change in the world has increased over time.

“The advances in information and technology are rapidly transforming yesterday’s science fiction into today’s reality,” he said.

Prime Minister Imran Khan emphasized that under such circumstances, no country could solve the complexities of a changing world.

“Partnership is essential. I am pleased that, at D8, we have a platform to work together for mutual benefit and win-win solutions,” the Prime Minister said.

The Prime Minister said that D-8 would do well in prioritizing the following three areas while dealing with the rapidly changing world.

Emphasis on efficiency and productivity

As a net producer of basic global commodities, D-8 should envisage projects to improve supply-side technology, with a particular emphasis on efficiency and productivity.

As innovation improves transportation and communications costs, D-8 members must work together to maintain logistics and global logistics.

Jointly tackling barriers to labor markets due to technology

Second, the D-8 should consider ways to prevent its members from interfering with labor markets due to technology and innovation.

Because as an alternative to automation around the world, D-8 labor economies face unemployment and social disruption.

Retreat against ‘vaccine nationalism’

Third, D-8 should demand that the COVID vaccine be better understood by the world community, ensuring equity, affordable, better production and timely delivery to save lives.

The Prime Minister said, “We must step back against vaccine nationalism and immovable export restrictions. Global vaccine companies must accelerate their production to supply vaccines or work with developing countries.” Technology and expertise must be shared. “

Five-dimensional roadmap to understand the vision of D-8

The Prime Minister also proposed a five-pronged roadmap to understand the vision of the D-8 countries:

Mobilize resources

The Prime Minister said that it was of utmost importance to mobilize financial support and resources for resolving the economic and health crises caused by COVID epidemics.

“To address the unique economic and financial challenges facing developing countries as a result of the epidemic, I have already proposed a five-point plan. This includes debt relief, the creation of Special Drawing Rights (SDRs) and Climate redistribution Climate mobilization. Finance; Elimination of illicit financial flows and return of stolen assets to developing and developing countries

Prime Minister Imran Khan said, “In this context, I called for a” global initiative on debt relief “last April.”

He invited D-8 members to consider these five points and join in advocating for COVID-related relief measures.

Trade expansion

Prime Minister Imran Khan said that D8 countries must take concrete steps to achieve the goal of expanding intra-D8E trade, which will increase from US 100 100 billion to US 500 500 billion by 2030.

The Prime Minister said, “This should include measures such as simplification of border procedures, enhancement of institutional connectivity, and implementation of new initiatives. We welcome ideas such as the D8E Payment Card, which allows local currencies I will be able to transact. “

Youth Engagement Strategies

D-8 should develop a “Youth Engagement Strategy” focused on promoting cultural, educational, and scientific and business exchanges. Establish links between educational institutions through scholarships, skills development, training, fellowships, joint research, and especially for young people in the fields of science, technology and innovation.

Technological advancement

The Prime Minister said that technological advancement is the gateway to economic prosperity, especially in the aftermath of epidemics when the reliance on technology will be greater than ever in human history.

“To stay competitive, we need to promote knowledge-based economies, increase spending on research and development, and focus on rapid digitization,” said Prime Minister Imran Khan.

He reminded the audience that Pakistan had recently hosted the inaugural session of the D-8 Network of Pioneers for Research and Innovation (NPRI).

Making D-8 more relevant to the lives of citizens

The Prime Minister said member states need to “make D8 more relevant to the lives of their citizens” by promoting food security, enhancing health co-operation, holding joint sports competitions and helping each other during natural disasters. Should

Prime Minister Imran Khan noted, “To achieve these goals, we need to mobilize high-level commitment and financial resources through both developed and developing economies.”

“Therefore, partnerships between governments, international financial institutions, businesses and civil society must ensure that every young person has every opportunity to realize their potential,” he said.

“I am confident that our collective wisdom and determination will bring a new impetus to the D-8,” the Prime Minister concluded.

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