500 million youth key to overcome challenges, PM Imran Khan told D-8 countries

500 million youth key to overcome challenges, PM Imran Khan told D-8 countries

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, a priority for all member countries. Should be given.

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

“The D8 countries are indebted to our youth for turning this around,” he said, adding that the youth population in those countries is 550 million.

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

“They are entrepreneurs, business innovators, technologists, educators, workers, artists, and journalists.

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

O.L., as a net producer of basic global commodities, D-8 must envision projects to improve supply-side technology, with 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 increase 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 mobilization of financial support and resources for resolving the economic and health crises caused by the COVID epidemic was of utmost importance.

“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. The transaction will be possible. “

Youth Engagement Strategies

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

Technological advancement

The Prime Minister said that technological advancement is a 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 countries 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

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

“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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