Minister urges Islamic Solidarity Fund to help remove poverty

Tehran, Nov 27, IRNA – Minister of Economic and Finance Ali Tayebnia called for cooperation of the Islamic Solidarity Fund to remove poverty and unemployment in OIC member states.
  He made the remarks in the 30th session of the OIC Standing Committee on Economic and Commercial Cooperation General Assembly held in Istanbul, Turkey on Thursday.

According to the report of Economic and Finance Ministry website, Tayebnia said that OIC member states are facing structural labor market challenges such as low rate of women economic participation, high rate of unemployment among young adults, low rate of efficiency and ability to compete and in this concern an initiative job creation could be as a solution.

He said that offering financial services in the region needs reform, adding that financial systems in the region are mainly established by trade banks and capital markets have not been developed.

The Iranian minister asked Islamic Solidarity Fund for Development to supply sources for removing poverty and unemployment and financial deprivation of vulnerable stratum.

Referring to ‘tourism’ as the main axis of the session, Tayebnia said that tourism has an important role in recovery of global employment.

Tayebnia expressed hope that defined strategies by COMCEC in the sector of tourism under title of ‘Sustainable and Competiveness Tourism Development in the region of OIC ‘ could be proven through concentration on grounds like regulatory framework, training programs, preparing grounds for private sector activities and marketing strategy.

By IRNA

 

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