D-8 Organization for Economic Cooperation explained

D-8 Organization for Economic Cooperation
Map:Developing 8 countries.PNG
Msize:280px
Mcaption:Members of D-8[1]
Formation:1996
1997 (1 Summit)
Status:Intergovernmental organization
Headquarters:Istanbul, Turkey
Leader Title:Secretary-General
Leader Name:Ambassador Isiaka Abdulqadir Imam
Leader Title2:President
Leader Name2:Sheikh Hasina

The D-8 Organization for Economic Cooperation, also known as Developing-8, is an organisation for development co-operation among Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey.[2]

The combined population of the eight countries is about 1.2 billion or 60% of all Muslims, or close to 13% of the world's population and covering an area of 7.6 million square kilometers, 5% of world land area.[3] In 2006, trade between the D-8 member states stood at $35 billion, and it was around $68 billion in 2010.[4] Transactions between the eight developing countries accounted for 3.3 percent of world trade in 2010.[4] The total nominal GDP of the eight nations was around 4.92 trillion as of 2023.

Purposes and objectives

The main areas of co-operation include finance, banking, rural development, science and technology, humanitarian development, agriculture, energy, environment, and health.[3]

In the first Summit Declaration (Istanbul, 1997), the main objective of D-8 is stated to be socio-economic development in accordance with the following principles:

The fifth D-8 Summit Declaration (Bali, 2006) produced the following, as illustration of the application of the group's objectives:

Structure

The Summit, which is convened every two years, has the highest level of authority, and is composed of the leaders of each member state.[6]

The Council is the principal decision-making body and forum for consideration of issues relating to the and is composed of the foreign affairs ministers of each member state.

The Commission has executive authority, and is composed of Commissioners appointed by each member state's government. Commissioners are responsible for promoting compliance with directives in their respective nation. Finally, an executive director is appointed by D-8 members to facilitate communication and to act in a supervisory capacity during each summit or lower-level assembly.

D-8 Summits

Date Host country Host leader Location held
1 June 1997 Istanbul
2 March 1999 Dhaka
3 February 2001 Cairo
4 February 2004 Tehran
5 May 2006 Bali
6 July 2008 Kuala Lumpur
7 July 2010 Abuja
8 November 2012 Islamabad
9 October 2017 Istanbul
10April 2021 Virtual

Member countries

CountryPopulation (1 July 2023)[7] Nominal GDP (USD million)[8] Nominal GDP per capita ($)PPP GDP (Int$ million)PPP GDP per capita (Int$)Life expectancy (years, avg. 2021)HDI (2021)[9]
Bangladesh 172,954,319509,516 2,9691,578,1649,06374.30.661 (medium)
Egypt 112,716,599378,1103,6441,803,58416,97971.80.731 (high)
Indonesia 277,534,1231,391,778 5,0164,398,72915,85571.30.705 (high)
89,172,767367,970 4,2511,691,81919,54877.30.774 (high)
Malaysia 34,308,525447,02613,3821,230,82336,84774.70.803 (very high)
Nigeria 223,804,632506,6012,2801,372,6246,17862.60.535 (low)
Pakistan 240,485,658376,493 (2022)1,658 (2022)1,582,9886,836680.544 (medium)
Turkey 85,816,1991,029,30311,9313,572,55141,41278.60.838 (very high)
Combined/Average 1,236,792,8224,917,7973,97617,128,28213,84972.0N/A

Secretaries-General of D-8

No. Name Country of origin Took office Left office
1 1997 2006
2 2006 2010
3 2010 2012
4 2013 2017
5 2018 2021
6 2022 present

Affiliated Bodies

See also

External links

Notes and References

  1. The official website adopts the "G-15" orthography (with a hyphen) in order to distinguish an abbreviated references to this group – contrasts with other similarly named entities.
  2. Web site: Brief History of D-8 . 18 November 2012 . https://web.archive.org/web/20180612162119/http://www.developing8.org/About.aspx . 12 June 2018 . dead .
  3. Web site: D8 ministerial summit opens today . 27 February 2010 . . 1 March 2010.
  4. Web site: Iran pledges €50m to D8 fund . 28 February 2010 . tehran times . 1 March 2010.
  5. Web site: Archived copy . 18 November 2012 . https://web.archive.org/web/20121128112155/http://www.developing8.org/MissionStatement.aspx . 28 November 2012 . dead .
  6. Web site: 13 May 2006 . Developing 8 . dead . https://web.archive.org/web/20100314234259/http://www.developing8.org/about-d-8/organisational-structure/ . 14 March 2010 . 1 March 2010 . Developing 8 . dmy-all.
  7. Web site: UNdata record view Total population, both sexes combined (thousands). 2021-09-16. data.un.org.
  8. Web site: International Monetary Fund . World Economic Outlook Database, April 2023 . International Monetary Fund.
  9. Book: Human Development Report 2021-22: Uncertain Times, Unsettled Lives: Shaping our Future in a Transforming World . 8 September 2022 . hdr.undp.org . United Nations Development Programme . 978-9-211-26451-7 . 272–276 . 8 September 2022 . https://web.archive.org/web/20220908114232/hdr.undp.org/system/files/documents/global-report-document/hdr2021-22pdf_1.pdf . 8 September 2022 . live.
  10. Web site: D-8 International University - D8 International Portal - D8 Portal . 2023-12-27 . D8 International Portal . en-US.
  11. Web site: https://d8.isc.ac/ . 2023-12-27 . d8.isc.ac.
  12. Web site: http://developing8.org/d-8-npri/ . 2023-12-27 . developing8.org.
  13. Web site: HOME . 2023-12-27 . D-8TTEN . en-US.
  14. Web site: https://developing8.org/areas-of-cooperation/health/ . 2023-12-27 . developing8.org.
  15. Web site: University of Agriculture Faisalabad (UAF) . 2023-12-27 . web.uaf.edu.pk.