Iranian President Calls for Enhanced Financial Mechanism Among D-8 Member States

Tehran: The Gulf Observer: Iranian President Masoud Pezeshkian has urged the creation of a robust monetary and financial mechanism to bolster trade exchanges among D-8 member countries, aligning with the organization’s strategic objectives.

Speaking during a meeting with D-8 Secretary-General Isiaka Abdulqadir Imam on Thursday morning in Egypt, where he is attending the 11th D-8 Summit, President Pezeshkian proposed the establishment of a development fund dedicated to joint investments by Islamic member states.

“Iran announces its readiness to establish such a fund, which would be a significant step towards enhancing economic cooperation and realizing the organization’s goals,” Pezeshkian emphasized.

Highlighting the D-8 as a vast market and an excellent platform for fostering trade, cultural, and scientific exchanges, the president underscored the need for member states to effectively implement resolutions and decisions made within the organization. “By doing so, the eight Islamic countries can maximize the benefits derived from the D-8’s capacities,” he stated.

In response, Secretary-General Isiaka Abdulqadir Imam acknowledged Iran’s pivotal role within the D-8, emphasizing its advanced capabilities in education and communication. He expressed optimism that recent trade agreements would fuel economic growth in Iran while advancing the broader objectives of the D-8.

The Developing Eight Organization for Economic Cooperation, or D-8, is a group of major Islamic developing countries working collaboratively to promote economic growth and development through trade and partnership.