ADVERTISEMENT
  • The Membership Club
  • #EndSARS Dashboard
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Monday, May 16, 2022
Premium Times Nigeria
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • COVID-19
    • News Reports
    • Special Reports and Investigations
    • Data and Infographics
    • Health Specials
    • Features and Interviews
    • Multimedia
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Data and Infographics
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • #PandoraPapers
  • AUN-PT Data Hub
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • COVID-19
    • News Reports
    • Special Reports and Investigations
    • Data and Infographics
    • Health Specials
    • Features and Interviews
    • Multimedia
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Data and Infographics
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • #PandoraPapers
  • AUN-PT Data Hub
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Global peace impossible without fair deal for the poor, says IDB President

Global peace impossible without fair deal for the poor, says IDB President

byPremium Times
October 30, 2013
2 min read

“The world certainly cannot be at peace with itself when about one-third of us are poor,” the IDB president said.

The President, Islamic Development Bank, IDB, Ahmad Ali, said on Wednesday that the world can ill-afford peace in the face of grinding poverty for a third of the world’s population.

Mr. Ali, who was speaking in London at the World Islamic Economic Forum, WEF, called for the reform of the global economy in order to rescue the world from the current and future economic turmoil, particular its negative impact on developing countries.

“The world certainly cannot be at peace with itself when about one-third of us are poor, without proper food and shelter, with high unemployment, particularly among youth and women, or at war,” the IDB President told delegates at the conference, including Kings, Heads of States and Prime Ministers.

For the world to make progress economically, Mr. Ali listed three key factors that must be considered, namely, closing the widening economic gap; building trust, and promoting the role of the private sector for development.

He called for a framework for reforming the global financial system to ensure stability, pointing out that the Islamic finance model could be adopted as an alternative.

“There is still more room for improvement in the model,” the IDB Group Chairman said, adding that under the principles of Islamic finance, the real-economy must not be delinked from the financial economy.”

“We need to systematically introduce socially responsible financing and investment packages. In our view, it is not about financial economy, but human economy that matters, in the long run,” he noted.

The IDB, he stated, was ready to offer its services for the development of the Islamic financial industry, expressing gratitude to the British Prime Minister, David Cameron, for the effort to host the conference in London, one of the leading commercial centres in the world.

Present at the opening ceremony were the Prime Ministers of Malaysia, Pakistan and Morocco as well as the Sultan of Brunei, the King of Jordan, the President of Bangladesh, Kosovo and Afghanistan, and other key representatives from IDB member countries.

1X Bet AD

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate



TEXT AD: To place an advert here . Call Willie - +2348098788999


JOIN THE CONVERSATION

  • Disqus (1)
premiumtimes





PT Mag Campaign AD

Previous Post

North-South Divide and the Nwabueze’s Intellectual Sophistry, By Babayola M. Toungo

Next Post

Online publishing: Guild of Editors president sues for professionalism

Premium Times

Premium Times

More News

Bitcoin used to illustrate the story.

Bitcoin extends dip, falls below $30,000

May 16, 2022
A trader in ogba market, Lagos state (PHOTO CREDIT: Ntiedo Ekott)

Nigeria inflations jumps to eight-month high, hits 16.8%

May 16, 2022
Federal Inland Federal Inland Revenue Service (FIRS) is Nigeria's tax collection agency

FIRS lists Nigeria’s top taxpayers for 2021

May 16, 2022
Airtel, EcoBank and, IBTC

Airtel Africa, Ecobank, Stanbic IBTC top stocks to watch this week

May 16, 2022
FCMB and Mastercard officials

FCMB, Mastercard Foundation partner to uplift 100,000 MSMEs in Nigeria

May 14, 2022
Innoson Group of Companies

Innoson says close to huge gas find in Sierra Leone

May 14, 2022
Next Post
Online publishing: Guild of Editors president sues for professionalism

Online publishing: Guild of Editors president sues for professionalism

Chinese companies express interest to invest in Nigeria’s aviation sector

America rewards whistleblower with $150,000 payout as Nigeria hounds Oduahgate informant

Read All Comment

Search

AUN-PT Ad





Transport-Technology


Stanbic Ad


Access Bank Ad





Glo Ad


Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,837,353 other subscribers.

Advertisement






netherland biz school Advert



Zenith Advert

ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • #PandoraPapers
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • COVID-19
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Investigations
    • Investigations
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • #EndSARS Dashboard
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • AUN-PT Data Hub
  • Opinion
  • The Membership Club
  • Dubawa
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.