Tuesday, November 03, 2009

FM: Iran Preparing Draft for D8 Joint Investment Fund

TEHRAN (FNA)- Iranian Foreign Minister Manouchehr Mottaki announced on Monday that Tehran is working on a draft agreement on the establishment of a joint investment fund for the Eight Developing Islamic Countries Group (D8) Reminding a proposal which was put forward by Iran at the D8 summit in Kuala Lumpur in 2008 for establishing the fund, Mottaki said during his speech at the 12th ministerial meeting of the D8 group in Kuala Lumpur on Monday, "We are drafting a Memorandum of Understanding for setting up the fund."

The D8 Group is comprises of eight developing Islamic countries, namely Iran, Turkey, Pakistan, Bangladesh, Indonesia, Malaysia, Egypt and Nigeria.

Mottaki called on the member states to supply the necessary financial resources and capital for the joint investment fund in a bid to bring it into operation.

Tehran plans to allocate $20 million for the fund, Mottaki announced and asked for the same move by the other D8 member states.

Elsewhere, Mottaki called on the D8 to review impacts and outcomes of the recent global economic crisis and initiate proper measures to minimize its negative consequences on the economic and social structure of the member states.

The current economic conditions of the world require a collective and targeted move by the member states to materialize common interests, Mottaki went on saying.

He reiterated that Iran attaches much significance to cooperation in economic, scientific and technical fields within the framework of the D8 Group.

The Iranian foreign minister also expressed Iran's full preparedness to work together with the other D8 member states and take more serious steps for the swift and successful implementation of the plans and programs approved by the Group.

http://english.farsnews.net/newstext.php?nn=8808111520

Comment: This news agency is the official Iranian news company. This means it represents the current leadership's positions and actions. Note thatthe D8 fund is set up among "the Eight Developing Islamic Countries Group". Islamic countries defined by this investment fund. Not a Jewish fund, not a christian fund, not even a secular fund but clearly a religious Islamic fund. Iran is defining countries as Islamic and yet it complains, as does each of the 8 countries listed in this fund, that Israel must not be a Jewish state. Note also the identification of Islamic centered countries around the globe-is there any doubt as to their endgame internationally? How much more evidence do you need to understand we are in a war of ideology and we are loosing?

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