1. Main
  2. Learn
  3. News overview
  4. Kazakhstan

Nazarbayev points out disbalances in development of OIC countries

Kazakhstan President Nursultan Nazarbayev. ©REUTERS Kazakhstan President Nursultan Nazarbayev. ©REUTERS
Kazakhstan President Nursultan Nazarbayev pointed out a disbalance in development of the OIC (Organization of the Islamic Conference) countries and a big difference between the economic performances of the OIC member-states and European countries, Tengrinews.kz reports from the meeting of the OIC Ministers of Foreign Affairs in Astana. “Average GDP (PPP) per capita in OIC countries is $9.5 thousand. Whereas for European countries it makes $24 thousand. There is a serious disbalance of development among the OIC countries. The difference in GDP per capita between the most and the least developed countries is over 100 times. The OIC countries control 70 percent of the world energy resources, but they are responsible for only 7 percent of the world's GDP and 11 percent of the world's goods turnover. I think that this is absolutely unacceptable. Competitiveness of every OIC member-state has to be increased in general and in particular. We propose to develop an integrated strategy of economic development of the OIC countries,” Nursultan Nazarbayev said today, June 28. By Renat Tashkinbayev

Nobel prizewinner proposes a new city in KZ
New abnormal snowfalls expected in Kazakhstan
Huge glacier retreat triggered in 1940s
Hyperloop construction begins in Las Vegas
"Moonlight" to top Spirit Awards nominations
Oil prices fall due to investors uncertainty
New dwarf galaxy discovered around Milky Way
Kanat Islam becomes a top ten WBO boxer
World oil prices continue to rise
Kazakhstan expects warming - Kazhydromet
Merkel to seek fourth term as chancellor
Sale of Tintin drawings set to break records
US, EU stocks fall as markets focus on dollar
Pacific leaders urged to defend free trade
EU warns eight nations on budget deficit
Universiade-2017: Athletic Village is ready
Bob Dylan can't make Nobel ceremony
Messi will never leave Barca - club president
Google, Facebook take aim at 'fake' news
Aerosmith announces Europe 'farewell' tour
Putin, Trump to normalise US-Russia ties
At least 10 hurt in southern Turkey blast
6.2 quake hits western Japan
OPEC agrees shock oil output cut
Israeli ex-president and Nobel laureate Peres dies
Germany blocks WhatsApp data transfers to Facebook
32,000 arrested in Turkey coup probe
Youth to the fore as Milan fashion week opens
Xenophobia threatening peace in eastern Germany
Four-in-10 Japanese are virgins: poll
Sweden re-militarises Baltic island of Gotland
China to launch second space laboratory: Xinhua
More than a billion stars mapped in Milky Way: ESA
Boxing: Golovkin eyes Saunders after stopping Brook
Kazakhstan shifts PM to security chief
Oil prices gain despite rising OPEC supply forecast
US to give Philippines military planes
Singapore wages war on Zika-bearing mosquitoes
Italy quake death toll nears 250
Viral photos add fuel to French burkini debate
18 dead as Italy struck by powerful quake
Japan's first lady visits Pearl Harbor
Pokemon's a no-go on Bangkok's roads
July was Earth's hottest month in modern times
Pakistan rock climbers scale new heights