What is meant by Developing 8 Countries?

1 ANSWERS

1. Brett
   

   The Developing 8 (D-8 or Developing Eight) are a group of developing countries with large Muslim populations that have formed an economic development alliance. Combined, the countries made up 13.5% of the global population in 1997. It consists of Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey. The group was established after an announcement in Istanbul, Turkey on June 15, 1997. Membership is open to countries other than the current member-states, though no expansion is currently planned.[citation needed]
   As stated by the D8 Facts and Figures Publication: "The objectives of D-8 are to improve developing countries' positions in the world economy, diversify and create new opportunities in trade relations, enhance participation in decision-making at the international level, and provide better standards of living." The main areas of cooperation include finance, banking, rural development, science and technology, humanitarian development, agriculture, energy, environment, and health.

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