The Vice-President of the World Bank has told the International Islamic economic Conference in London, in Britain, of the need to improve the economic and social conditions of the third world -- much of which was Islamic itself, he said.
GV EXTERIOR: Commonwealth Institute, London, U.K.
SV INTERIOR: Islamic conference audience seated.
CU: World Bank Vice-President Shahid Husain of Pakistan addressing gathering (in English)
HUSAIN: There are no serious ideological conflicts. Inevitably, there are political differences, but none that cannot be overcome for the common good. We are all part of the third world, with a pressing need to improve the social and economic conditions of our people. However, similar to the outlook and problems of emerging countries, there is, among them, a great deal of economic accommodating. It would, therefore, be worth while to review the economic retrospect of these, and examine their implications for financial and economic co-operation. There are, at present, about two scores of Moslem states. They are spread over three continents and span temperate to tropical climates. Their political spectrum is as varied as their geographical spectrum. Their total population is about 700-million -- or one sixth of the world population -- and ranges between 200-thousand in Qatar; 231 million for Indonesia. In terms of area, the smallest state in Bahrain, with 100-thousand square...with a thousand square kilometres and the largest is Sudan with 2.5 million square kilometres."
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Background: The Vice-President of the World Bank has told the International Islamic economic Conference in London, in Britain, of the need to improve the economic and social conditions of the third world -- much of which was Islamic itself, he said. Mr. Shahid Husain, from Pakistan, said the need was now pressing.
SYNOPSIS: Mr. Husain was speaking on the fifth day of the week-long conference, sponsored by the Islamic Council of Europe.