Page
7
As a result partly of the invention of various kinds,of Lab ou r e-s'a v.i.n g d e va ce e including automation, computer, etc, , and partly of misplaced emphasis, the fundamental point is s omet Imee overlooked by rulers and planners alike:that nothing of utility in this world can be produced without the physical and mental labour of man. Even the picking of a ripe fruit Which' has fallen f r-om a tree requires some measure - albeit insignificant _ of .phye a ca L and mental app Lf cat Lon , I t is correct then to say
production problem
that no production can take place and no can be solved without the active and dynamic intervention of man •.i Even the electronic computers. whose
speed. precision, and infallibility in solving problems are
extolled above so-called defective human efforts, are the handi-work of man. Unless this indispensable instrument for, the
tackling of eco nom i.c problem is itself appropriate and adequate, the resultant solution is more likely than not to be w,rong or
dE!fective. Lt . follows, ther,efore. that the economic pre-r,equisi te of the eO,untries -of Afri.ca is .app r opr-La t eLy and adequately
trained .manp o we r , ,Oi ve,them t-his, andthe,ire co nomi c 'problems, , h a v Ln g regard to their a b undant. natural r e s ource s , are morevt han 60 per cent solved. Xn this copnection, i t must be realized that, in th~'fi~a1 analysis. neo_coloni.alism Ls basically a
, . -,- . ' . ' . . - .
-pheri6~edoh of the shortage of technical and ~anagerial knoj-bow.
•
It is for all these reasons, therefore, that I regard the AACB as doing t'irst' th'ih'gfirstby h oLd Lng' this' Training Course • In the' words 'of the AAcn· itself, the general object of this
Course is;
Management to Junior Executi~e positions in Central Banks. The courses will also build
E/cN
.1'4.x
J(l.tJiAh Q·
b)" .
Annex ,.
Page 8 . .
A Co ur-e.ev.s u ch 'a,,,thi,, is' bOUlrl:l, tob'e twiG6'b'enefiGial.
tt
will, " .'.,
t.h e r-e e.t , H willa,lso be:nefit the"'CeritraTBanks 'and members of tl1e.il1' topma·nagemeo·t by' the p-rov'La i.on 'for them of bett'ez"
e qunpp.ed .et af.f", "
'rifu~' w~s\"hen'
thefun'G~i~ns
of Central BankS" w,ere co n rLned tothb
l'nai'n tEHli! nee 0 f~.
h.)
(1) r-e as onabLe- stability Ln.t.h e internal price" level;
J"'" 1'2): ,st,a1;Jility in the ex-te r naLvva'Lue' of'tl1eclI'rrency:
~
..
. and ,'. > .s. .:f:3)b!ilante of
pay;';ents equilibrium.,,,',/
But todaY,.these,'",' - ';;,', ' - ' , . ' y~e~Y:',:', '.-'-. 4ifficul1;; and- ' . -', .' .int ni cat e f un ct.Lon sv.ha ve . been f",rthercomp lica ted by the ,assumption by. t,heCel).traldlank&,
", .• ,:-,~ .:, " ; ; . ; 1 :, ;' • ' , .' ;'. : . . , '-- . - •
or probably :j.t is more co r r ec t .t.o say, 1;Jy t.h e impbsitdon on,
-;.:-, .",-.-:" '(',' ' . . . .
t.hem by all the Government" .of the WOr.ld of··e.ntir.ely new..·funG,f:\i·on".
': "";'1:./ .:' .)'1 -: -, :: " ' , ' - " . . ' .- . . . '
A" a re"ul1; of t hLs ,development., i t Ls nowthe,dut.y'ofthe
,:, '" ,.,' , . , _ ' , . . . ' , I .
Central Bank" to discharge efficiently,and e f f'e c.u.i.veLy, in, 'J
'.'';.':,..,,' . ' ' ' ' ' , ' , ' . ..~ ; " " .- . ' . ' . ..
a ddit Lon to the traditional .o ne's , the f u n c t.Lon s of {-l)promoting a higher rat'e' of econdiriicgrowth •
..and r-aLsLng-vt h'e s t anda r-d of,·1iv"ing:of·ihe' people; arid '(2) a'chievingfull emp
Lo
ymerrt ,... ' :'. '.,' ."", " ' ,:;'. .' :. ' _ .~" ., i
.'. In ta ck
La.n
g all 'these gargantuan problem", African Central Banks and'Planners~rein
a happierpo"iti~~
than their.~ount~~~t~
'. •. ' , ' •. . , . r' '. " .,. ' , : . . ,: .." '" : ' . '- " ,~" ' C •
parts ~hmany of th& developed countries. Ours is not the:
" ,
problem of .st r Lvi n g to make already fullY utilized natural
I . _ . . . .
r-e.s o ur-cos Y-ield greater tn cr-e a s e , by an'~xti:'a-"kill'ul
redeployment of the factor" 'of prod4ction;'on the' contrary, the prime ca uae s '01' ;our'riilderdevelopmerlt ' are iiiadequi.:fe· develop-ment and Lnapp r-opr uat e 'crrientatibri ofhumani'/esourCes," ~s"well as the no n u ta.j.Lz.atiiln jundertitilizat Lo'n, and mis"JtiiLf,a'i: ion'
-.t!i.' >
[1, ,I 1
E/CN. 14/AMA/29 Annex X(b)
Page
9
-/ JJL
of our nBtural resources. There are even many instances wh~re
•
~,
African countries have very little knowledge of the extent of their natural resources, let alone their full or sufficient utilization.
Granting, t.h e r ef oi-e , that the other sectors of our economic activities pursue their assignments with the same enlightened
and r e a l i s t i c approach as t h e African C e n t r - a L Banks: the
traditional and modern responsibilities laid on the latter especially those relating to (l) the balance of payments
equilibrium, (2) the pr?motiQn of higher economic growth, and (3) the achievement of full employment, will not prove so
onerous~ as at first appear. And i t is my humble opinion, which I believe may be shared by many, that the continuance of this Training Co ur-se in the future will, in all cer ta Lnt y , further help to lighten the burdensomeness, if not the
gravitYn of those responsibilities~
Rith these few remarks. I have the great~st pleasure in
\ '
declaring this First AACB's Training Course, held in Nigeria in 19701t open"
"; U 1.41 SX
E!CN ,14!AMA!29 'Annex X(0)
ADDRESS Of' DR.· W. KATAM, ECA [,EPRESENTATlVE AT OPENING CEREMONY OF THE FIRST ACRTC
LAGOS, 5 OCTOBER 1970
~r. Commissioner, Your Excellencies,
Honoured Gue-sts,
Ladis and Gentlemen,
•
It is for me truly' a great honour and privilege to represent the United Nations Economic Commishion for Afri~a at this first training course of the Assosication of African Central Banks.
First of all, let me convey to you the best wishes of the Executive Secretary of the Commission for a successful outcome to this Course and the work done on it, and to express in
particular to the Central Bank of Nigeria the .tha nk s of the Commission's secretariat for the efforts made and the heavy burdens borne in
the course. The
the interests of a proper organization of Course, organized by the Central Bank of Nigeria an d the Economic Commission for Africa, represents in fact the fruits of the persevering work by the Central Bank of Nigeria for the promotion of this important idea since the earliest meetings of the African monetary authorities. it is also one of the first manifestations of the co-operation brought
<,
about under the aegis of the Ass o ci atLo n of African Central Banks." It is therefore a realization of the hopes which have
',,-".
'-been expressed that the activities of ~he Association may soon attain its 'aims of increasing the efforts made by African
for the warm and
/ '
of Nigeria to the generous welCome extended by the Central
countries to co~o~erate in monetary matters and of strengthening the bonds which uni~e them.
I wish finally
~'express
sincere thanksparticipants and members of t~is Course, and 1 thank you, Mr. Commissioner, Your Excelle~'cies, ::ionoured Guests, Ladies and Gentlemen, for your kind attention.
•
ASSOCIATION OF AFRICAN CENTRAL BANKS
• •
E/eN.14/AMA/29
Annex XI
CERTIFICATE OF COURSE PARTICIPATION AFRICAN CENTRAL BANKS TRAINING COURSE
THIS IS TO CERTIFY THAT
having completed the African Central Banks Training Course held at Lagos,
, ,
Nigeria by th~ Central Bank of Nigeria in collaboration v ;th the United Nations Economic Commission for Africa for the period' 5 October to 13 November :.970, and having satisfied the requirements of the Course, is
hereby aw~rded this Certificate of Participation this .. , •• , day of .••.. , 197
Chairman,Associationof Executive Secretary Central Banks; Governor United Nations Economic Natrional ,Bap~ of~thiopia Commission for Africa
l..
" . . . . O f ! ' · . . . . e.~,;"~""•• o
Course Principal,
Dir:·ct~·".,"1' of Research,_ , , ' , . Central Bank of Nigerla
• 0'B 0 C .. ., .. ~ .. '. . . . " . . . " .. ~ 0 . . . . ,. . . . " . . . o . . . . . '~·.~ • • • •
~
;11
I 'I
i : I 11 aJUC
E/CN.14/AMA/29 Annex Xn(a)
\ t
Notes for Cha~rmen of Syndicates
1. The task of planning, directing and executing the work of the syndicate is the responsibility of Syndicate Chairmen, who are to exer-ci.se the authority usually expected of those in. such positions. In short, th.ey. are to "ee that,
(i) the task of the syndicate is properly p Ianned and completed within the time a'L'lo.cated ,
(ii) every member of the syndicate is allowed to contribute his experience and views on the subject during group discussions, The Chairman is expected to draw into participation those
syndicate members who appear slow or shy to speak.
(iii) the report of syndicate discussions and conclusions represent a consensus of the views of thes,yndicate as
a
body, and not the opinion or views of a few members. In other words the final report ,has to be one that is acceptable to or supported by members collectively.2. The brief states the yroblem to be covered. A report is to be submitted embodying the' discussions and conclusions of the Syndicate.
Important and relevant points which would go into the report should be stressed, and irrelevant details avoided during discussions. The Secre-tary is responsible for drawing up the report in acceptable, grammatical and business-like language.
3. The report should reflect the consensus of views and opinions of
~the Syndicate members. Significant differences in views should be
reflected in the report. The' Chairman is expected to see that the report embodies the highest and scholarly level of thought, and not a compromise document reflecting mediccre thinkin6 just for the sake of a consensus.
The Syndicate is to proiiuce a report of the highest quality in terms of the deptp.· of thought and presentation.
4.
The limitation on the number of words permissible is the maximum.A good report in fewer words will be acceptable.