held at the Sudanese Parliament House, Khartoum, on Saturday, 27 July 1963, at 9.30 a.m.
Chairman: Mr. M. BEHEIRY (Sudan).
CONTENTS:
Further Consideration of the Draft Protocol on Interim Arrangements (E{CN.14{FMAB{20).
Consideration of the Report of the Commission on Interim Arrangements and the Location of the Bank (E{CN.I4{FMAB{22 and Add. I).
Other Business.
Consideration of the Draft Report of the Preparatory Meeting to the Conference of Finance Ministers (E{CN.I4{FMAB{24).
Closing of the Preparatory Meeting.
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-FURTHER CONSIDERATION OF THE DRAFT PROTOCOL ON INTERIM ARRANGEMENTS (E/CN.14/FMAB/20).
The CHAIRMAN, having held informal con-sultations, put to the Meeting two possible alter-natives:
(1) Contributions to the Interim Arrangements to remain as in the existing draft, but voting in the election of the Chief Executive and the Advisory Committee to be conducted on the basis of one country-one vote, with the requirement of a four-fifths majority.
(2) The basis of contributions to the Interim Arrangements to be changed from a ratio of 1:4 to equal contributions by each country, to be fixed at $20,000, with the principle of one state-one vote. Voting ordinary to be on the basis of a simple majority, but in the case of the election of the Chief Executive and the Advisory Committee, a two-thirds or higher majority to be stipulated.
The former alternative had the advantage of retaining the maximum external matching contri-butions; in the latter case there was a risk of losing
$800,000.
After a break for further consulation, the CHAIRMAN announced that agreement had been reached to the effect that contributions to the Interim Arrangements should be on a basis of 20 :40; and that voting for the Chief Executive and the Advisory Committee should be conducted on the basis of one country - one vote, but that the elections required a two-thirds majority.
CONSIDERATION OF THE REPORT OF THE COMMISSION ON INTERIM ARRANGEMENTS AND THE LOCATION OF THE BANK (E/CN.
14.jFMAB/22 and Add.l)
Mr. BENNANI (Morocco) introduced the re-port, which was approved pending discussion on the location of the Bank. He stated that no formula regarding the location had been generally accepted;
the majority of the Commission had wanted the matter to be referred to the Ministers of Finance.
Mr. MOALLA (Tunisia), at the request of Mr.
REES (Kenya) elaborated on the reasons why the three North African countries (Algeria, Tunisia and Morocco), had decided to put forward the candidature of Tunis as the seat of the Bank (docu-ment circulated).
Mr. REES (Kenya) said that he was opposed to the principle of trying to eliminate other candi-dates on the basis of the distribution of centres.
On a point of detail, Nairobi had been mentioned as a centre of operations of the Commission for Technical Co-operation in Africa (CCTA). CCTA had its headquarters in Lagos but conducted some of its operations from other capitals, as stated in
document E/CN.14/FMAB/16/Rev.1. Nairobi was only one of those capitals.
Mr. NGANDO-BLACK (Cameroun) thanked Mr. MOALLA (Tunisia) for inadvertently pleading the cause of Yaounde by his stress on that town as a centre of the U AM and OAMCE. He trusted that the secretariat was circulating all the information supplied by delegations concerning possible locations for the Bank. It was pointless to try to lay down criteria; the question was a political one and would have to be settled at that level.
Mr. AHMED (Sudan), stressing his country's interest in the Bank from the very beginning, drew attention to the pamphlet prepared concerning Khartoum.
Mr. MUKASA - SSENTONGO (Uganda) re-called that there had been some support in the Commission for the idea that, when the nine candi-dates were referred to the Ministers, they should be backed by, say, eight sponsors.
Mr. BENNANI (Morocco) agreed that Mr.
MORGAN (Liberia) had made that suggestion; but no formal proposals had been adopted .On behalf of his own delegation he formally withdrew Morocco's candidacy and expressed support for Tunis.
Mr. TINOR (Central African Republic) put forward some arguments in favour of Bangui as the seat of the Bank (document circulated).
Mr. BRAHlMl (Algeria) expressed support for Tunis.
Mr. KWATENG (Ghana) stated that his de-legation maintained the candidature of Accra.
Mr. KASONGO (Congo (LeopoldvilIe)) drew attention to the candidature of Leopoldville.
Mr. ATTIGA (Libya) and Mr. MARZOUK (United Arab Republic) drew attention to data on Tripoli and Cairo respectively.
Mr. MOALLA (Tunisia) felt that as experts the Preparatory Meeting might have done more to narrow the field on the basis of geographical dis-tribution or suitability.
Mr. AKINRELE (Nigeria) opposed the view that the Commission had not done its work thorough-ly. It had gone into the technical questions relating to criteria and narrowed them down. The candidates could now be considered by the Ministers in relation to the criteria.
It was decided that the question be referred to the Conference of Finance Ministers.
OTHER BUSINESS.
The CHAIRMAN said that the secretariat had drafted a telegram which could possibly be sent to the Finance Ministers reporting on the experts' work. This was read out.
After some discussion it was decided that, at that late stage, the telegram would not serve a useful purpose.
CONSIDERAtION OF THE DRAFT REPORT OF THE PREPARATORY MEETING TO THE
CONFERENCE OF FINANCE MINISTERS
(EjCN.14jFMABj24).
The report was adopted with a jew corrections.
Mr. MARZOUK (United Arab Republic) felt that mention should be made of the fact that Mr. HORTON (Liberia) had made a statement in his capacity as Chairman of the Committee of Nine and that it should be appended to the report.
Mr. GEASLEY (Rhodesia and Nyasaland) stated on behalf of his Government that it had always supported the principle of the Bank and wished to he associated with the conclusions of the Preparatory Meeting.
CLOSING OF THE PREPARATORY MEETING.
Mr. NGANDO-BLACK (Cameroun) and others expressed warm thanks to the Sudanese Govern-ment for its hospitality.
Mr. AHMED (Sudan) and others thanked the secretariat for its work.
Mr. M'KHAITTRAT (Mauritania) and others expressed appreciation of the Chairman's patient leadership as well as the work of the Chairmen of Commissions.
Mr. MORGAN (Liberia) paid a special tribute to the Chairman for bringing the Meeting success-fully through a temporary crisis.
Mr. DIGUIMBAYE (Chad) stressed that votes of thanks to those concerned should be conveyed from the Preparatory Meeting as such separately from any subsequent messages from the Ministers' Conference.
Th. Chairman declared the Preparatory Meeting closed.
The Meeting rose at 1.00 p.m.
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-SUMMARY RECORD OF THE OPENING SESSION AND OF