Draft report of the preparatory meeting to the conference of finance ministers on the establishment of an African development bank

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UNITED NATIONS

Ec!ONOMIC AND

SOCIAL COUNCIL

Distr.

Limited

~/('.. "4/F'L' _'~'4

.01 vr, •.l' "1"l.b/~

25

Jul;)"

1963

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DRAFT

REPvRT l)¥' THE PllijP.L·u~..T0RY ~\Gii'fI}-,'-cI '".2,J THE

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llliAR-63-88

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•

o

A :;j(34ting (;.f senior ofiiGi~ls a.nd G.t:p0.rts prGJ!c~.r0,ie,rty to ~:: Confsre.nco

ot:

Finc.nCl' l\Tinist<Jrn on ti:\J Gstcblishm6n-t of evn .African Ddyol("-'l))l;unt Bank

'laS hoLd in Kh2.rtoum from 11) to 25 July, convened. by tho Executive Sc-cr"tar:;

'Jf the Econom.i o Conru s si cn fOT _h.fric~, in 2Dcord~.nc0 vIith COln.mission r~801utiGn

52 (IV).

Th·::; follo.?ing countrLc swer e I'8'pres.;.,nted~ AID0ria, Camez-oun , Contral AfrLcan .Rc:publie, Ch,:,d., Congo (Br·c.1zz&.vil10), Congcl(L,eopcldvillG), Dah omcy , Ethivpia, :Jha!l:~, G'.lin2.,J" KGnya, Li1J'3ri2, Libya, Mad.agascar, Mali, Maureta,:~iu"

Hu.uritius , Morocco, Nig8ria, SL::1Hjt;~1, Sor.luli~~:, Sudan, 1'anaganyika, 'Iun.isi a , Ugi1.uda, Uni ted Arab rf..::"publil'> , Z,:i.,~1z;ibar. ':Chd fol1~Y..ring countr i.e s ^3GUt

obSerV8L'S' Ik1cium, Czoc!oc,lloY:..kia, }'rcmca, India, Ito.ly, !I.sthvrlo.nd", Swudcln, Swi t.zer-Land , Union of Soviut Socic.list R()publi0s, Uni teci Kin~;doLi,

Uni t0d Stut0S of Amer Lca , rl1hB f ul1owincl' orbD.n.iz,~tioD8 also 86nt obS0rvers:

Afro-Asic;.n OrgE.ni2c~tionfor Economic Co-opc-r:ction, UN Spccci:,l Fund, FAG, UNESCO•

.Iitit;.: opening 'J8ssiou tbo PI'lJpaL'", tory I\lveting '\liar.; Ll.ddrass0d by H.E.

SayGd Abdol E!..a.jid Al'J.med, Minister of Finanoo .uid Econocies of

tt8

R~public

8f SUd,m, unci by the roprc-8cmt:ltiv8 of the Jc::;(ocu-civ·,: Secr8t::ry of the" UIi Economic Cocil:lission fur jl..f'.rica. 'rh0 tdxt ')f th(dr s t.atemerrt s is reproduced

in Appendix A ~nd Appond.ix B rvvpoctiv01y.

At its first _Gl0..',.,:; t i n ,g , "LnG Prap::;.rc,.tory i~hJ8tinf:;' adupted r0sclution Nc,.l (000 AnnGx

1)

rGGomm0nding

th,.:, 'Ruler:;

of

Procoduro

for tbo Confer\Jnc0 u.f Financo Ministurs ,,:,nd "JbT(;)oing to bu gu"r'3rncd by tb.u Si1r:.:0 Rulos of Pr-c.codur e insof:..lT as th0Y ^'IfGl'G C1f',pli cab L« •

.Mr. M. t1EHEIHY (SUQCLn) was e.l8ct~d Ch.;.irman and 1\11'. G. MJ1.I-tZOTJt{ (UAR)

and M.r. K.AlJDE (S0n8gal) WGr(~ o Loot cd Vi c8-Cho,irmen.

In accor-dance wi tIl tho Rulo;::; of Pr oc.xrur-e , a StGoring CommittiG8,

a Drafting Ccmmi,ttoo, a Cot.rri.asd.on on Capit.a.L Subsoriptionr; and a

Commission on Int0rim Arranger,10nts ^fOT tho Bunk snd i t:3 1<Jcationlv'ure set