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African Development Bank

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Distr.

E/CN.14/EES/96" (VI)

29 February 1964

Original* ENGLISH/

.FRENCH

ECOHOHIC COMMISSION FOR AFRICA Sixth session

Addis A."tyaba, 19 February - 3 March 1964

. ■ AFRICAN DEVELOPMENT BAITK

Resolution 96 (vi) adopted by the Commission at its Illth Plenary

" Meeting on 23 ffe'orv.' ry 1964 ;;-:'-:-

Determined to hasten economic and social development in Africa by means of concerted actian ajnong African States-, . . :: -

Considering the necessity of accelerating the establishment of those institutions which, because of their nature and functions, may serve in the promotion of harmonious co-operation in the field of development finance in the region,

Realizing the importance of uaki'n^ the economies of the African countries increasingly complementary in order to bring about an orderly development of their industries, together with an expansion of their trade,

fi that the establishment of the African Development Bank may usefully serve these ends,

Recalling the desire expressed by the African Heads 01" States at their meeting in May of 19^3 in Addis Ababa for "the rapid establishment of the African Development Bank",

Having roted "with satisfaction that the Agreement establishing the African Development Batik was adopted by ;\ Conference of Finance Ministers

called xor in resolution 52 (IV) of 1 March 1962 and has now been signed

by thirty countries out of the thirty-three eligible for membership,

64-1028

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E/CN.14/RES/95 (VI)

Page 2

, Having considered the Executive Secretary's progress report on the activities undertaken by the Committee of Nine on t.e work preparatory to

the establishment of the Bank,

1. Urftes all signatory Governments to expedite the ratification of the Agreement and deposit of the instrument thereof with the Secretary- General of the United Nations thus enabling the entry into force of the Agreement and the consequent early commencement of the Bank's activitie; ■

...V- ... ..2,- --■ ■•-Expresses- Its-gratitude- to -the Committee -of'&ifte -for -the work undertaken and to the Sxe&u44ve-Secretary-and--lile-: secretariat for the active role played ana the assistance afforded to the Committee in the preparation of the ground for an early functioning of'the Bank?

3» Invites member countries to remit -Iheir contributions' "already-

due to the Executive Secretary for the preparatory work as pledged at the

time of the "Conference of Finance Ministers in Khartoumv":' '■«"'-' ■'

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