UNITED NATIONS
ECONOMIC AND
SOCIAL COUNCIL
Distr.
LIMITED
2 August 1963 Originals ENGLISH ECONOMIC COLiIuIoDlOiv FOR AFRICA
Confor-.;i:co of Finance Ministers on the
-3stablishmont of an African Development liank Khartoum3 31 July - 9 August 1963
I^T SUBMITTED BY TEL UNITED ARAB BolFUBLIC
CO1IC..R1OTG ARTICLE 7 OF Till DRAFT IBJTOCOL TO THB
Appointment and Duties of the Truatoo
Previous toxt
(1) This Protocol shall como into
effect as soon as it has boon signed on behalf of twelve Signa tories of the Agreement whoso initial subscriptions, as sot forth in Annex A thereto,, in aggregate comprise not less than sixty-five per cent of the
authorized capital stock of tho Bank, iach Signatory Government shall apply the Provisions of this Protocol from tho effective date or fron tho date of its own signature - whichever is tho later date - as if this Protocol had been ratified or accepted.
(2) The Depository of the Agree
ment shall communicate tho effective date to the Signatory Governments,
Now Toxt
(l) This Protocol shall enter into
force upon the deposit of instru ments of ratification or accept
ance by twelve Signatories of the Agreement whose initial subscrip
tions, as set forth in Annex A thereto, in aggregate comprise not loss than sixty-five per cent of the authorized capital stock of the Bank. Lach Signatory Government shall apply tho Pro visions of this Protocol from tho effective date.
(2) The Depository of tho Agree
ment shall communicate the effective date to the Signatory Governments.
