Activities undertaken after the conference of finance ministers on the establishment of the African Development Bank : a progress report

UNITED NATIONS

tCONOMIC AND

Distr.

LIl'lITED

n!CN.14!ADB!24 12 December 1963

L

SOCL!'\L COUNCIL ^Original,

^~NGLISH

:llCONO~IIC COMMISSION FOR AFRICA

Committee of Nine on the

Prepara.tory 'fork of the African Development Bank Second session

Addis Ababa, 13-18 December 1963 Provisional a.genda item 3

63-4446

ACTIVITIES UNDERTAKEN AFTER THE CONFERENCE OF FINANCE MINISTERS ON THE ESTABLISHMENT OF THE AFRICAN DEVElOPMENT BANK

A progress report

E/C}!.14/ADB/ 24

ACTIVITIES Ul'~D~"1RTfJt~N .ti"?T.~n TII3 CONF:C:~jarc: CP FI}ir .. NCE I':IFI,3TERS

ON '['!i:.; ;::3:i'~\.BLISlLlJi)NT OF1'H":' Ai!'RICAN DJi]V':;WPbuHT BAllE:

A progress report

(by the Zxecutive Seoretary)

1. At tho first session of the Committoe of Nin~ hJld in Khartoum at the beginning of August 1963, an immediate programme of work was proposed.

This onvisagGd: (a) aotion to be taken by th~ sooretariat to follow up the progress in tho signing of tho Agroement and its subsequent ratification;

(b) tho colleotion of basic mat~rial for the preparation of drafts called for under paragraphs 1 (b) and (c) of Nsolution 3 (se)o Annex ); and (c) the consideration of technical assistance schamGs called for under paragraph 1 (d) of the same resolution.

2. The original text of the il.gre"ment ';stablishing the Afrioan Development Bank, approved and opened for signature by the Conforclnce of Finance

Ministers in Khartoum, was transmitted to tho Secretary-G0naral of thG United Nation;; in Now Yorlc on 3 September 1963 in accordance with Article 63 of that Agraament. It ;rnl remain open until 31 DeoGlnbGr 1963 for signature by gov'~rnnDnts of Statf)S eligiblJ for meobership ;;hich did not sign the Agre~ment at th0 Conference in Kha.rtoum.The Secratary- GClneral, appointed "Depositary" by virtud of the Agr(;om(mt, aCkno1<lGdged, on 19 Soptembvr 1963, reoeipt of its original and of the Final Act of the Conference.

3. On 4 SeptembGr 1963, tho ;Jx:lCut1v" Seoretary informed all African

governments that the Agreemvnt had bean depositdd with the Secretary-General and invited those governments which had not yet signed to do so in the office of the Secretary-Genera1 in New York. At the same tima, be reminded Signatory Governments that, pursuant to Artic13 64 of tho Agreemont, the Agreement was subject to ra.tification or aoceptance and that appropriate aotion taken by govClrnments concerned to expedite such ratification would undoubtedly result in an oarly entry into foroe of the Agreemont and hasten

::::/Cll.14/AD B/"1

PJ.gc :;~

AfricA.D grlv')rnmcnts which ha~ .. not bGI3!". able. to attend the Confcrclnce to infor,,,.::,,". of thll re6ul t6 and conclusions reached in Khartoum"

4. ~» dB t,a, the following g()varnm.::;nts ha.ve signod the Agr3emant in addi^wo• tion to tholO:e whioh did so in ,1.ne:r:toum,

"

~n

S

')ctober Camaroun

un

29

NOv.:3f!1ber Gonga (Brazzaville)

.Gn ⁽³ Octob"r ll;l.homey

On

25

^{October Niger}

')n 18 October Togo

':i'his l?,ringsthe numb,H" of Signatory Gov,arnments up ·to .twent;v~sev"n out of 33 31:giblQ governments.

5, _"lthough a . number of African represantativ3s attending the IBRD-IMF me'0ti:1,gs held at th,e. beeinning of October in liqsh~ngton had not,ified,the 'Jni telL. Nations officials that their hls.pective gov3rnm(mts '''"re in the T,·oc',s3 nf ratifying thG Agreement, the ~xecutiv", Secr(ltary desirad .to

l'3er:l 2. .li ttle m07G det:.;.il about the position of eaoh individual country.

E&:dng ';oep informed that at the end of Ootober only the Gov0rnment of

S1;.c.J~'1a-i.dercE::,tied the instrument of ratification, he addressod a note tc t;1h' GffaQt to all Signatory Governments.-

,S.A t the time this paper "as issued, tho foll.awing replies had bear.

ret'2j.-; ::Jd~

Ti",

Gov(lrnm<1nt of Tanganyika informed that "the .instrument of ratifi'J3-

tiN: ;,as sienod by the Prcsid.mt of the; Republic of Tanganyika on the 14th GctobvI' ::'963 anci ;:as depositad with the Secratary-Gon'lral of the United lia',ionc ^;):1 the 27th NovGmb·ar 1963".

~h6 Governoent of Guinea had transmitted the instrument of ratification of th_ AgrGoTI6.n Establishing the African Development Bank to the JX<loutive Secr;;":,,ry, who semt it on 11 Nov"mber 1963 to the office of the Secretary-.

Gel'10Tal in N.:l'l York for deposit.

'rl10 Govarnm'cnt of K,mya inforIn()d that "i t is the intention of the rCenya Gc.vGl'n.llGnt to ratify thl.7 Agreomant ^{* • • •} a.s soon as pcssible .•. ^c

E/Cli.14/ADB/24 Page 3

All legal formalities are expected to be completed immediately after Inde- pendence and before the and of tha year",

Tho Governments of Dahomey, Senegal, Somalia and Togo indicated that action is being takan to ratify the Agreement.

Officials from CamClroun, }figeria and Ghana informr,d that the Agroement had been ratified by the respectivd parliaments, Informal information received from ,3thiopia and Morocco indioates that tho ratifioation of 'the Agreement is at present under consideration by their respective parliaments.

7.

I t was folt that the results and oonclusicns of th8 Confarence of Finanoe Ministers in Khartoum should be made known to a large number of governments, international organizations and institutions as well as to publio and private banks and financial concerns. This ought to be done particularly with a view to investigating possible avenues for future colla- boration between the African Development Bank and other institutions and.

organizations paTforning parallel functions and intGrsstad in development activities in Africa. To this end, a ^doc~~ent comprising a summary of the work of the Conference and its Preparatory Moeting and raprodu~ing the text of the Agreement and other diplomatic instruments, including the Final Act adopted by the Conference, was prepared immediately after tha Khartoum

meeting.

lI

It was dispatched to all African

governm~nts,

non-African govern- ments previously visited by the Committee of Nine at the time of the ela- boration of the text of the Agree~ent, and oth~r non-African governments which had sent observers to the Khartoum Conference, United Nations Special- ized Aganciss and Regional Commissions, international and regional financial institutions, central and leading commercial banks and finance corporations in America, Asia, :8urope and the Far :';ast.

S. At the same time, it was felt that a document of that size would hardly command the full attention of policy-making porsonalities or busy business- men and that, therefore, an alternative mediw~ had to be devised in order to reach the greatest number of people. Consequently, a brief note was

y

E/CN.14/n:;AIl/39

Jll/CN.14/ADB/24 Pa.ge

4

prepared summarizing tho main features of the African D0velopment Bank and giving a briaf account of the results of thJ Conference. This note was distributed togeth3r 1<i th the document already mentionod in the preceding paragraph. I t was also address8d to "he DirGctor-G·anClral of the Inter-

national Labour Offic,,; Director-GGne!'al of thz F'ood and Agriculturo Organiz- ation of the Unit~d Nations; Diracto!'-G~n3ral of the United Nations Jduca-

tional, Sciantific and CuI tura1. OJ.'lJ;ani:;ation, Director-G,m'Jral of the ,/orld Health Organization; President of tho International Eank for Reconstruction and Development; Presidant of the Intornational Finance Corporation; Presi- dClnt of the IntClrnational Duvelopment Association; Chairman of the 3xecutive Board and llanaging Director of tho International !.lom!tary F\md; PresidClnt of the Council of tho Intarnaticnal Civil Aviation Organization; Director of the Universal Postal Union; Secrotary-G')ll.3ral of the World Meteorological Organization; Secretary-GClnoral of the Intor-Covarnm":1tal I.iari time Consul t- a ti ve Organization; Diroctor-G-:)lleral of the Intorna tior .. l Atomic :Jn8rgy Agency; ~xocutiva Secratary of th" Interim Commission for the International Trade Organization; :Jxecutive SecI'Cltari"s of tho t;1, Regional Commissions;

Residant ReprGsontatives of ~ha 1TIi T3chnical Ascistance Board and Directors of SpGcial Fund ProgrammCls; Directors of Ul; Information CClntres in ordor to obtain the support and publicity nB0J.ed..

9. Publicity Was undoubtedly rbq~ired at di=ferent lavels. Governmont officia.ls, bankars, economic and fir . .l.Lcial opGra;';ors, scholars, rosearch and technical people, business men and irr;G:otcIo :1ari to be infcrmed according to their own nellds. Thus it was dccidod to take tho fo::.lowing imm03diate action:

(a) to publish the Agreement 8 . .3 " booklet and put it on sale through the United Nations salos agents (dccwnen·' D/c:r.14/ADB/36);

(b) to prGparo the; "TravalL1: p:-ep3.ratoires" gi":ing an account of the work of tho Ccr.u:li -!;-!;eCl of Nine a~1d. t:le various 3tops taken in the drafting of the Agreoment, including summary records of the

Confer(lnoe and its Prcpa:>:;.tory Meoting (documont ::J/Cli.14/ ADB/34);

(0) to draft a com~l'a~,te<i outline of tho AgrJement with a view to ClX- plaining, in loss legal torms, the provisions of the Agreement, outline possible operational linGS lIb.ich th<.l Bank may follow after its establishment, and investigate aV8nucs of aotivitiCls the Bank may undartake and. perform (dooument ;J/Cll.14/i\.DB/30).

3/cr(..14/AIJB/24 Page 5

Upon approval by the Committea,. the publications under (b) and (c)

,li11

be published and.put on sale throughthc United Nations sales agents.

I t

is believed that this 1fillprovide adequatepublioi tyat all levels and intro- duce the Ballie's name in financial and legal publications.

10.

Paragraph

1

(b) of resolution

3,

adopted by the Conferenc0, request'id,' the' Committee of NinG "to deviso, ini tiato

_{1 '}

implement or supervise admin- ., istrative arrangements or measures preparatory to the actual establishment of tho headquarters of that Bank or relating to its oommunications or other services, installations and facilities, to its appointe.ent procedure or to housing its staff". Since no dGoision had been taken by th .. Confer<1nce'oon- ccrning the ,seat the principal offico of the Bank, only li- mited action could be taken in furtherance of this specific request.

11.

It was thought that material oould be assembled on the experience "' gained by other internatior.al organizations on certain aubjGct matters, and.

that ccnsideration could be giver. to scme of the prcblems which the future management of the Bank will. face as soon as the seat will have been selected.

Pertinent documents will be available for the memb8rs of the Committee in the near future.

12. Pursuant to paragraph 1 (c) of resclution 3 which requested the

Com~

",' mittes of.Nine "to draft for (the) Bank its headquart3rs agreement, loan and:

guaranteCl regulation", arbi tration procedures, gen(;ral by-laws, agreements with other international, regional or national

o!,g4Ili!'ll

tiolJl3, and institu-

tions, its sta:f:t' rulas and regulations as Vlell as other legal instrum3nts or arrangements which may promote or advance an early establishm311t of (the) Bank and the effective commencemont of its operations and other activities", the following files wore establish0d with a vi0w to colhcting all pertinent available data and information:

(1)

(ii) (iii)

(i";')

the agreem0nt for the establishm'3nt of the Bank's hoadquarters;

the administrative and organizational structUr') of the Bank;

staff rules and regulations;

loan and guarantee regulations, arbitration procedures, general

by-laws;

E/CN.14/ADB/24 Page 6

(v) agrGements for th8 Bank's co-operation ;lith other international,

~Ggional and national organizations and institutions;

(vi) the financing of the Bank's initial operations;

(vii) technical assistance re~uired by th~ Bank at its outset.

13. Material for file (i) w~s assembled from the United Nations Bead-

~uarters, the Food and Agricultur.; Organization of the United Nations, the United Nations ;Economic Commission for Latin America, the United Nations Economic Commission for Asia and the Far ~ast, the Uni t()d Nations :::;conomic.

Commission for Africa and United Nations ~ducational, Scientific and Cul- tural Organization.

14.

Organigrams and administrative instructions for filG (ii) were recei'"- ved from-the- Bank for International Settloments, ifuropean :::conomic Commu- nity, European InvGstment Bank, IntGr-American. Development Bank, Inter- national Bank for Reconstruction and Developmont, International Development Association, International Finance Corporation, Organization for Economic Co-operation and Development, and the Unitod Nations.

15 • . Staff rules and regulations in force or under consideration by the International Labour Office, North Atlantic Treaty Organization and Organiz- atign for African Unity, in addition to the institutions and organiz.a tions mentioned in the preceding paragraph were assemblad for fi Ie (iii).

16. Copies of loan and guarantee regulations, arbitration procedures and general by-laws in use' by -t-ha :European Investment Bank, the Inter~Am~rica'n

Development Bank and the International Bank for Reconstruction and DevGlop-·

ment and its affiliated agencies >lere gathered.

17. Subse~uently, the material assembled for ^~ach file >las analyzed and appropriate discussion papers prepared for tho benefit of the Committee.

These papers have bJen drafted with a view to calling the attention of the Committee to some of the main problems which tho future management of the Bank will face. Reference is mado, whenGver appropriate, to corresponding situations and provisions in already existing similar international organ- izations. It is hoped to finalize the papers on the basis of the Committee's discussions and its additional instructions and guidance.

"

:C/CN .14/ADB/24

?aB'e 7

18. Th~se papers .are:

(a)

(b)

(c)

(e)

(f)

(g) (h)

The Headquarters A,,;'Teemel'.t of the African Development Bank:

=

Outline of its Guiding Principles and tiain Contents (F/C~I.14/ALB/29) •

Proposals on the General Structure of Services of the African D~velopment Be.nk (E/CN .14/AIlB/25).

Proposals for Drafting Staff Rules and Regulations for the African Development Bank (E/C~i .14/ADB/26).

Proposals for Drafting General By-Laws for the African Development B~~k (E/CK.14~~B/27).

?reliLlinary Draft Ger.eral Regulations for the African DeveloPll1ent Bank (E/C]{.14/ADB/27/Add.I).

Preliminary Draft Rules of Procedure of the Board of Governors of the African Development Bank (E/CN .14/ADB/27 /Add.2).

Preliminary Draft Rules oi' Procedure of. the Board of Directors of the African Deve 1 opmer. t Bank (E/CN .14/ADB/27 /Add. 3).

A lfote or: Terms of Service ^01'"1 Goverr:ors, Di:!:'ect~s and their Alternates of the African Development B~~ (E/C1T.14/ADE/27/A<id.4).

Hegulations enacted cy SOTIe L~terY'.ational ?inance Orcar,izations and Institutions (Z/CN.14/AlJB/27/Add.5).

19. Because of limited time at tte disposal of the secretariat, at'.d due a Iso to sorr.e tecl-nical difficulties, it was not possible to finalize proposals for loan and guarantee regulations and arbitration procedcres. Ttey will, however, De dispatched to ",emDers of the Committee ofeTine in due course.

20: ilith re~erence to possicle agreemer.ts and arrangements, tte Bank r.ay er.ter into in order to establish working relationships and co-operat::on with other

ir~t;erna ti.onal, regional and na tione.l orgaYlizations and ins

ti

tutiorlS, i:, Vias thought that since there were yet no specific ~netructions from the COlTlld.ttee of Nine on the subject, the drafting of appropriate instruments had to be postponed u."til the Comlnittee had a chance to express its views. A few considerations and proposals worked out by the Secretariat on this subject will nO'.' be given orally to the Comrr,ittee.

21. C'be Cor.:rr:ittee, at its first meeting, requested the Executive Secretary to give, inter alia, some thought to paragraph 1 (d) of. resolution

3

which specif:'cally reques-:ed the Committee "to discuss, st'Jdy and prepare schemes for tech.:1ical assistance which the BanK may require upor. its inception". It is :felt, however, that thin ce,n be better discussed in relation to

a

possible

ElaN .14/AIlB/

²

4

Page S

struc~ure of services for the ~~k which the Committee way wish to propose.

Tliere is no doubt that the Earle will need some technical assistance to organize its administrative structure as well as to run SOL~ of its services in the early stages of its activities. At this stage, h~lever, ~ery little can be

done. Action ':las been taken. to se.cure tile advice and assistance of the IEfill, tLe IADB, and ~he United Nations Headquarters ,in drafting some of ~he financial and legal instrurr.ents the Bank may need to carry out its activities from the outset.

Assurances have been received fron: the United llations ?echnical Assistance Board for financing the recrui ~",ent of experts needed to undertake the prejpra-

~ory work as "~Jell as to advise the future [-resident of the Bank, when elected, on the imnedia te administrative and organiza tio..~al retters. Several non-African governments, banks and re1r1onal finar.cial institutions r.ave notified their

'willingness to ^trair~ Junior staf: !:19-mbers of the futuxe Bank 3.nd to assist the Dar:k ir: its period of organization.

22. Thus, the Goverr.rr:ent of Pakistan signified that it is ready to provide trairdng facilit'les for personEel of the proposed Africar. Development Bank.

For this purpose, the Paki~tan Industrial Credit and Invsst~nt Corporation (PIC:C) have agreed to ~rain three car:dida~es to be nominated by the African Development Bank i:!l the field of ?inancial AnalYSiS, Market Research and

[-roject mgineerir:g. The required qualifications for the proposed candidates are Master's degree Or equivalent i:!l Economics and an gngineering degree

(mechanical or chemical) respectively for the above-mentioned subjects. The PIeIC further agreed that the trair.ing period for eacr. candidate will be three months, which has been considered adequate. The trainir.g programme will be

f~alized as soon as a formal request from the ADD is received.

23. The Deutsche Bundesbank of ~:Iest Germany informed the Secretariat tr.at it is willLDg to place its services at the disposal of' the Africa:!l Development Bank for the trainL'lg of suitable personnel for

me

ner! institution.

24. The rcpo-esentative of the ,~lnited States Govcrr.ment, at the Conference of the A:'ricar: Finance ;:inisters b Xhartoum, stated that tis Government

was wHlir:g to assist in carryinG out the '10rk prejpratory to the fL'1Hl establish- ::lent of the African DeveIop::lent Bank. 'i'his offer vias later renewed by the

D~pe,rtmer.~ of State which agreed to finar.ce the trave I and trainir.g in the United States of several African junior professionals.

E/CN .14/ AllB/24 Page

9

25. The President of the International Bank for ReconstructiOn and Development, Mr. George D. Woods, in his message to the Conferenoe of AC'ricar. Fir~nce I:inisters announced thEct the ;7orld Bank 7io'.lld ::telp t::te ADB icc whatever ways possible to build up a qualified staff <lIld t::tat were ready

:0

take a few rr.embers of the future staff of the IJJE, or prospective members of its staff, to nork nUh the World Ba'lk for two or three years.

26.

At an bformal meeting held in rrashington at the time of the IBRD/Th'IF meetir!gs on

3

October

1963

by African members, officials of t::te IBRD indicated, among other things, that the World Bank would be of assistance in the selection of personnel of the ADB and t::te ler,ding of its perso21:'lel for terr.porary periods and ,also reiterated t:'1ewillingness of that Ba'lk to lUldertake t::te training of AIlE personnel in WaShington.

27.

The representative of the French Go-... ernment,

se

the Conference of African Finance Ministers held in Khartoum, stated that hin government was prepared to take into consideration any eventual de!11B.nds for technical assistance in the establishment and future working of the African Development Bank. In this connection, on 17 October

1963,

the Executi','e Secretary sent a letter to the French Government explain .. ng the r.eeds of the ADE for trained personnel in its administrative and operatior~l departne~ts. In the sane letter, the ~xecutive

Secretary expressed the desire to know whether the zTeClch Government was dis posed to give assistance 1..'1 this :field and, i f so, under what terrr.s and conditions.

28. Officials of the British I;mbassy in Addis Ababa have been in touch with the Secretariat and have indicated the k:?en interest of their goverr",ments :ill

assistir.g th~ A.DB both in the work preparatory to its establishment and at the time of cOl!L"lence1ll3nt of its operatiocs,

29. Paragraph 1 (e) of the resolutioT'_ req:clested the Corrn;ittee of Jiine "to

d~vise, initiate, prepare ar~ implerr~nt such other arTangemenos or measures as nay be necessary or deSirable in furtherance of (the Ba.nk's) purposes,

consistent with the provisions of (that) resolution". T.bdc::- this sub-paragraph, the Executive Secretary may consider and suggest a variety of activities which, in his view, could help the early commencement of the Bank's operations and facilitate its business. Since, rcowever, there is no clear indication yet of the length of time which will elapse between the signature of the Agreement and its coming L'lto force and there was ~o 6uidance from the Committee On this

E/CN .14/ADB/24 Page 10

matter, i t was not possible to launch any schemes which, by their very nature, require a substantial period of time; in fact, activities were limited 'to those which would require a rather short period.

30. It was felt that some thought should be given to the problem of securing possible candidates for the Bank's staff. In this connection, a letter was addressed to African governments on

17

October

1963,

asking them to indicate candidates who could eventually be released or seconded to the Bank, and to forward their respective curriculum vitae. At the same time, a separate note was dispatched to TAB Resident Representatives in Africa requesting them to investigate possible junior professionals, clerks, typists and general service people available in the countries under their jurisdiction, and to advertise in the local "ress.

31.

Up to the date of issue of this paper, four replies have b~en received from gove~ments and two from Resident Reprcsm1tatives, ar~ in response to the advertisements inserted in various local papers by the Resident Representatives, 903 applications have been received. These applications have been scrutinized and classified in the follOWing order:

Clerk 403

Book-keeper

217

Typist

99

Miscellaneous 41

Junior B'lSiness ProfessiOl' ... l

-..4i

Total ~~\U

About half of these spplications do not appear worthy of serious consideration, as they come from people whose qualificaticns are patently inadequate. Another

25 per cent of the applicants are borderline cases; and, considering the high calibre of staff needed to operate the Bank, this group also could be eliminated.

This would leave appraocimately 200 applicar.ts, that is about 25 per cent ^of the

total, who might be qualified for various positions.

lI

E!CN.14!ADB!24 Page 11

32. With referer.ce to the applications :received so far and to the possi"oiC-ity of takor.g advantAge of facilities offered for training suitable cfL'1didates for the Bank, the Secreta:riat will n0\7 seek cOF.Qents and instructions f::-om the ComH,ittoe as to appropriate :lOti en to be undertaken.

11

Followi,,,, is a discussion of each catsG'o:ry:

ea) Typist: There appears to be an adoqw.te numbe::- of o.ualified typists seeking e:np2.oyment with the I3ank.

(b) Clerk: There is a surfeit of applications fo::- the position of clerk.

l'':Tany applicants have assi.llr.ed tL.at a position as clerk mear~s a job as bank teller or cashie::-. I'lany applicar:ts who joave virtually r"o qll8.lifications at all have beer. relegated to the clerk category.

There is, hrnv8ve=, a fai!- number of applicants with suitable Ciualifica- tions, even for clerical positior,s with a great deae. of responsibility.

(0) Book-keeper: The!'e is a considerable Y'1ll11ce!' of appe.icants 'loob.fied for positions as book-keepers or accountants. EOlvever, as wi tll the

other categories, there is a high pe:rcentage of those who wish to becnme book-keepe!'s who do r.ot seem to possess the necessary q\lali- fications.

(d) Junior Business ?rofessional. Of the forty-three ap1)licants listed ir"

this category, about twenty seem to be likely car.didates for such positior:s.

(e) 1'.Iiscellan2ous: 2:n this oate[ory there are :nany applicar~ts who applied .":or jobs not. listed in tlle adve!'tisell'.ent, such as driver,

tclephol1G operat:or, t:essenger and so forth.. HO',7evcr, in this category have been placed sl3veral persons who seem to be over-(palified fo::- tr.e positions listed in the advertisenent1 and miGht "be suitable for better positions in the Bar~.

•

•

ANNEX

E/ CN .14/ ADB/24 Annex

page 1

PREPARATORY '10M FOR THill ESTABLISHMENT OF THE AFRICAN DEVELOPMEl<T BAIOC

Resolution 3 adopted by.the Conference at its final Plenary Session on 4 AugQst 1963

The Confer<lnce,

CONSIDERING the Agreement ::;stablishing the Afri".",n DeV1310pment Bank and the time limit set for the ratification as provided under A!'tiole 64 of that Agreement;

In order.to facilitate the rapid establishm~nt of the Bank and pending the ratification. of that Agreement,

1. REQUEST3 the Committee of Experts of Nine Members e"t:lblish8d by Resolution j2(IV) of the Economio Coml4ission for Afrioa to oarry out the following funotions,

(a) To establish and maintain oontaot lfith the 3ignatories of the Agreement in order to ^ad~~noe its ratifioation, and to consult ,.,i th the authorities in African countries lfhich have not signed the Agreement concerning the p088ibili ty of their signatUl'G and

ratification thereof or aocession thereto;

(b) 'To devise, initiate, in:plement or suparvi se administrative ar- rangements or measures preparatory to the actual establishment of

the head~uarters of that Bank or relating to its commur~cations

or other services, installations and facilities, to its appointment procedura or to housing its staff;

(c) To draft for that Bank its headquarters agreement, loan and guarantee regulations, arbitration procedures, gendral by-laws, agreements for its co-operation with other international, regional or national organizations and inatitutions, its staff rules and regulations as woll as other instruments or arrangements which may promote or advance an early establishment of that Bank and the ef10ctive commenoement of its operations and other

activitiesl

E/ CN .14/ ADB/24 Annex

page 2

(d) To discuss, study and prepare sohem8s for technical assistance which that Bank may require upon its inoeption; and

(e) To devise, initiate, pr0pare and implem8nt such other arrangements or measures as may be necessary or desirable in furtheranoe of its purposes, oonsistent with the provisions of this Resolution.

2. REQUESTS the Executivo Secretary of the Economic Commission for Afrioa to afford all the assistance requirJd by tho said Committee of Nine for oarrying out the fUnotions defined above; and

3. HAVING

BSEN INFORMED by the Exeoutive Seoretary that the oost of the preparatory w~rk is about US $20,000 to 30,000 a month .. hich cannot be d8frayed by the present budget of the Economic Commission for Africa;

RECO~mENDS that their respeotive governments oontribute to the cost on the basis of the assessments whioh shall bd made by the Exeoutive Secretary in consultation with the Comr .. i ttGe of Nina.