UNITED NATIONS
ECONOMIC AND SOCIAL COUNCIL
LIMITED
S/CN.14/AMA/43
9 August 1973
ENGLISH
Original: FRENCH
ECONOMIC COMMISSION FOR AFRICA
Third Regular Meeting, of the Association
of African Central Banks Lagoe, 20-24 August 1973
document
and adopted i
advisability of 2.
considered
y the "oretariat of views on both the
f
provisions of the Association?8, j? oo't"^"" aS^"* J"
expenses which might be inn If * ^Proximate estimate of the
establishment of fspecial™t Tj\ ^ ^ need f°r the
Association's activities? et exPenses involved in the
that. a^x^^^r^t^
by annual contributions from members
that ^Ta^untofi
US dollars per me.ber ba^
to rev.sion, „ retired, at
Assooi^i°» financed
£}?■ "- one thousand
°f
lu is wofed as follows: ^ araounts
organizing meetings of the Issoci'til f^V^ 6XpenSes Evolved
any other committee of the Associ tinJ ^ Executive Committee or training courses.' If the available ? h ,"1S° oon*'"ute towards
M73-1856
■*.
E/CN.14/aMa/43
Page 2
. Association's objectives on both the African and world-wide levels and the recommendations adopted at the level of Ministers and Heads of State and Government in Africa.requiring the-Association to undertake studies and establish certain arrangements reveal "the need to expand the activities of the Association. This expansion, which will take many forms, wii.1 no doubt involve the Association's common- fund in ever greater expenses. It is therefore probably
timely to start giving thought, in accordance with the provisions of ■ paragraph (b) of the decision of the Assembly of Governors to revising and increasing the annual contributions which were fixed at 1,000 US
dollars per member.
7- In the opinion of the Assembly of Governors, the amount of the annual contributions might be increased to }.000 "dollars. The new rate would take effect- as from 1^74 and .would be paid during the fourth quarter of 1973, The. first sentence of paragraph (b) of the decision ' o±the Assembly of Governors'would be .amended accordingly.
.8. Furthermore, in order to identify and expand the fields of
activity of the Association to which resources might, be allocated •*
from the common fund, paragraph (d) of the decision of the Assembly
..r-o-r-Governors will oe amended as follows: '
11 (.d) The amounts available in the common fund will help to
defray the following expenses:
(i) Organizing meetings of the Association, the Executive
Committee and my other committees established by the Association for specific purposes;
1. (ii) Organizing seminars, courses and any other" training ■■
programmes of the Association; ■
(iii) Hiring consultants- and experts to carry out work ■ •
relating to the activities of the Association.
If the available funds dp not suffice to cover the expenses foreseen or incurred, the balance outstanding will be shared
equally among- the members". ■ " snarea
