Report of the committee of nine concerning the terms of service of governors and directors of the African development bank and their alternates

Abstract

Under the terms of para. 1 (c) of resolution 3 on Preparatory Work for the Establishment of the African Development Bank, adopted by the Conference of Finance Ministers in Khartoum at its final plenary session on 4 August 1963, the Committee of Nine was requested to draft for the ADB, among others, the General By-Laws of the Bank as well as other legal instruments which may promote the effective commencement of its activities. The Committee has carefully examined the prospective terms of service of Governors and Directors of the ADB and their Alternates. It examined, in the first place, whether from the point of view of the ADB Agreement or because of the actual requirements of the Bank it would be necessary for its Directors or Alternates to reside at the place of its Principal Office.