Report of the joint study team on the establishment of a subrgional trade and development bank for Eastern and Southern Africa

Abstract

The study was undertaken by the three organizations indicated above and presented to the joint session of the fourth Meeting of the Lusaka MULPOC Council of Ministers and the second Extra ordinary Conference of Ministers of Trade, Finance and Planning held in Maseru, Kingdom of Lesotho, from 18 to 21 January 1981. As a result, the Ministers reached a consensus to the effect that the scope of the functions of the proposed bank should be widened to include the financing of trade and directed the EGA to undertake an additional study on trade financing within the sub region as an addendum to the main study „ The ministers also directed that the main study and related addendum should be submitted to a meeting of expert officials from Central Banks and Ministries of Finance of the sub region for their in-depth consideration. The study and the addendum were presented to the meeting of experts from Central Banks and Ministries of Finance held in Addis Ababa from 12 to 16 May 1981.