Establishment of an African payments union and a Pan-African clearing system

Abstract

This draft resolution 13 (VII) adopted by the commission at its 125th plenary meeting on 22 February 1965 on the establishment of an African payments union and Pan-African clearing system. The resolution considering the results of the United Nations conference on trade and development held at Geneva and the rapid economic development of the African continent as reflected in the establishment of the East African common market, the Chad basin commission, the Inter-state committee for the development of the Senegal River basin, the Equatorial customs union and the West African customs union and the accelerate progress of the Maghreb countries towards economic integration.