Committee on the programme of work and priorities : provisional summary record of the second meeting

Abstract

The Executive Secretary said that work had started on the project, which had been conceived in Pursuance of resolution 27 (III) of the Commission. A group of experts had met on two occasions and had finished its work on 15 December with the adoption of recommendations. On 19 December 1961 the General Assembly had adopted a resolution emphasizing the necessity of setting up Regional Banks in Africa. It was to be noted that the Commission Resolution referred to a single bank, whereas the General Assembly in its Resolution envisaged several regional banks for Africa. They had therefore to choose between1 the' two texts. Project 02-10 belonged to the category of special priority projects and had been completed; the Commission must therefore come to a decision so as to enable the Secretariat to resume its study of the question.