Report of the fourth session of the committee of Nine

Abstract

The Committee of Nine, entrusted by the Conference of African Finance Ministers with the work preparatory to the establishment of the African Development Bank, held its fourth session in Addis Ababa from 13 to 17 July 1964. The Committee reviewed the status of contributions by African Governments to the preparatory expenses. It noted that, as of 13 July 1964? US$ 241,200 had been contributed by twenty-two countries nine other States had not yet contributed. In this connexion it was decided that all governments which had not yet paid be asked to meet their obligations by paying the first two installments which had been called. As regards certain countries which had already paid the third installment although this had not been called by the secretariat, the Committee expressed the view that those governments should be reimbursed and informed accordingly.