• Short Summary

    M. AUGUSTE DENISE, IVORY COAST MINISTER OF STATE, OFFICIALLY OPENED THE THIRD ANNUAL ASSEMBLY OF?

  • Description

    M. AUGUSTE DENISE, IVORY COAST MINISTER OF STATE, OFFICIALLY OPENED THE THIRD ANNUAL ASSEMBLY OF THE COUNCIL OF GOVERNORS OF THE AFRICAN DEVELOPMENT BANK WITH THE WISH THAT "THE BANK WILL SOON BECOME THE ESSENTIAL INSTRUMENT AND THE PRINCIPLE LEVER OF OUR CONTINENT'S ECONOMIC PROGRESS".

    THE MEETING, WHICH LASTS UNTIL AUGUST 25, WILL EXAMINE THE FINANCING OF SOME 40 DEVELOPMENT PROJECTS, INCLUDING A RAIL LINK BETWEEN CENTRAL AND EAST AFRICA PRESENTED JOINTLY BY ZAMBIA AND TANZANIA.

    THE BANK WAS FOUNDED IN 1964 AND BECAME OPERATIONAL IN JULY 1966. IT HAS JUST LENT 2.3 MILLION U.S. DOLLARS (ABOUT GBP820,000 STERLING) FOR ROAD CONSTRUCTION WORK.

    ALL THE BANK'S 29 MEMBERS, WITH THE EXCEPTION OF GUINEA WERE REPRESENTED AT THE OPENING MEETING WHICH WAS ALSO ATTENDED BY OBSERVERS FROM INTERNATIONAL FINANCIAL ORGANISATIONS.

    AT THE OPENING MEETING M. JEAN MARIE KONE OF MALI WAS ELECTED PRESIDENT OF THE COUNCIL OF GOVERNORS FOR A FURTHER YEAR.

    ONE OF THE MAIN TOPICS FOR DISCUSSION WILL BE THE FATE OF COUNTRIES, SUCH AS THE UNITED ARAB REPUBLIC, THAT HAVE NOT PAID THEIR SHARE OF THE FOUNDING CAPITAL. BECAUSE THE NUMBER OF VOTES ALLOTTED IS BASED ON THE AMOUNT OF PAID-UP SHARE CAPITAL IT IS EXPECTED THE U.A.R. WILL LOSE SOME OF ITS VOTES.

  • Tags

  • Data

    Film ID:
    VLVA3K3QLQBPE4FUG5YKAL3UA36FA
    Media URN:
    VLVA3K3QLQBPE4FUG5YKAL3UA36FA
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    23/08/1967
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:02:57:00
    Time in/Out:
    /
    Canister:
    N/A

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