• Short Summary

    THE ESTABLISHMENT OF AN AFRICAN DEVELOPMENT BANK WAS THE PRINCIPAL REASON FOR A MEETING OF AFRICAN MINISTERS OF FINANCE WHICH BEGAN IN KHARTOUM ON WEDNESDAY.

  • Description

    THE ESTABLISHMENT OF AN AFRICAN DEVELOPMENT BANK WAS THE PRINCIPAL REASON FOR A MEETING OF AFRICAN MINISTERS OF FINANCE WHICH BEGAN IN KHARTOUM ON WEDNESDAY.

    DELEGATES WERE WELCOMED BY PRESIDENT ABBOUD WITH THE WORDS: "I AM HAPPY TO SEE YOU MEETING IN KHARTOUM TO TRANSFORM A FULL CHAPTER OF THE ADDIS ABABA CHARTER INTO PRACTICAL REALITY".

    AFTER THE ELECTION OF OFFICIALS, A REPRESENTATIVE OF THE PRESIDENT OF THE WORLD BANK ADDRESSED THE FINANCE MINISTERS. HE SPOKE OF THE INTERNATIONAL INTEREST THE PROJECT HAD AROUSED, AND PROMISED THE ASSISTANCE OF THE WORLD BANK. AN OFFER OF FINANCIAL AND TECHNICAL ASSISTANCE, AS WELL AS HELP IN TRAINING STAFF, ALSO CAME FROM THE UNITED NATIONS.

    IT IS HOPED THAT THE AFRICAN DEVELOPMENT BANK WILL HAVE A CAPITAL OF 200 MILLION DOLLARS COLLECTED FROM AFRICAN SOURCES. THE IMMEDIATE ROLE OF THE BANK WOULD BE TO STIMULATE INVESTMENT RATHER THAN ENGAGE IN INVESTMENT ITSELF.

  • Tags

  • Data

    Film ID:
    VLVA4PS921M2XRLIOKJV3XDK5FM2U
    Media URN:
    VLVA4PS921M2XRLIOKJV3XDK5FM2U
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    02/08/1963
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:10:00
    Time in/Out:
    /
    Canister:
    N/A

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