The coffee and cocoa industries of the Congolese People's Republic will get an injection of 750 million dollars in development money.
GV EXT International Conference Place, Libreville
GV INT President and Mrs. El Hadj Omar Bongo enter conference hall
MV PAN Cameroun and Canadian delegates seated
MV President Bongo addressing conference
MVs Delegates from West Germany, Algeria, Spain, United States and Ethiopia (2 shots)
Mvs Delegates at main table listen as President Bongo continues address (2 shots)
MVs Delegates of Mauritania, Switzerland, Sweden, Listen (2 shots)
MV President Bongo speaking
MV Delegates from Zambia and Zaire, Belgium and Saudi Arabia listening (2 shots)
GV PAN Delegates applaud as President Bongo leaves podium
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Background: The coffee and cocoa industries of the Congolese People's Republic will get an injection of 750 million dollars in development money.
SYNOPSIS: The agreement covering this aid was signed at a conference of the African Development Bank and the African Land Development organisation in Libreville, the capital of Gabon on May the first. The President of Gabon, El Hadj Omar Bongo, opened the conference in the city's international conference palace. Coffee and cocoa have for years ranked ninth and tenth, with static production, in the Congo's agriculture.
President Bongo told the meeting, of delegates from sixty-six countries in Africa, Europe, North America and the Middle East, that the African Development Bank should make its capital available to countries outside Africa. He said that, if this did not happen, there would be a gradual decline in the bank, to the detriment of all member countries. This forecast became the main topic of wider access to the bank's money was eventually adopted, with only out countries. Ethiopia and Uganda, opposing it. In another very different vote. Djibouti was admitted as the hank's forty- eight full member.