The Sixth Annual Meeting of Governors of the African Development Bank (B.A.D.) began in Fort?
The Sixth Annual Meeting of Governors of the African Development Bank (B.A.D.) began in Fort Lamy, Chad, on Tuesday (25 Aug).
President Francois Tombalbaye of Chad opened the meeting. 31 Governors, representing the Bank's member states, African observers from Associate Member countries, and a team of international observers, were in attendance.
After welcoming the delegates to Chad Mr Tombalbaye urged international organisations to increase their aid in fields where B.A.D. could not completely carry out its obligations. During the opening session the Governors were told the Bank had triumphed over numerous problems and had an impressive record of development aid. The Bank was nevertheless warned to face the considerable tasks and problems likely in the future.
On the agenda for the Council of Governors was the nomination of members to the new steering committee, the possible renewal of the administrative council whose mandate expires in November, and the adoption of the annual and financial reports.