France has definitely pulled out of the International Conference of African, French and Malagasy States on Insurance Supervision.
France has definitely pulled out of the International Conference of African, French and Malagasy States on Insurance Supervision. This was confirmed on Monday (23 July), the opening day of the twenty-seventh session of the conference, held in Abidjan in the Ivory Coast. France has withdrawn so that the organisation can become completely African. And, according to the President of the conference, M. Abdulaye Kone, who's also the Ivory Cost Secretary of State for the Budget, this would mean a re-orientation of the organisation's goals. Thirteen states belong to the conference, all of them are in French speaking Africa.
SYNOPSIS: The twenty-seventh session of the African, Malagasy and French Insurance Control Association opened on Monday in Abidjan. The President was the Secretary of State for the Budget in the Ivory Coat, M. Abdulaye Kone.
France had decided to withdraw from the Association and the other delegates were officially told of this on the first day. The announcement was made by M. Kone who said it would mean a re-orientation of their goals.
He explained that France had decided to pull out because she wanted to allow the Association to become completely African. The thirteen remaining member countries are in French speaking Africa.
Besides the delegates from these countries also present were representatives from Mali and Zaire, and from the African Banque of Development, and the United Nations Conference on Trade and Development, along with representatives from major insurance companies operating in Africa.
It was explained that the withdrawal by France would not be total; but she would be disengaging herself from the policy-making structures. The Director of Insurance in the Ivory Coast, M. Victor Mobioh, had said before the Conference began, that French assistance would still be needed.
The conference is scheduled to continue until Thursday and delegates will consider the creation of are-insurance pool. They'll also be preparing for a meeting of the Board of Directors for the Yaounde Insurance Institute, which is due to begin courses in the Autumn.