Resolution on OAU Fund for Assistance and Cooperation

Jurisdiction
African Regional Bodies · African Union (AU)
Citation
CM/Res.479 (XXVII)
Date
3 July 1976
Language
English
Type
Generic Document

CM/RES 479 (XXVII)

Page 12




RESOLUTION ON OAU FUND FOR ASSISTANCE AND CO-OPERATION



The Council of Minister of the Organization of African Unity, meeting in its Twenty- Seventh Ordinary Session in Port Louis, Mauritius, from 24 June to 3rd July 1976,


Having considered the Report of the Secretary General contained in Doc. CM/765 (XXVII);


Aware of the need to maintain an effective solidarity amongst its Member States,



DECIDES:



  1. To create an OAU for Assistance and Co-operation;



  1. The Fund will be composed of a regular provision equivalent to one fifteenth of the Ordinary Budget of the OAU;


  1. It will comprise all the other existing OAU Funds created for the same and similar purpose;


  1. That the fund will be managed by the Administrative Secretary-General of the OAU, The Advisory Committee on budgetary and Financial matters and in conformity with the Financial Rules of the Organization of African Unity.

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