Resolution on the International Fund for Agricultural Development

Jurisdiction
African Regional Bodies · African Union (AU)
Citation
CM/Res.515 (XXVII)
Date
3 July 1976
Language
English
Type
Generic Document

CM/RES 515 (XXVII)

Page 83


RESOLUTION ON THE INTERNATIONAL FUND FOR AGRICULTURAL DEVELOPMENT


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


Recalling Resolution (XXIII) of the World Food Conference and Resolution 3503

(XXX) of the United Nations General Assembly;



Noting however that the target of $1,000,000,000 (One milliard) has not been reached mainly due to the failure of the developed countries which have not committed themselves to the total of their contribution of $600,000,000 (Six hundred millions);


Noting that member countries of OPEC have pledged their contribution for

$400,000,000 (Four hundred millions);



  1. EXPRESSES its appreciation for the results so far achieved for the creation of the International Fund for Agricultural Development;

  2. EXPRESSES it appreciation and thanks to the member countries of OPEC for their contribution to the Funds as a testimony of solidarity with the developing countries;

  3. VIEWS with concern the restrictions and conditions set up by the developed countries to their contributions;

  4. INVITES all governments of developed countries to show a political will by increasing their contributions to allow the rapid establishment of Funds;

  5. REQUESTS the Secretary-General of the United Nations and the president of the World Food Council to spare no effort with a view to solving existing problems so that the IFAD becomes a reality and operational as quickly as possible.

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