CM/Res.1128 (XLVII)
RESOLUTION ON THE PROGRAMME AND BUDGET FOR THE FINANCIAL YEAR 1988-89
The Council of Ministers of the Organization of African Unity, meeting in its Forty-seventh Ordinary Session, in Addis Ababa, Ethiopia from 22 to 27 February 1988,
Having considered the report of the Advisory Committee on Administrative, Budgetary and Financial matters on the management of the finances of the Organization during the period 1986-87, Document CM/1459 (XLVII),
Having examined the recommended programme and budget of the General Secretariat for the financial year 1988-89, Document CM/1458 (XLVII) Rev. 1,
Desirous of ensuring sound financial management in the Organization,
Aware of the difficult economic and financial conditions prevailing in all OAU Member States,
Deeply concerned about the ever increasing arrears of contributions due to the Organization’s operating budgets and the need f or urgent steps to be taken to resolve this very pressing problem which, if not resolved, could paralyze the activities of the General Secretariat:
CONGRATULATES the OAU Current Chairman on the positive initiatives he has continuously taken to encourage Member States to pay their arrears and their contributions to the current budget;
COMMENDS member States which have fully paid up their assessed contributions and APPEALS to all Member States which have not yet done so to pay their contributions;
TAKES NOTE of the work done by the Board of External Auditors and the Advisory Committee in appraising and monitoring the financial and management activities of the General Secretariat;
ENCOURAGES the Secretary-General to continue the efforts he has embarked on to promote greater efficiency in the management of the Organization’s financial, material and human resources;
APPROVES the 1988/89 programme and ADOPTS the Budget of US$25,029,744.00 for the operations of the Organization for the financial year;
AUTHORIZES the Secretary-General to implement the budget and, in consultation with the Advisory Committee on Administrative, Budgetary and Financial Matters, to resolve all administrative and financial issues contained in the Committee’s Report and recommend ations within the ceiling of the approved budgetary expenditure stated in paragraph 5 above in accordance with the Financial Rules and Regulations.