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2. Agreement establishing the African Development Bank

Khartoum, 4 August 1963

 

Entry into force: 10 September 1964, in accordance with article 65.
Registration: 10 September 1964, No. 7408.
Status: Signatories: 31 ,Parties: 52.
Text: United Nations, Treaty Series, vol. 510, p. 3, and vol. 569, p. 353 (corrigendum to vol. 510). 

Note: The Agreement was approved and opened for signature by the Conference of Finance Ministers on the Establishment of an African Development Bank convened pursuant to resolution 52 (IV)1 of the United Nations Economic Commission for Africa. The Conference was convened at Khartoum from 31 July to 4 August 1963. For the text of the Final Act of the Conference, see United Nations, Treaty Series, vol. 510, p. 3.

 

 

PARTICIPANTS


Participant  Signature  Ratification, Accession (a) 
Algeria  4 Aug 1963  10 Sep 1964 
Angola2    9 Jan 1981 a 
Benin  8 Oct 1963  25 Aug 1964 
Botswana2    31 Mar 1972 a 
Burkina Faso  21 Nov 1963  22 Sep 1964 
Burundi2  4 Aug 1963  2 Jan 1968 a 
Cameroon  8 Oct 1963  7 May 1964 
Cape Verde2    15 Apr 1976 a 
Central African Republic2  4 Aug 1963  26 Aug 1970 a 
Chad2    26 Aug 1968 a 
Comoros    3 May 1976 a 
Congo  29 Nov 1963  10 Feb 1965 
Côte d'Ivoire  4 Aug 1963  20 Mar 1964 
Democratic Republic of the Congo  4 Aug 1963  5 Jun 1964 
Djibouti2    12 Jul 1978 a 
Egypt  4 Aug 1963  14 Sep 1964 
Equatorial Guinea2    30 Jun 1975 a 
Ethiopia  4 Aug 1963  14 Jul 1964 
Gabon2    31 Dec 1972 a 
Gambia2    2 Jul 1973 a 
Ghana  4 Aug 1963  30 Jun 1964 
Guinea  4 Aug 1963  21 May 1964 
Guinea-Bissau2    5 May 1975 a 
Kenya  4 Aug 1963  24 Jan 1964 
Lesotho2    2 Jul 1973 a 
Liberia  4 Aug 1963  23 Jun 1964 
Libyan Arab Jamahiriya2  4 Aug 1963  21 Jul 1972 a 
Madagascar2    3 May 1976 a 
Malawi2    25 Jul 1966 a 
Mali  4 Aug 1963  23 Apr 1964 
Mauritania  4 Aug 1963  9 Sep 1964 
Mauritius2    1 Jan 1974 a 
Morocco  4 Aug 1963  2 Jun 1964 
Mozambique2    4 Jun 1976 a 
Niger  25 Oct 1963  29 Jul 1964 
Nigeria  4 Aug 1963  12 Mar 1964 
Rwanda  18 Dec 1963  18 Jan 1965 
Sao Tome and Principe2    14 Apr 1976 a 
Senegal  17 Dec 1963  11 Sep 1964 
Seychelles2    20 Apr 1977 a 
Sierra Leone  4 Aug 1963  18 Feb 1964 
Somalia  4 Aug 1963  22 Oct 1964 
Spain  13 Feb 1984  13 Feb 1984 
Sudan  4 Aug 1963  9 Sep 1963 
Swaziland2    26 Jul 1971 a 
Syrian Arab Republic    14 Sep 1964 
Togo  18 Oct 1963  3 Jul 1964 
Tunisia  4 Aug 1963  29 Oct 1964 
Uganda  4 Aug 1963  16 Dec 1963 
United Republic of Tanzania3  4 Aug 1963  27 Nov 1963 
Zambia2    1 Sep 1966 a 
Zimbabwe2    5 Sep 1980 a 
 

 

NOTES


1. Official Records of the Economic and Social Council, Thirty-fourth Session, Supplement No. 10 (E/3586, E/CN.14/168), p. 44.


2. Article 64 (2) of the Agreement provides that a State may, after the Agreement has entered into force, become a member of the Bank by accession to the Agreement on such terms as the Board of Governors may determine; that the Government of such State shall deposit its instrument of accession on or before a date appointed by the Board, and that, upon the deposit, the State concerned shall become a member of the Bank on the appointed date.

Following are, in respect of each acceding State, the number and date of the pertinent resolution adopted by the Board of Governors of the Bank. In all cases, the terms for accession included the payment of the first instalment of its initial subscription to the Bank by the State concerned and, unless otherwise indicated, the appointed date corresponded to the date of deposit of the instrument of accession with the Secretary-General:

Participant  Number of Resolution  Date of Resolution 
Angola  3-80  23 Jun 1980 (Appointed date: 23 June 1980) 
Botswana  9-71  28 Jul 1971 
Burundi  4-67  31 Dec 1967 
Cape Verde  02-76  15 Apr 1976 
Central African Republic  3-70  26 Aug 1970 
Chad  2-68/   25 Jun 1968/  
  3-68  26 Aug 1968 
Comoros  05-76  3 May 1976 
Djibouti  01-78  1 May 1978 
Equatorial Guinea  03-75  5 May 1975 
Gabon  8-72  20 Jul 1972 
Gambia  2-73  2 Jul 1973 
Guinea-Bissau  02-75  5 May 1975 
Lesotho  3-73  2 Jul 1973 
Libyan Arab Jamahiriya  13-72  21 Jul 1972 
Madagascar  06-76  3 May 1976 
Malawi  2-66  19 Apr 1966 
Mauritius  4-73  2 Jul 1973 
Mozambique  07-76  3 May 1976 
Sao Tome and Principe  01-76  28 Feb 1976 
Seychelles  01-77  31 Mar 1977 
Swaziland  6-71  26 Jul 1971 
Zambia  6-66  15 Aug 1966 
Zimbabwe*  04-80  23 Jun 1980 
* Pursuant to the resolution of the Board of Governors (No. 04-80 of 23 June 1980), the Agreement is deemed to have taken effect retroactively for Zimbabwe as of 23 June 1980, upon completion of all the necessary conditions and receipt of its instrument of accession by the African Development Bank. 


3. The Agreement was originally signed and the instrument of ratification was deposited on behalf of Tanganyika. Following the formation of the Union between Tanganyika and Zanzibar under the name of the United Republic of Tanzania (see note 1 under "United Republid of Tanzania" in the "Historical Information" section in the front matter of this volume.), the Government of that country submitted a declaration to the African Development Bank to the effect that "it assumes the membership in the ADB both as regards Tanganyika and Zanzibar, and desires the Bank to give effect to this extension and to increase its subscription by one million units of account". The said declaration was considered by the Board of Governors of the African Development Bank at its first plenary session on 4 November 1964. In resolution No. 3 adopted on the same date, the Board of Governors, having expressed the desire of giving full effect to the extension of membership of the United Republic of Tanzania, decided, inter alia, that the subscription of that country to the capital stock of the ADB should be increased by one million units of account, half of it to consist of paid-up shares, and the other half of callable shares; and that the extension of membership of the United Republic of Tanzania should take effect upon the payment to the ADB of the first instalment of its initial subscription to the paid-up capital stock as provided in the resolution. The Board further took note that, upon the extension of its membership, the United Republic of Tanzania would have 1,255 votes.