Assembly/AU/Dec.109 (VI)
DECISION ON THE ESTABLISHMENT OF A PAN-AFRICAN STOCK EXCHANGE
AND ON THE ESTABLISHMENT OF A FUND WITHIN THE AFRICAN UNION
TO MITIGATE THE EFFECTS OF THE INCREASE IN OIL PRICES
ON THE AFRICAN COUNTRIES
(Doc.Assembly/AU/8 (VI)) Add.5 and 6
The Assembly:
1.
TAKES NOTE of and WELCOMES the two proposals of the Great
Socialist People’s Libyan Arab Jamahiriya for the establishment of a PanAfrican Stock Exchange and on the establishment of a fund within the
African Union to mitigate the effects of the increase in oil prices on the
African countries;
2.
COMMENDS the Great Socialist People’s Libyan Arab Jamahiriya for its
initiative which is an expression of its solidarity with countries of the
Continent that are experiencing economic difficulties as a result of the oil
price hike.
3.
DIRECTS the Chairperson of the Commission to take necessary measures
to convene a meeting of Experts to consider the two proposals and to
report thereon, with specific proposals, to the 7th Ordinary Session of the
Assembly in July 2006.