Home Stamps Commemorative Stamps 1987-1988 Inauguration of Africa Fund (click for stamp information)
Inauguration of Africa Fund (click for stamp information)
Inauguration of Africa Fund (click for stamp information)

Product Details
Product Name
:
Inauguration of Africa Fund (click for stamp information)
Issue Date
:
25 January 1987
Denomination
:
650
Category
:
Description
:

The 8th Conference of Heads of State or Government of Nonaligned Countries held in Harare in September, 1986 expressed its grave concern  over  the  continuing  deterioration  of the situation in Southern Africa. The Summit regretted that instead of heeding the call of the international community to eradicate apartheid, the racist regime had stepped up its oppression and subjugation of the disenfranchised and dispossessed people of South Africa  through the imposition of the state of emergency and other repressive measures.

 

The Summit renewed its abiding commitment to the eradication of the pernicious system of apartheid. It was reaffirmed that the imposition of comprehensive and mandatory sanctions against South Africa in accordance with Chapter 7 of the Charter of the United Nations was the only peaceful option to compel the racist Pretoria regime to abandon apartheid. Pending adoption of comprehensive and mandatory sanctions, the Summit recommended a number of measures for implementation by the International community. It was noted with satisfaction that at the London Review Meeting of the Common wealth Leaders, six countries, including three from the Non-aligned Movement, had agreed to impose a number of economic measures against South Africa.

 

As a concrete measure, the Summit resolved to establish the AFRICA Fund with the following objectives to strengthen the economic and financial capability of the Front-line States to fight the apartheid regime of South Africa, to support the liberation movements in South Africa and Namibia; to assist the Front line States to enforce sanctions against South Africa and to cope with any retaliatory action by the racist regime. AFRICA Fund stands for Action For Resisting Invasion Colonialism and Apartheid, Fund.

 

The nine-Member Fund Committee consists of India (Chairman), Zambia (Vice-Chairman), Zimbabwe, Nigeria, Algeria, Congo, Yugoslavia; Peru and Argentina.

 

Source : Information Folder issued by Indian Posts & Telegraph Department, Government of India

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