The Liquidation Committee was created by Resolution R.E/02 of the 5th Extraordinary Session of the General Assembly, held in Rome, 27-29 April 1988. The Resolution called for a stop to all IBI activities starting from 29 April 1988 and for the eventual dissolution of the Organization. The Liquidation Committee was composed of representatives of five member states of the IBI (Italy, Bolivia, Côte d’Ivoire, Madagascar and Tunisia). The Committee met for the first time during the 5th Extraordinary Session. It carried out its work until November 1988 when, according to its mandate, it convoked the 6th Extraordinary Session of the General Assembly of IBI from 28-29 November 1988 to confirm the complete liquidation of the Organization.