Financing of Economic Development

A/RES/1219(XII)No PDF available

Who created this mandate?

A Resolution of the General Assembly, published in 1958.

What other versions does this mandate have?

2 versions · 1958–1966

This is an older version — the most recent is A/RES/2087(XX)

1966A/RES/2087(XX)Financing of economic developmentLatestCompare with previous version
1958A/RES/1219(XII)Financing of economic development

Versions are identified automatically by matching titles within the same organ (~97% accuracy on a manual audit).

What subjects does this mandate have?

11 topics

Administration Conference and Meeting Services Development Assistance Economic Development Establishment Funds Members Project Identification Technical Cooperation Terms of Reference Training and Research Institutions

What does this mandate say?

13 operative paragraphs

II

Decides that, subject to the conditions prescribed hereunder, there shall be established as an expansion of the existing technical assistance and development activities of the United Nations and the specialized agencies a separate Special Fund which would provide systematic and sustained assistance in fields essential to the integrated technical, economic and social development of the less developed countries,

Decides further that, in view of the resources prospectively available at this time, which are not likely to exceed $100 million annually, the operations of the Special Fund shall be directed towards enlarging the scope of the United Nations programmes of technical assistance so as to include special projects in certain basic fields to be defined by the Preparatory Committee provided for in paragraph 4 below, for example, intensive surveys of water, mineral and potential power resources, the establishment-including staffing and equipping-of training institutes in public administration, statistics and technology, and of agricultural and industrial research and productivity centres;

Considers that while, without impairing the separate identity of the Special Fund, the fullest possible use should be made of the existing machinery of the United Nations, the specialized agencies-including the existing international financial institutions-and the Expanded Programme of Technical Assistance, the Special Fund will require some new administrative and operational machinery ;

Decides to establish a Preparatory Committee composed of representatives of sixteen Governments to do the following, taking into account the principles set out in the annex to the present resolution and the views and suggestions forwarded by Governments pursuant to paragraph 7 below:

Define the basic fields of assistance which the Special Fund should encompass and, within these fields, the types of projects which should be eligible for assistance;

( b) Define in the light of paragraph 3 above the administrative and operational machinery to be recommended for the Special Fund, including such changes as may be required in the present legislation and procedures of the Expanded Programme of Technical Assistance ;

( c) Ascertain the extent to which Governments would be willing to contribute to the Special Fund;

Invites the President of the General Assembly to appoint the members of the Preparatory Committee;

7 Ibid., Twelfth Session, Annexes, agenda item 28, documents A/3579 and Add.1. • Ibid., document A/3580.

Invites the Secretary-General to provide the Preparatory Committee with all the necessary facilities, including the provision of such expert consultants as might be required ;

Requests Governments to assist the Preparatory Committee in its work by forwarding their views and suggestions to the Committee through the Secretary- General and, in particular, by indicating the extent to which they would be willing to contribute to the Special Fund;

Invites the Secretary-General, the executive heads of the specialized agencies and the Executive Chairman of the Technical Assistance Board to forward their views and suggestions to the Preparatory Committee;

Requests the Preparatory Committee to submit the results of its work in the form of a report and recommendations to the Economic and Social Council, at its twenty-sixth session;

Requests the Economic and Social Council to transmit the Preparatory Committee's report, together with its own comments, to the General Assembly, at its thirteenth session, for final action ;

Looks forward to the establishment of the Special Fund as of 1 January 1959;

Appeals to all States Members of the United Nations, in a spirit of co-operation and solidarity, to give the greatest possible assistance to the Special Fund;

III Decides that as and when the resources prospectively available are considered by the General Assembly to be sufficient to enter into the field of capital development, principally the development of the economic and social infrastructure of the less developed countries, the Assembly shall review the scope and future activ- General Auembly-Twellth Session

ities of the Special Fund and take such action as it may deem appropriate.

14 December 1957.

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Who created this mandate?

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What does this mandate say?

II

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