Ways and Means of Accelerating the Transfer of Real Resources to Developing Countries on a Predictable Assured and Continuous Basis

A/RES/31/174View PDF

Who adopted this document and its mandates?

A Resolution of the General Assembly, under agenda item 65 Revision of the International Development Strategy for the 2nd United Nations Development Decade, published in 1977.

What subjects does this mandate have?

5 subjects

Budget Contributions Development Assistance Development Finance Real Resources Transfer Taxation

What’s in this document?

6 operative paragraphs

Takes note of the report submitted by the Secretary-General95 in response to General Assembly resolution 3489 (XXX);

Reiterates its appeal to developed countries which have not yet done so to meet the target of 0. 7 per cent of the gross national product for official development assistance set out in the International Development Strategy for the Second United Nations Development Decade;

Urges developed countries to accelerate the transfer of real resources to developing countries on a predictable, continuous and increasingly assured basis and, towards that end, to consider seriously the various suggestions proposed in the report of the Secretary- General, including wider implementation of the current practices of some developed countries, particularly:

The pledging of development assistance on a (a) rnultiyear basis, in order to provide developing countries with more reliable projections of aid on a longerterm hasis to facilitate their development planning;

( b) The appropriation of development assistance in such a manner as to prevent the erosion in the real value of aid in terms of the national currency of the individual donor country;

( c) The endowment of development assistance with non-lapsing authority to ensure that budgetary allocations unexpended at the end of the fiscal year for which they are appropriated arc carried forward;

n.-, A/31/186 and Corr.I.

The reallocation to development aid budgets (d) of both interest and amortization receipts derived from development loans;

Recommends that developed countries give serious consideration to the establishment of a development tax to be earmarked for international development assistance;

Further recommends that appropriate policies be developed further to increase flows of private capital to developing countries, including the examination and, where appropriate, the revision of rules and regulations concerning access of developing countries to private money and capital markets to the extent that the situation in each country permits;

Requests the Secretary-General to submit a progress report on the implementation of the present resolution to the General Assembly at its thirty-second session and decides to consider the report at that session under a separate item.

98 Official Records of the G,-neral Assemhl_v, Thirty-first Session. Surr/pn,rnt No. 3 (A/31/3).

Who adopted this document and its mandates?

What subjects does this mandate have?

What’s in this document?

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