Financing of Economic Development of Under-Developed Countries

A/RES/400(V)No PDF available

Who created this mandate?

A Resolution of the General Assembly, published in 1951.

What else is in this group?

9 documents · 1951–1953

Newer documents in this group exist (latest: 1953).

1953A/RES/622(VII)[C]Financing of economic development of under-developed countriesCompare with earlier document
1953A/RES/622(VII)[B]Financing of economic development of under-developed countriesCompare with earlier document
1953A/RES/622(VII)A-CFinancing of economic development of under-developed countriesCompare with earlier document
1953A/RES/622(VII)[A]Financing of economic development of under-developed countriesCompare with earlier document
1952A/RES/520(VI)[C]Financing of economic development of under-developed countriesCompare with earlier document

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What subjects does this mandate have?

5 topics

Economic Development Economic Policy Foreign Investments Project Finance Public Investment

What does this mandate say?

4 operative paragraphs

Recognizing that a more rapid economic development of under-developed countries. in particular an increase of their production, is essential for raising the level of productive employment and the living standards of their populations, for the growth of the world economy as a whole and for the maintenance of international peace and security,

Recognizing further that, although the economic development of under-developed countries depends primarily upon the efforts of the people of those countries, the necessary acceleration of that development, on the basis of their own plans and programmes, requires not only technical but also financial assistance from abroad, and particularly from the more developed countries,

Considering that the domestic financial resources of the under-developed countries, together with the international flow of capital for investment, have not been sufficient to assure the desired rate of economic development, and that the accelerated economic development of under-developed countries requires a more effective and sustained mobilization of domestic savings and an expanded and more stable flow of foreign capital investment,

Being convinced that the volume of private capital which is currently flowing into under-developed countries cannot meet the financial needs of the economic development of the under-developed countries and that those needs cannot be met without an increased flow of international public funds,

Taking account of the fact that some basic development projects are not capable of being adequately serviced through existing sources of foreign finance although they contribute directly or indirectly to the increase of national productivity and national income,

Recommends that the Economic and Social Council, in giving further study to the problem of the financing of economic development, consider practical methods, conditions and policies for achieving the adequate expansion and steadier flow of foreign capital, both private and public, and pay special attention to the financing of non-self-liquidating projects which are basic to economic development ;

CaUs upon the governments of all Member States and the specialized agencies concerned to submit to the Economic and Social Council any proposals bearing upon the present resolution ;

Requests the Economic and Social Council to submit its recommendations to the sixth session of the General Assembly.

20 November 1950.

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