UN General Assembly
1985

Together with this there has been a regression as regards the achievement of the objectives of official development assistance, which by 1985 at the latest should have exceeded the target of 0.7 per cent of the gross national product of the developed countries. We have serious doubts about the fate of the Common Fund for Commodities and of the energy affiliate of the World Bank, and, indeed, of other global negotiations. How can one not condemn such regression? How can one admit that the last replenishment of funds of the international Development Association was arbitrarily limited to $9 billion instead of the $15 billion normally envisaged? Every year the arms race absorbs almost 50 times the total volume of assistance to the third-world countries, thus preventing them from dealing with their development problems.