UN General Assembly
1964

94. I also wish to refer briefly to another important item dealing with economic development, which is on our agenda. This is the proposed merger of the Expanded Programme of Technical Assistance and the United Nations Special Fund in a United Nations Development Programme. My delegation supports the establishment of the United Nations Development Programme which, it is hoped, would not only include the best elements of the Expanded Programme of Technical Assistance and the United Nations Special Fund, but would have an added strength of its own to pay appropriate attention to the work of the United Nations in the application of science and technology to development, to industrial expansion, to the exploitation of natural resources, and in the promotion of trade. It is noted with satisfaction that the proposed consolidation would be without prejudice to the consideration of the study of the practical steps to transform the Special Fund into a Capital Development Fund, in such a way as to include both pre-investment and investment activities.