UN General Assembly
1966

77. Let me now turn to the world economic situation. Since last year we have seen the establishment of new, and the strengthening of some existing, institutional machinery. The creation of the Asian Development Bank and the working-out of procedures which would lead to the effective functioning of the United Nations Organization for Industrial Development are notable examples. The Committee for Development Planning and the various committees of the Trade and Development Board have met and helped to identify the problems facing the developing countries in accelerating their economic growth.