UN General Assembly
1974

160. The financial contributions pledged by Venezuela include $100 million for the Special Program; $500 million for a trust fund to be operated by the Inter- American Development Bank, $150 million for the Trust Funds of the Andean Development Corporation, the Central American Development Bank and the Caribbean Development Bank; and for the latter we have set up a special fund of $10 million. We have also made a contribution of $450 million for Special Drawing Rights which are the equivalent of $540 million for the so-called oil facilities of IMF. Venezuela is also ready to contribute to the Fund of OPEC, and intends to help encourage agricultural and industrial development projects in the countries of the third world. We are thus ensuring the fulfillment of one of the targets of the recently created Venezuelan Investment Fund, which is to strengthen international co-operation.