UN General Assembly
1959

45. It can therefore be said that, unless the United Nations takes more substantial action in helping the less-developed countries in their economic and social reconstruction, competition among the advanced countries to assist the less-developed ones will become a new ground for friction and will thus increase the tension in the world. If the United Nations were to tie made the main vehicle for capital assistance to less- developed countries, the stigma of charily and the. anxiety over political interference would be removed from foreign assistance. 46. It is encouraging to observe that the advanced nations have in some measure come to use the channels of this Organization for assistance to less-developed countries. The reaction to the Special Fund is a case in point. But the Special Fund and the Expanded Programme of Technical Assistance in their present form fall far short of meeting the requirements of the economic development of less-developed countries and the acute scarcity of necessary capital for their development.