UN General Assembly
1960

152. Second, assistance to under-developed countries should not be made subject to the rigid banking rules of the traditional system of credit. It is only natural and logical that the under-developed countries are those which can offer the fewest guarantees to the banker. To treat them like any other customer would be tantamount to deciding in advance that once again it would be the wealthy countries, with greater potentialities, greater opportunities and a higher and better level of living, which would continue to benefit from international credit and that the under-developed countries would forever remain under-developed, in order that the bank or international institution providing assistance might not suffer any set-back and might continue to be able to collect interest and amortization regularly. To prevent rich countries from getting richer and poor countries from getting poorer, to avoid the disproportion between the wealth of nations and the living standards of peoples, the United Nations should act effectively, fairly and appropriately, so that it does not squander its resources or become a capital investment corporation.