UN General Assembly
1977

156. The record of developed countries in providing concessionary assistance has been deplorable. While the developed countries are committed to reaching an official development assistance target of 0.7 per cent of their gross national product, in fact, only two of the industrialized countries have reached this target, and not many others seem to have the political will to do so. Yet the gross national product of the industrialized countries has been rising, while their net disbursement of aid has stagnated. 157. Missing the target, in this regard, knows no ideology. The record clearly indicates that both the United States of America, almost all of the other industrialized free market countries, the Soviet Union and the other centrally planned economies of Eastern Europe-all of which often claim to be most concerned about the welfare of the developing countries, and are equally solicitous for our support—have treated the world's poor most shabbily. The United States of America has transferred less than 0.3 per cent of its gross national product and the Soviet Union less than 0.1 per cent.