UN General Assembly
1956

89. We are definitely of the opinion that the Special Fund should begin its work by concentrating on the infrastructure, and then go on to other aspects of development or plans for industrial and agricultural production. In principle we agree that the Fund should begin its work with an initial capital of $200 million to $250 million, made up of voluntary .contributions, in addition to the capital which will be diverted to it, in accordance with the resolution approved by the General Assembly, once an adequate programme of world disarmament has been put into operation. 90. With regard to the type of currency in which contributions should be made, we reserve the right to express our point of view when the time comes. 91. We consider that the Fund should be able to make grants and especially long-term, low-interest loans. We agree that the Fund should be an autonomous body functioning independently within the framework of the United Nations and co-operating closely with the various bodies,