UN General Assembly
1963

38. The Secretary-General, in the Introduction to his annual report on the work of the Organization [S/5501/ Add.1, section IV], has informed us of his concern lest the Special Fund should be unable to reach its target of $100 million for 1964. We, I need hardly say, strongly support the Secretary-General in his appeal to the participating countries that they should contribute enough to make it possible to reach this modest target. I should like to draw attention to that part of the Introduction [ibid.,] which mentions the figure of 327 projects in 120 developing countries at a cost of $672 million, of which the Special Fund is contributing 42 percent and the Governments concerned the remainder. 39. The economic development of all the regions of the world is a goal which lies within our reach; it is no longer a dream. General disarmament, by releasing large sums absorbed by war industries, so that they can be diverted to peaceful enterprises in the developing countries, will accelerate these countries' growth.