UN General Assembly
1973

"... should take the form of collateral and even of joint collateral given by Governments and international agencies to a large loan floated on the world, financial market. "This formula has shown its worth at other times and in other places, both on small and very large scales. By analogy with the situation of Europe in ruins as it emerged from the war, it may be thought that the elaboration, implementation and success of such a plan are possible and desirable — possible, given the enormous mass of idle capital throughout the world, reserves of which are being threatened by monetary erosion and inflation." 272. The six countries of the Sahel struck by this natural calamity, given the similarity of their problems and the immensity of their needs, have organized themselves into subregions and have set up an interstate committee with its headquarters at Ouagadougou.