UN General Assembly
1963

Production, however, can be increased only by a growing mobilization of both national and international investments. The experience of the last decade has shown that every dollar in international financing makes it possible to mobilize approximately four dollars of domestic investments in the developing countries. However, to every one hundred dollars of the national income of the industrial countries, ten dollars are still being expended on armaments and less than one dollar for the economic development of the underdeveloped areas. The time has come, in my opinion, for the Assembly as well as for the United Nations Conference on Trade and Development to re-examine, in the light of new developments, the question of launching of operations of the United Nations Capital Development Fund, or for the existing Special Fund to grow, naturally with increased means, into the fund for investment financing.