UN General Assembly
1964

132. My delegation is of the view that a merger of the Special Fund and the Expanded Programme of Technical Assistance might lead to enhanced effectiveness in the operation of the programmes. But we feel, too, that the time has arrived when the United Nations Development Programme might enter into the field of actual capital investment and not confine itself exclusively to preinvestment and technical assistance. With respect to the Governing Council of the new United Nations Development Programme, we consider that its composition should be based upon the well- established principle of geographical representation. This principle is clearly enshrined in the Charter of the United Nations, By this principle, all the various tendencies in the Organization are represented on its main organs. In order to encourage and accommodate the major contributing industrial Powers, we would advocate that they be elected to the new Governing Council. Consequently, a Governing Council with a membership of thirty-nine or forty-two States would, in our view, accommodate both of these principles without being too unwieldy. This number cannot be considered too large, for it would represent only one third of the total membership of the 125 countries supporting the Development Programme.