UN General Assembly
1974

22. It is a wellknown fact that these institutions are supposed to grant aid to all Member States without discrimination or bias, and they should therefore adhere to these principles. Unfortunately, experience has shown that the setup of these institutions is susceptible to the influence of the big developed countries, which tend to use them to put pressure on the weak developing countries. My delegation would like to see an urgent reform in these institutions to rectify this anomalous situation which has hitherto been detrimental to the interests of the small developing nations. We reject this "Big Brother" blackmail policy in aiding developing countries. It is a policy of economic strangulation.