UN General Assembly
1952

49. The Argentine motion was rejected and the Argentine Republic was then obliged to enter a special reservation regarding its desire to make its position known to the public and to explain the reasons for its attitude as well as the circumstances leading to the rejection of its amendment. It was compelled to do this because the Committee's proceedings are not open to the public and are even kept secret from the other member countries which are not represented on it. This in itself is highly significant and it is for this reason that we are using this all-important international forum to inform Member States and world public opinion of the activities of this supra-national organization which has no real justification for its existence and has done serious damage to the countries producing raw materials. We believe, in all good faith, that it is necessary to situate this state of affairs within the general picture of the problem of the economic development of the under-developed countries. This Assembly will deal with the problem of financing such development and the methods of achieving greater productivity in the world, Both these problems can be solved only if the question of the balance of trade is also taken into account and settled justly and fairly so that the countries producing raw materials will be able to proceed with their economic development.