UN General Assembly
1959

156. I must make it very clear here that my delegation is fully aware of the valuable help gives by many countries to the lesser developed countries to help them improve their economic life. We are deeply appreciative of and grateful for this assistance. The Colombo Plan, towards which the more developed members of the Commonwealth and the United States of America have contributed lavishly, bias helped greatly. This unique co-operative international endeavour has been of great use in providing technological and scientific skill and know-how. The bilateral arrangements made by the United States, the Soviet Union, the United Kingdom and other countries with the lesser developed countries of the world have led to considerable economic aid. Private investment of capital, though not large, has helped, although, unfortunately, such investment has helped only a limited area, and more in respect of limited operations, such as the extractive industries. And, more recently, there is the proposed bank to be set up for the benefit of the Latin American countries. These are all worthy of increasing international interest and support, and constitute big advances.