UN General Assembly
1966

In the same connexion we should be gratified at the results of the work of the Ad Hoc Committee of Experts to Examine the finances of the United Nations and the Specialized Agencies. Its recommendations [A/6343] will, when they have been examined and approved by the General Assembly, help towards sounder management of the finances of our Organization. The achievement and maintenance of peace, as well as the development of international co-operation, are conditioned by other factors, among which the fight against under-development is not one of the least. The disastrous economic situation of the developing countries, a situation characterized by a constant decline in the prices of primary commodities, which at the same time are in competition with synthetic products manufactured by the developed countries, should cause us all, developed as well as under-developed countries, real concern. The failure of the United Nations Cocoa Conference and the United Nations Sugar Conference has been a most convincing illustration of the negative attitude of certain industrialized countries when it is a question of contemplating the stabilization of primary commodity prices.