The Group stresses that the relevant Committees of the General Assembly should be involved in the discussions on this issue. Furthermore, it should be made clear that the Development Dividend Fund should be sizeable and it will be used to finance development activities in the developing countries. The reference of the use of this fund for economic and social issues as reflected in the report is unclear. The issue of the total amount to be mobilized for this fund should also be discussed with a view to increasing the resources needed for this purpose. Furthermore, the Group of 77 would like to be assured that the resources envisaged to be raised within the specific context of this proposal would be linked to the mobilization of financial resources for long-term development objectives.
Further clarification is thus necessary.
For the full text of the G-77 proposal on UN reform click here .