Corporate Policy Papers

UNCDF and the United Nations General Assembly

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Resolutions adopted on the reports of the Second Committee
2321 (XXII). United Nations Capital Development Fund

The General Assembly,

Recalling its resolution 2186 (XXI) of 13 December 1966 on the United Nations Capital Development Fund,

Considering that owing to the initial lack of financial resources it will not be possible in the first year to give full effect to that resolution,

Noting with interest the Secretary General's suggestion that serious consideration should be given to the possibility of using, for the management of the new Fund, under some suuitable arrangement, the experience and knowledge gained by the United Nations Development Programme

1. Decides to adopt on a provisional basis the following measures in implementation of its resolution 2186 (XXI):

(a) The Secretary General is invited to ask the Administrator of the United Nations Development Programme to administer the United Nations Capital Development Fund by performing the functions of the Managing Director, as set forth in article IX of resolution 2186 (XXI);

(b) The Governing Council of the United Nations Development Programme shall perform as appropriate, the functions of the Executive Board of the United nations Capital Development Fund, as set forth in article VIII of resolution 2186 (XXI);

(c) The United Nations Pledging Conference on the United Nations Capital Development Fund will be convened simultaneously with the annual Pledging Conference on the United Nations Development Programme;

2. Decides to review at its twenty-third session the institutional arrangements for the United Nations Capital Development Fund in the light of the experience gained during the first year of its operations.

1633rd plenary meeting
15 December 1967