Advances from the Working Capital Fund: application of the food and Agriculture Organization of the United Nations for a loan from the Fund

UN General Assembly, Advances from the Working Capital Fund: application of the food and Agriculture Organization of the United Nations for a loan from the Fund, A/RES/457, UN General Assembly, 16 November 1950, https://www.refworld.org/legal/resolution/unga/1950/en/7632 [accessed 24 June 2025]
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V. RESOLUTIONS ADOPTED ON THE REPORTS OF THE FIFTH COMMITTEE
457. Advances from the Working Capital Fund: application of the food and Agriculture Organization of the United Nations for a loan from the Fund

The General Assembly, Having considered the request submitted by the Food and Agriculture Organization of the United Nations t the Secretary-General for a loan of $800,000 from the Working Capital Fund of the United Nations for the purpose of financing part of the costs of the transfer c the Food and Agriculture Organization from Washington, D. C. to Rome, Desirous of facilitating the work of the Food and Agriculture Organization, Authorizes the Secretary-General to advance from the Working Capital Fund, as a loan to the Food and Agriculture Organization of the United Nations, sums not exceeding $800,000 to finance the removal of its head quarters to Rome. Such a loan shall be repayable within a maximum period of four years, in annual instalments of not less than $200,000. Interest, at a rate to be deter mined between the Secretary-General of the United Nations and the Director-General of the Food and Agriculture Organization, shall be payable on any balance the loan outstanding at the end of a period of two years from the date on which the loan is made, 305th plenary meeting,
16 November 1950.
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