Promotion of the international flow of private capital
- Author: UN General Assembly
- Document source:
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Date:
12 December 1958
XIII. RESOLUTION ADOPTED ON THE REPORTS OF THE SECOND COMMITTEE
1318. Promotion of the international flow of private capital
1. Requests the Secretary-General to consult as appropriate and obtain the views of qualified persons, drawn from both capital-exporting and capital-importing countries, regarding:
(a) The fields of activity in which foreign private investment is needed and sought by under-developed countries and the volume and forms in which such investment would be acceptable;
(b) The types of projects-including, where possible, specific examples-which private foreign investors may be interested in financing or undertaking in under-developed countries in suitable circumstances;
2. Further requests the Secretary-General, drawing on the views of the qualified persons concerned and taking into account other available information, to prepare a report concerning measures in operation or contemplated, both in capital-exporting and capital-importing countries, for the channelling of an increasing flow of private capital investment into the development of under-developed countries under mutually satisfactory arrangements;
3. Invites the Secretary-General to submit his report to the Economic and Social Council at its twenty-ninth session for transmission, with the Council's recommendations, to the General Assembly for consideration at its fifteenth session.
788th plenary meeting,12 December 1958.
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