International credit insurance

1523. International credit insurance

The General Assembly, Recalling its resolution 1318 (XIII) of 12 December 1958, Taking note with appreciation of the Secretary-General's report on the promotion of the international flow of capital,[1] Taking note also of Economic and Social Council resolution 762 (XXIX) of 21 April 1960, Conscious that all feasible measures should be adopted at the earliest possible date to assist and expand the flow of private funds for the purpose of developing the economically less developed countries, Requests the Secretary-General, when reporting on measures designed to promote the flow of private capital as envisaged in Economic and Social Council resolution 762 (XXIX), to report also on the feasibility of extending the scope of activities of existing national credit insurance institutions, of creating new institutions or arrangements of this kind and of establishing international credit insurance organizations, keeping in view especially the difficulties encountered by the economically less developed countries with regard to their balance of payments. 948th plenary meeting,
15 December 1960.

[1] E/3325 and Corr.1 and 2.

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