International Development Association

A/RES/1420(XIV)View PDF

Who adopted this document and its mandates?

A Resolution of the General Assembly, published in 1960.

What subjects does this mandate have?

5 subjects

Coordination Within UN System Development Assistance Economic Development Least Developed Countries Meeting Records

What’s in this document?

3 operative paragraphs

Mindful of the determination of the United Nations, as expressed in its Charter, to promote social progress and better standards of life in larger freedom and, for these ends, to employ international machinery for the promotion of the economic and social advancement of all peoples, Resolutiom adopted on the reports of the Second Committee

Recalling the General Assembly's interest in new forms of international financing for the purpose of accelerating the economic development of underdeveloped countries,

Welcoming the decision in principle taken at the recent annual meeting of the Board of Governors of the International Bank for Reconstruction and Development to establish an International Development Association as an affiliate of the Bank,

1 Expresses the belief that the new affiliate of the International Bank for Reconstruction and Development will provide under-developed countries with types of financing which have not hitherto been available from multilateral agencies and which, while stimulating economic development, would tend to ease their balance of payments position ;

Expresses the hope that adequate provisions will be made and appropriate procedures adopted for a close working relationship and effective co-ordination and consultation between the International Development Association and the United Nations;

Calls attention to the desirability of appropriate relations between the International Development Association and the specialized agencies and the International Atomic Energy Agency, as suitable;

Requests the Secretary-General to trammit to the President of the International Bank for Reconstruction and Development, for communication to the Executive Directors of the Bank, the records of the debates of the General Assembly on this subject at its present session.

5 December !959.

Who adopted this document and its mandates?

What subjects does this mandate have?

What’s in this document?

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