Decides that the United Nations Special Fund shall operate as an organ of the General Assembly in accordance with the provisions set forth below:
Article 1
The United Nations Special Fund shall provide emergency relief and development assistance to the countries most seriously affected in accordance with the relevant provisions of section X of General Assembly resolution 3202 (S-VI) of l May 1974.
The Special Fund shall serve as a central monitoring body for such bilateral and multilateral assistance and, in general, as a focal point for and stimulus to such assistance.
Article ll
1
The resources of the Specia-1 Fund shall consist of voluntary contributions in cash or in kind by Governments. The Special Fund shall also be empowered to receive contributions from governmental and non-governmental international organizations and from other private sources.
2
Contributions to the Specia~ Fund may also be made by means ')f pledging conferences convened by the Secretary-General of the United Nations.
3
Contributions as pledged to the Special Fund shall be payable in full or in instalments within the twelve months following the pledge.
4
Cash contributions shall be made in convertible currencies or in currency readi·ly usable by the Special Fund, consistent with the need for efficiency and economy of the Fund's operations.
Article Ill
l. The policies and procedures of the Special Fund shall be formulated by the· Board of Governors
87 E/5590.
of the United Nations Special Fund, composed of representatives of thirty-six States Members of the United Nations or members of specialized agencies or of the International Atomic Energy Agency elected by the General Assembly, keeping in view, inter alia, the need for balance between the representation of potential donors and recipients. States elected to the Board of Governors shall do their utmost to ensure that their representatives possess the expertise required for the efficient operalion of the Special Fund.
2
fhe members of the Board of Governors shall be elected for a term of three years, provided, however, that, of the members elected at the first election, the terms of one third of the members shall expire at the end of one year and the terms of a further one third of the members at the end of two :9'ears. Retiring members shall be eligible for re-election. The first election shall take place at the twenty-ninth session of the General Assembly.
3
The Board of Governors shaH report annually to the General Assembly through the Economic and Social Council. The comments of the Council on the report shall likewise be transmitted to the Assembly.
4
The Board of Governors may, in the light of the experience gained, the magnitude of the resources a'Vailable and the changes in the nature of operations.. establish an Executrve Committee to supervise the operations of the Special Fund on a continuous basis which shall report to it on its activities at regular intervals. Donors and recipients shall be represented in the Executive Committee in equal numbers.
Article IV
I . Each member of the Board of Governors and each member of the Executive Committee shall have one vote.
2
The quorum for a meeting of the Board of Governors or of the Executi'Ve Committee shall be two thirds of the total membership of the Board or of the Executive Committee.
3
Decisions on all questions shall as far as possible be made on the basis of consensus. In the absence of consensus, decisions on important questions-including questions of policy, the approval of projects, th~ allocation of funds and the eligibi-lity of recipients-shall be made by a two-thirds majority of the total membership of the Board of Governors or, as appropriate, of the Executive Committee. Decisions on other questions shall be made by a majority of those present and voting.
Article V
I. The chief executive officer of the Special Fund, who shall be appointed by the Secretary-General, subject to condirmation by the General Assembly. shall be the •Executive Director of the Special Fund.
2
The Executive Director shall discharge his functions under the guidance and supervision of the Board of Governors and the Executive Committee, if established, in whose deliberations he will participate without the right to vote. He shall exercise over-all responsibility for the day-to-day operations of the Special Fund and shall report directly, on a regular basis, to the Board of Governors, or through the Executive Committee, if established, on the operations of the Fund.
3
The Executive Director shall be assisted by a small secretariat within the framework of the United Nations Secretariat. The Special Fund may enter into management contracts with international organizations such as the lnternational Bank for Reconstruction and Development and its affiliates, the International Monetary Fund and the regional development banks, to conduct its operations. The contracts shall ensure the full and effective control, at all times,
of the Special Fund over the operations. The Executive Director shall, to the maximum extent possible,
make effective use of the existing facilities of the United Nations Secretariat, including also those of the regional commissions, the United Nations Development Programme, the United Nations Conference on Trade and Development and the United Nations Industrial Development Organization. Where appropriate, the Special Fund may also use the facilities of the specialized agencies.
Article VJ
I. To carry out its purposes as specified in article I, the Special Fund is empowered to make grants and, on concessionary terms, to make loans and, as appropriate, to participate in investments and to allocate assistance in kind under its control and direction to countries most seriously affected by economic crises.
2
The eligibilty of potential recipients, other than the- least developed among the developing countries and the land-locked developing countries, shall be periodically reviewed by the Board of Governors.
3
The Special Fund shall ensure an equitable distribution of its resources among the countries most seriously affected.
Article Vil
Pending the approval by the General Assembly of financial regulations to govern the Special Fund, the Financial Reguiations and Rules of the United Nations89 shall apply.
2
Requeststhe Secretary-General to submit, through the Board of Governors, a report on administrative arrangements for the Special Fund, including proposals for appropriate financial regulations and rules, to the General Assembly at its thirtieth session, through the Economic and Social Council at its fiftyninth session.
PURPOSE
At its 2323rd plenary meetillJ:,
on I 7 December I 974, the General Assembly, on the basis of tl1e nominations by the Economic and Social Council, elected, in pursuance of paragraphs 7 and 8 of the abon,• resol11tion, tire followinf:1 thirty-six members of the World Food Council: ARGENTINA, AUSTRALIA, BANGLADESH, C.4NADA, CHAD, COLOMBIA, CUBA, EGYPT, FRANCE, GABON,
GERMANY (FEDERAL REPUBLIC OF),
GUATEMALA, GUINEA, HUNGARY, IND!.\, )NDONESIA, )RAN, IRAQ, ITALY, JAPAN, KENYA, LIBYAN ARAB REPUBLIC, MALI, MEXICO, PAKISTAN, ROMANIA, SRI LANKA, SWEDEN, TOGO, TRINIDAD AND TOBAGO, UNION OF SoVIET SoCIALIST REPUBLICS,
UNITED KINGDOM OP GREAT BRITAIN AND NORTHERN IRELAND, UNITED STATES OP AMERICA, VENEZUELA, YUGOSLAVIA and ZAMBIA.
At the same meeting, the General Assembly decided by the drawing of lots that CHAD, EGYPT, HUNGARY, !RAN, ITALY,
RESOURCES JAPAN, KENYA. SRI LANKA. SWEDEN, TRINIDAD AND TOBAGO, THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN
IU.LAND and VENE.ZUEJ...\ would serve for a period of thrett years,
AUSTRALIA,
COLOMBIA, CUBA,
FRANCE,
GUATEMALA, GUINEA, INDIA, THE LIBYAN ARAB REPUBLIC, MALI, PAKISTAN, ROMANIA and THE UNION OF SOVIET SoCIALIST REPUBLICS for a period of two years and ARGENTINA, BANGLADESH, CANADA, GABON, GERMANY (FEDERAL REPUBLIC OF), INDONESIA, IRAQ, MEXICO, TOGO, THE UNITED STATES OF AMERICA, YUGOSLAVIA
and ZAMBIA /or a period of one year.
ORGANIZATION AND SUPERVISION
86 E/5555.
88 O{Jicial Records of the General Assembly, Twe111y-nintli Session, Supplement No. JA (A/9603/ Add.I), chap. I, sect. B.
MODES OF OPERATION
VOTING
FINANCIAL ARRANGEMENTS
MANAGEMENT
CIALIST REPUBLICS, UPPER VOLTA and VENEZUELA for a period
members would be elected by tire Economic and Social Council: ALGERIA, ARGENTINA, AUSTilALIA, BRAZIL, CHAD, CoSTA
of one year, and that the two members to be elected by the RICA, CZECHOSLOVAKIA, FRANCE, GUYANA, INDIA, IRAN, JAPAN,
Economic and Social Council would serve for a period of KUWAIT, MADAGASCAR, NEPAL, NETHERLANDS, NIGERIA, NOR-
three years. WAY, PAKISTAN, PARAGUAY, PHILIPPINES, SoMALIA, SRI LANKA,
At its J938tlr plenary meeting, on /5 January 1975, the SUDAN, SWAZILAND, SYRIAN ARAB REPUBLIC, TURKEY, UNION
Economic and Social Council elected SWEDEN as one of the OF SOVIET SocIALIST REPUBLICS, UNITED KINGDOM OF GREAT
remaining two members of the Board of GovernorJ of the BRITAIN AND NORTHERN IRELAND, UPPER VOLTA, URUGUAY,
United Nations Special Fund. VENEZUELA, YUGOSLAVIA and ZAillE.
At the same meeting, the General Assembly decide i by the As a result of the above elections, the Board of Governor, drawing of lots that ALGERIA, ARGENTINA, CZECHO.>LOVAKIA,
iJ composed of the following States:
ALGERIA, ARGENTINA,
INDIA, NIGERIA, PARAGUAY, THE PHILIPPINES, SRI LANKA, TUR- AUSTRALIA,
BRAZIL,
CHAD,
COSTA RICA,
CZECHOSLOVAltlA,
ltEY and ZAIRE would serve for a period of three years,
FRANCE, GUYANA, INDIA, (RAN, JAPAN, KUWAIT, MADAGASCAR,
AUSTRALIA, BRAZlL, CHAD, IRAN, KUWAIT, MADAGASCAR, THE NEPAL,
NETHERLANDS, NIGERIA,
NORWAY,
PAKISTAN,
PARA• NETHERLANDS, THE SYRIAN ARAB REPUBLIC, SWAZILAND, THE GUAY, PHILIPPINES, SOMALIA, SRI LANKA, SUDAN, SWAZILAND, UNITED KINGDOM OF GREAT BRITAIN AND NORTI-IERN IRELAND,
SWEDEN, SYRIAN ARAB REPUBLIC, TullEY, UNION OP SoVJET
URUGUAY and YUGOSLAVIA for a period of two years and SoCIALIST REPUBLICS, UNITED KINGDOM OF GREAT BRITAIN COSTA RICA,
FRANCE,
GUYANA,
JAPAN,
NEPAL,
NORWAY,
AND NORTHERN IRELAND, UPPER VOLTA, URUGUAY, VENEZUELA, PAKISTAN, SoMALIA, THE SUDAN, THE UNION OF SoVIET So- YUGOSLAVIA a11d ZAIRE .
90 Official RecordJ of the General Assembly, Twenty-ninth Session, AnnexeJ, agenda
93 Official Records of the Economic and Social Council, Fifty-seventh Session, Supple-
