28 July 1983

United Nations Revolving Fund for Natural Resources Exploration

Recalling General Assembly resolution 3167 (XXVIII) of 17 December 1973 and Economic and Social Council resolution 1762 (LIV) of 18 May 1973, concerning the establishment of the United Nations Revolving Fund for Natural Resources Exploration,

1. Takes note of the report of the Administrator of the United Nations Development Programme on the United Nations Revolving Fund for Natural Resources Exploration;

2. Welcomes the efforts of the Fund to identify the requirements for feasibility and post-discovery follow-up work in order to bring successful exploration projects to the production stage;

3. Takes note also of the Fund's evaluation of potential geothermal exploration projects;

4. Recognizes the need to increase financial support to the Fund in order to meet effectively the exploration requirements of developing countries.