25 July 1985

52nd plenary meeting

United Nations Revolving Fund for Natural Resources Exploration

The Economic and Social Council,

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 and requests the Administrator to provide, in his next report, detailed information on deposits discovered;

2. Welcomes the efforts of the Fund to promote pre-investment follow-up to its successful mineral discoveries, in close co-operation with the recipient Governments;

3. Also welcomes the new activities of the Fund in geothermal exploration;

4. Recognizes the urgent requirement to increase financial support to the Fund by means of voluntary contributions;

5. Welcomes the efforts made by the Fund to seek co-financing partners as a means of expanding its immediate funding capacity to meet the demands for projects.