HC Deb 30 July 1951 vol 491 cc131-2W
54. Sir R. Acland

asked the Secretary of State for Foreign Affairs whether he will make a statement as to the information he has received about the work of the Economic Committee of the Economic and Social Council of the United Nations during the last few days.

Mr. Ernest Davies

Unanimous agreement has been reached in a drafting committee on a resolution which calls on governments to take certain steps to encourage the flow of private investment. and requests the International Bank to study the proposal for an International Finance Corporation to undertake equity investments. The Secretariat are asked to keep the problem of finance of uneconomic projects under review and to put forward proposals as soon as practicable.