text: Declaration ontheGranting ofIndependence toColonial Countries andPeoples, in accordance withGeneral Assembly resolutions 1514(XV)of19December 1960and 3118(XXVIII) of12December 1973,tofinance humanitarian assistance projects of national liberation movements recognized bytheOr0snization ofAfrican Unity. 32.Asshowninstatement VI,theincomeoftheFundin1984amounted to$47,497 andexpenditure to$601,587. Attheendof1984thebalance oftheFundwas $0.7million ofwhichunspent allocations amounted to$0.3million. UnitedNations capital Development Fund 'j .jr IfIt33.ThisFundwasestablished bytheGeneral Assembly initsresolution 2186(XXI) of13December 1966andplacedundertheauthority oftheAdministrator ofUNDPand theGoverning Council byresolution 2321(XXII)of15December 1967.TheFund provides capital financing forprojects thatprovidedirectandimmediate benefits tolow-income groupsintheleastdeveloped cQuntries. 34.Asshowninstatement VII,thetotalincomeoftheFundin1984amounted to $33.0million andexpenditure to$31.1million. Atitstwenty-sixth session, the Governing Council decided thattheFundshouldestablish andmaintain an Operational Reserve ofnolessthan20percentoftheFund'sproject commitments. 10/Asat31December 1984,thebalance oftheOperational Reserve amounted to$24.1million, whichincludes aguaranty reserve equivalent to. 20percentofthetotalcontingent liabilities forguaranties entered intobythe Fundinrespect ofbankloansgranted byGovernments. Attheendof1984,theFund hadabalance of$82.3million exclusive ofitsOperational Reserve. 35.At31December 1984,theunspent allocations amounted to$114.5million, wpich was$32.3million morethantheunspent balance offundsavailable atthatdate. Thisreflects thedecision madebytheGoverning Councilatitstwenty-ninth session tocontinue thepartial funding system. 11/ 36.Thestatusofallsub-trust fundsestablished bytheAdministrator forUNCDF isreflected instatement XVIII. Thetotalexpenditure ofthesesub-trust funds of$1.3million included programme support coststotalling $84,957. UnitedNations Revolving FundforNatural Resources Exploration ~37.Thistrustiundwasestablished bytheGeneral Assembly initsre~olution 3167(XXVIII) of17December 1973,inwhichitrecognized theneedtoextendand intensify theactivities oftheUnitedNations systemtomeettheneedfornatural resources exploration indeveloping countries inordertoaccelerate theireconomic development. Governments receiving assistance fromthistrustfundhaveundertaken tomakereplenishment contributions totheFundwhentheprojects financed bythe Fundleadtocommercial production. 10/Ibid.,1919,Supplement No.10(E/1979/40), decision 79/21,para.4. 11/Ibid.,1982,Supplement No.6(E/1982/16/Rev.l), decision 82/22,para.6. -10-pIes,in oand jectsof rdty. $47,497 ""as38.Asshowninstatement VIII,thetotalincomeoftheFundin1984amounted to $2.0million andexpenditure to$5.1million. Attheendof1984,thebalance of theFundwas$13.6million, ofwhichunspent allocations amounted to$11.6million. 39.Theunspent allocations totalling $11,605,693 arebasedonthemaximum value ofprojects asapproved bytheGoverning Council, leaving abalance of·unencumbered fundsof$2,008,335. Forprogramming purposes, however, theFundhasestablished procedures forcalculating thefundsavailable forfutureprogramming including the application ofanactuarial formula whichtakesintoaccount thatthemaximum value ofprojects isnotimplemented inallcases. Inaccordance withtheseprocedures, whichhavebeenreported indetailtotheGoverning Cuuncil, thebalance offunds available forfutureprogramming wasestimated tobe$11.6million asat 31December 1984."!I 2186(XXI) fUNDPand Fund benefits ntedto ion,the Reserve o . tobythe ,theFund ion,wpich tdate. nth orUNCOF stfundsUnitedNations TrustFundforSudano-Sahelian Activities 40.Thistrustfundwasestablished pursuant toGeneral Assembly resolution 3253(XXIX)of4December 1974andEconomic andSocialCouncil resolution 1918(LVIII)of9May1975.InOCtober 1976,theSecretary-General oftheUnited Nations delegated totheAdministrator ofUNDPthefullresponsibility forthe adminis~ration, control andoperation oftheFund,including theadministration and
analysis: The text appears to be related to the financing and administration of various funds and programs established by the United Nations to support economic development, humanitarian aid, and natural resources exploration in developing countries. The funds mentioned are focused on providing financial assistance for projects that benefit low-income groups and promote economic development.