• Short Summary

    At the United Nations Conference on Trade and Development (UNCTAD) in Nairobi, eight countries formally pledged contributions on Monday (24 May) to a proposed Common Fund to finance commodity buffer stocks.

  • Description

    1.
    SV INT Saudi Arabian delegation
    0.05

    2.
    SV Spanish delegation
    0.10

    3.
    CU Mohamad Al Mozzaki (U.A.E.) speaking in Arabic
    1.02

    4.
    SV Soviet delegation
    1.05

    5.
    CU Abdullah Al Hamad of Kuwait speaking in Arabic
    2.08



    Initials BB/1945 YA/AW/BB/1955


    This film is serviced with part of addresses delivered to the conference in Arabic by Mohamad Al Mozzaki, head of the United Arab Emirates delegation, and Abdulla Al Hamad, Kuwait's Under-Secretary in the Ministry of Trade.

    Script is copyright Reuters Limited. All rights reserved

    Background: At the United Nations Conference on Trade and Development (UNCTAD) in Nairobi, eight countries formally pledged contributions on Monday (24 May) to a proposed Common Fund to finance commodity buffer stocks.

    They included oil exporters Iran, United Arab Emirates and Kuwait, together with Mexico, Zambia and Pakistan.

    Indonesia, which had announced support for the Fund earlier, said its contribution would be 25-million dollars (14-million pounds sterling).

    Norway, the first industrial country to offer a specific sum to the Fund, said its contribution would also be 25-million dollars, subject to parliamentary approval.

    UNCTAD'S target is 1,000-million dollars (570-million pounds sterling) to be raised by government subscription, plus a further 2,000-million dollars (1,140-million pounds sterling) borrowed commercially.

    The Common Fund is at the core of an integrated programme backed by the developing countries and aimed at stabilising commodity markets to ensure that prices are fair to producers and consumers alike.

  • Tags

  • Data

    Film ID:
    VLVA9PE7O2XO1RZOT6FL6H50ED118
    Media URN:
    VLVA9PE7O2XO1RZOT6FL6H50ED118
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    27/05/1976
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:02:09:00
    Time in/Out:
    /
    Canister:
    N/A

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