• Short Summary

    A major international effort to improve the economic prospects of developing countries will be the main theme of the fourth United Nations Conference on Trade and Development (UNCTAD) which opens in Nairobi, Kenya, on Wednesday (5 May).

  • Description

    A major international effort to improve the economic prospects of developing countries will be the main theme of the fourth United Nations Conference on Trade and Development (UNCTAD) which opens in Nairobi, Kenya, on Wednesday (5 May).

    On Friday, last minute preparations were underway at the Kenyatta Conference Centre to ensure that everything runs smoothly. Almost every government in the world will be represented at the month long conference and by the weekend many delegates had already arrived.

    At Wednesday's opening addresses will be given by Kenya's President Jomo Kenyatta and U.N. Secretary General Kurt Waldheim.

    The key issue will be commodities - how to ensure fair prices and adequate supplies, and how to prevent violent price fluctuations.

    Developing countries are giving their broad support to proposals by the UNCTAD Secretariat for an integrated programme, including producer-consumer pacts for 10 key commodities and the establishment of a common fund to finance buffer stocks.

    Although the United States agrees that action is urgently needed to stabilise markets and ensure supplies it is known that it is not willing to back a common fund and is expected to voice its disapproval at the conference.

  • Tags

  • Data

    Film ID:
    VLVAE4WO6YVUKQVSIXZDA5M3CD54A
    Media URN:
    VLVAE4WO6YVUKQVSIXZDA5M3CD54A
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    02/05/1976
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:15:00
    Time in/Out:
    /
    Canister:
    N/A

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