G-77 Chair calls for additional funding for TCDC and South-South Cooperation
United Nations, 15 May 1997 (G-77) -The Tenth Session of the High-level Committee on the Review of Technical Cooperation among Developing Countries (TCDC) was held in New York from 5-9 May 1997.
The deliberations of the Session centered on the assessment on the progress attained in the implementation of the Buenos Aires Plan of Action for promoting and implementing TCDC (BAPA), New Directions Strategy for TCDC and UNDP support arrangements.
The major outcome of the session were two principal decisions. The first decision has two parts: Review of the progress made in implementing the BAPA and the decisions of the High-level Committee and implementation of the recommendations of the South Commission report; and review of the progress made in the implementation of the New Directions Strategy for TCDC. The second decision was on overall framework for the promotion and application of TCDC.
The main elements emphasized by developing countries captured in these two decisions include the importance and additionality of resources for TCDC, policy and operational linkage between TCDC and ECDC (Economic Cooperation among Developing Countries), maintaining the separate identify of the Special Unit for TCDC (SU/TCDC), holding commemorative meeting for 20th anniversary of BAPA during the 53rd session of the General Assembly and appeals for further contribution to the Trust Fund for South-South Cooperation and Perez-Guerrero Trust Fund (PGTF) core capital. At the session,the Republic of Korea pledged to contribute $200,000 for the Trust Fund for South-South Cooperation.