1695 



5. Concerted efforts to aid the least developed countries. 

 In furtherance of these five strategic elements the Secretary offered 

 a long list of proposed initiatives. These included: 



1. Creation in the International Monetary Fund of a new 

 development security fund to stabilize overall export earnings. 



2. Expansion of the resources of the World Bank's International 

 Finance Corporation to support private enterprises in developing 

 countries. 



3. Creation of an International Investment Trust to attract 

 investment capital for development insured against major losses. 



4. Assistance to developing countries to raise investment capital 

 through direct borrowing in capital markets. 



5. Improved access of developing countries to credit resources 

 in developed countries. 



6. Creation of an International Energy Institute to resolve 

 issues between producers and consumers and advance energy 

 technologies. 



7. Expansion of international agricultural research centers 

 into a worldwide network for development of agricultural (mainly 

 food) technology. 



8. Creation of an organization to coordinate and finance nonfood 

 agricultural productivity and competitiveness. 



9. Creation of an International Industrialization Institute to 

 sponsor and conduct research on industrial technology. 



10. Creation of an International Center for the Exchange of 

 Technological Information. 



11. Expansion of U.S. bilateral support of industrial technolog}'. 



12. Establishment of standards of conduct in the control and 

 operation of multinational corporations. 



13. Elimination of barriers to trade by multilateral trade 

 agreements including extension of general tariff preferences and 

 other easements to developing countries. 



14. Creation of an international network of buffer stocks in 

 key commodities with associated institutions to stabilize prices 

 for these commodities. 



15. Funding support for a major new international effort to 

 expand raw material resources in developing countries. 



16. A variet}'' of forms of assistance (emergenc}^ relief funds, 

 low cost loans, and food aid to least developed countries), 



17. Reduction of losses after harvest from inadequate use of 

 technologies of storage, transport, and pest control. 



18. A major expansion in World Health Organization programs 

 of integrated deliver}- of health services at the community level. 



19. Improvement of the United Nations system including 

 rationalization of assistance programs, leadership in U.N. 

 Secretariat for developm.ent, streamlining of the Economic and 

 Social Council, better consultative procedures, and independent 

 evaluation of program implementation. 



IMPLICATIONS OF KISSINGER INITIATIVES FOR STATE DEPARTMENT AND 



CONGRESSIONAL BACKSTOPPING 



The question presented by this impressive shopping list of initiatives 

 offered by the Secretary of State to restore rationahty and order to 

 the "global s^^stem" concerns the abihty of the U.S. diplomatic 



