New Delhi Declaration

Summary of New Delhi Declaration

A pronouncement, incorporating an action plan, articulated by developing nations at a 1980 New Delhi conference of the United Nations Industrial Development Organization (UNIDO). The 1980 declaration reiterated the goal defined in the 1975 Lima Declaration i.e., that developing countries would control 25 percent of world industrial production by the year 2000; in addition, the New Delhi Declaration proposed a North-South Global Fund, financed by that industrialized nations, to provide three hundred billion dollars in concessional aid to developing countries by A.D. 2000. The declaration also proposed that UNIDO be used to negotiate commitments by the industrialized countries.

The declaration was prepared by the Group of Seventy-Seven (read this and related legal terms for further details) but repudiated by the advanced nations.

(Main Author: William J. Miller)