[regarding]: (a) the feasibility of establishing a world food reserve within the
framework of the United Nations, [and] (b) the feasibility of such a reserve
acting as an institution which could contribute to relieve emergency situations
and to counteract excessive price fluctuations.
factual report has been made dealing comprehensively with `[these subjects]' and
expressed `its appreciation of the valuable work being done in these fields by the
Food and Agriculture Organization'.
· counteract excessive price fluctuations; and
· promote the rational disposal of intermittent agricultural surpluses.
all the functions of a "World Food Reserve" '.
and other FAO organs. While commending the efforts made, the Government
of Costa Rica concluded that, in view of the serious food distribution problems
that still remained, the establishment of a WFR called for renewed consideration
`at the highest international level'. The Costa Rican proposal did not give any
details regarding the structure, method of operation, or international character of
the proposed WFR, preferring that these matters should be determined by the UN
General Assembly.
on the need for their continued promotion through national and international
action. Discussion ranged over a wide front, touching on the need for improved
food supply and better nutritional standards, the harmful effect of excessive price
fluctuation, the importance of famine prevention, and the nature and functions of
food reserves. The functions of the proposed WFR were remarkably close to those
of the proposed WFB that was not approved. A similar proposal was made in a
bipartisan draft resolution placed before the US Senate in March 1955.
tional channels, negotiations on the establishment of a `World Food Bank' which,
by issuing loans of foods and fibres, could help promote a series of objectives
similar to those of the WFB proposal.
