TitleContribution of the United Nations Centre on Transnational Corporations to the implementation of the United Nations Programme of Action for African Economic Recovery and Development 1986-1990.
AccessEnglish:E_RES_1989_26-EN - PDF ; Español:E_RES_1989_26-ES - PDF ; Français:E_RES_1989_26-FR - PDF ; Русский:E_RES_1989_26-RU - PDF ; العربية:E_RES_1989_26-AR - PDF ; 中文:E_RES_1989_26-ZH - PDF ;
Requests the Secretary-General to prepare a report containing recommendations on alternative strategies that would create a mutually beneficial framework and lead to concrete measures to encourage transnational corporations to respond positively to improvements in the investment climate in Africa and thereby promote economic growth and self-sustaining socio-economic development, especially in those sectors in which transnational corporations can make a major contribution through capital mobilization, technical expertise, transfer of technology and market access; invites the home countries of transnational corporations to encourage investment in such corporations in all developing countries, particularly in Africa, and to that end, to consider providing financial and fiscal incentives including tax-sparing; requests the Secretary-General to continue to mobilize resources for increased support of technical assistance requirements of African countries to enable them to increase their capacities to deal with transnational corporations, so as to take advantage of investment opportunities through transnational corporations; requests the Secretary-General to upgrade the report prepared for the mid-term review of the implementation of the Programme of Action, to provide detailed and comprehensive coverage of foreign direct investment in Africa and to report thereon to the Commission on Transnational Corporations at its 16th session.
Adopted at the 15th plenary meeting, 24 May 1989. In: Resolutions and decisions adopted by the Economic and Social Council at its 1st regular session of 1989, 2-24 May 1989. - E/1989/INF/7. - 14 July 1989. - p. 49-50. - Issued in ESCOR, 1989, Suppl. no. 1.