of Action fer its first phase (1980-1983). The ECA Conference of Ministers of Transrort, Communications and Planninf aciopted the Global Stratery in May 1979, and the General A sser.:bly took note of it in July 1979. 204. The Global Strateey proviced policy ruidelir:.es anc set out objectives and pricrities. The phase I Procramme of Action con­ sisted of 771 projects with an estimated ccst of $8.85 billion; 610 of these projects (79 per cent), with an estimatec cost of $8.34 billion (94 per cent of the total), were for the transport sector alone, and the remaincer were for t'he communications sec­ tor. 205. The phase I prorramme was updated in Aueust 1982, and it now contains a total of 1 ,090 projects with an estimatec cost of $15.35 billion. Of these 771, or 71 per cent, with an estimated cost of $14.3 billion (93 per cent of the total cost) fall in the transport sector. The updatine exercise, which was carried out as part of the preparation of the phase II proeramr,e (1984-1988), revealed that financine has been secured for about 45.7 per cent of the update r. phase I prorramme. In all 396 prcjects with an estimated cost of $6.83 billion have been retained in phase I, while the rest have been carried forward into phase II; $5.77 billlion or 85 per cent of the total cost has 'been secured to finance the 396 retained projects. 206. At the outset, it v:as planned that the protramme \>rould be implemented with technical a~sistance resources and other funcs secured from the developed countrieE' thrcurh ple<'rinf ccnferen­ ces orranized by the Uniter Nations Secreta1·y-General. However, the first pledpinc conference, in November 1979, realized only $158,588, plecreo mostly by African co\1ntries ther.1selves, ane a post-conference evalution revealed that while ~ost developed 
**Analysis**
The text appears to be discussing the implementation of a program related to transportation and communication infrastructure, with a focus on securing financial resources and technical assistance. The mention of a "phase I program" and an "update" suggests a structured approach to implementing the program, which is typical of economic development projects.

**Category**
Transport and communication, Economic development