IFc has launched a new prograrnne to assist energy de[elopnent financing in developing countries by the private sector. Member States have also joined in the efforts to pledge support for individual projects in developing countries in the field of nee and reneeable energy sources through consullatine neetings at the 9loba1, interregionaL, regional and subreglonal levels. 5. FinalIy, the General Assembly in resolution 38,/l5l encouraged Governnents, "in co-operation with appropriate United Nations bodies, to hold ... symposia and other sinilar undertakings in order to explore nays and neans of supporting the efforts of, developing count.ri.es in Che exploration and development of Cheir energy resourcestr. This provision led directly to the United Natlons Synposium on Financing of Petroleun Exploration and Developtrent in Developing Countries. The results of this synposiun are discussed ln section II. Paragraph 2 6. In paragraph 2 of resolution 39/L76 the General Assembly reguests the Secre tary-General to lmprove further and update the contents of his report on Ehe developnent of, lhe energy resources of, developing countries and to subnlt a consolidated report to the forlieth aession of the General Assenbly. This rePort is presently before the General Assenbly under the tltle DeveloprBent of energy resources of d9!q!9F4!q gq!!!!i!E 6/40/5ILl . Paragraph 3 7. In paragraph 3 of resolution 39/176 the ceneral Assenbly geeka rrearly consideration of possi.ble avenues that eould increase energy financing. lncluding, inter a1ia. the nechanisms belng exanined by the Horld Bank, such as an energy affiliate, and calls upon nember Scates to take appropriate neasures !o tbis end in relevanl forums". As noled above, lhere has been little proqress in achieving a consensus on the need to inaugurate ner inBtitutlonal arranqements to channel financial resources to the developing countrle3 for energy resource developnent, other than the nen progranme in energy by IFC. Paragrapb 4
**Analysis**
The text appears to be discussing the financing of energy development projects in developing countries, with a focus on international cooperation and institutional arrangements. The text mentions the World Bank and the International Finance Corporation (IFC) as organizations involved in this effort, which suggests that the topic is related to economic development and natural resources.

**Category**
Economic development, Natural resources and environment