(Mr. Foran) 74. In paragraphs 8 to 11 of his report, the Secretary-General described the diversification of the portfolio of the Fund by type of investments, industry groups, geographical area and currency. Detailed statistics were provided in the annex. 75. Section III of the report was concerned with the implementation of General Assembly resolutions. Paragraph 13 referred to the difficulties experienced in the reinvestment of transnational holdings, particularly since there was no clear or officially accepted definition of a "transnational" corporation. '!he objective of increasing development-related investments had been met since the value of such investments had increased by 15 per cent as of 30 June 1983 as compared with the previous year; their value at cost currently amounted to $US 554 million. Efforts continued to be made to locate investments in Africa. The investments in that continent had increased from $27.6 million on 30 June 1982 to $50.2 million on 30 June 1983. A special mission had been sent to Africa and had obtained a considerable volume of information on the current situation. It was proposed that a follow-up mission would be sent in 1984. It had been determined that investments in regional development institutions were an effective means of increasing development-related investments. 76. He wished to make a few general observations on the investment decision-making process. A review had recently been undertaken on the question and the results had been reported to the Board. The broad conclusion had been that as long as the investments provided returns which were comparable with or better than market indices, there was no reason to make any drastic change in management procedures. The objective of investments was to secure the pension entitlements of the staff and preserve the Fund's capital by avoiding both risk and undue conservatism. 
**Analysis**
The text discusses the diversification of investments by the Fund, focusing on development-related investments, particularly in Africa, and the implementation of General Assembly resolutions. It also touches on the investment decision-making process and the objective of securing pension entitlements and preserving the Fund's capital. The text does not appear to be related to natural resources, environment, agriculture, forestry, fishing, health, education, employment, humanitarian aid, culture, or science and technology.

**Category**
Economic development, International trade