100. One delegation pointed out that the Buenos Aires Plan of Action called for the provision of resources from UNDP to be allocated to developing countries for strengthening TCDC.

100. One delegation pointed out that the Buenos Aires Plan of Action called for the provision of resources from UNDP to be allocated to developing countries for strengthening TCDC.

Many international commodity bodies and intergovernmental bodies are short of resources for project preparation and the Fund has only limited resources for allocation to African countries in this respect, considering its global focus.

Not only does India have considerable resources of its own to put towards investment as the persistence of global recession drives down returns in the West, foreign investors will look anew at India.

As a demonstration of the application of the enabling strategies, it is implementing a pilot housing project which involves infrastructural development of arid land and its subdivision into 1,400 plots for allocation to the low income target group, setting up a housing finance system, preparation of building plans, and the provision of technical assistance to owner builders.

There are other reasons for confidence that India will weather the storm. Not only does India have considerable resources of its own to put towards investment as the persistence of global recession drives down returns in the West, foreign investors will look anew at India.