While much has been accomplished in the past to mobilise resources on an international as well as on a bilateral basis to assist in lifting the living standards of two-third of the human race living in the poverty and want ,it is abundantly clear that the rate of the development has fallen for short of meeting the needs and hopes of emerging peoples, and the risk cannot be ignored that their disappointment may well overflow to the extent of endangering an orderly pace of development. The present division of the world into rich and poor countries is much more real and much more series and ultimately much more explosive, than the division of the world ideological grounds.