Which of the following statement about North-South dialogue and UNCTAD is not correct?
1
In the decade of 1960s and 1970s, the Chief Spokesperson of the South was Raul Prebisch.
2
The major initiative taken during Prebisch's tenure included the creation of commodity agreements and increased financial aid from the developed North to the South.
3
In its early stage of operation, UNCTAD gained authoritative standing as an intergovernmental forum for North-South Dialogue and negotiations on issues of interest to developing countries, including debates on the 'New International Economic Order'.
4
Prebisch was the second Secretary General of the United Nations. Conference on Trade and Development (UNCTAD) from 1965 to 1970.