 This Special Fund was a compromise over the SUNFED concept, it did not provide investment capital, but only helped to bring pre-conditions for private investment.With the US proposing and creating the International Development Association within the World Bank's umbrella, the EPTA and the Special Fund appeared to be conducting similar work.In 1962, the United Nations Economic and Social Council asked the Secretary General to consider the merits and disadvantages of merging UN technical assistance programs and in 1966, the EPTA and the Special Fund merged to form the UNDP.