The Board of Governors presented its report on the Agency's work during its seventh year, covering the period from July 1, 1963, to June 30, 1964, to the eighth General Conference of the International Atomic Energy Agency (IAEA). Noting that the membership of the Agency had increased from 82 to 87 during the year under review, the report listed the five new members: Algeria, Gabon, the Ivory Coast, Libya, and Nigeria. In its introduction, the report stated that the year had been marked by further notable improvement in the prospects for economically competitive nuclear power and by interesting developments with regard to the use of nuclear energy for desalinization. In accordance with a request of the General Conference, the Board had considered the question of financing IAEA's activities but had not been able to make any further recommendations.