Urges the international community to continue to search, through dialogue and shared responsibility, for a durable, equitable and mutually agreed growth-oriented and development-oriented solution to the external indebtedness of developing countries; invites the multilateral financial institutions to continue to review conditionality criteria, taking into account, inter alia, social objectives, growth and development priorities of developing countries and changing conditions of the world economy, and stresses further the need for increased co-operation between the IMF, the World Bank and other multilateral financial institutions, which should not lead to cross-conditionality; reaffirms that a major objective of any debt strategy should be that debtor developing countries achieve an adequate level of growth sufficient to enable them to satisfy their social, economic and development needs, which will in turn enhance their ability to service debt.

Adopted 150-1-1, 83rd meeting

4 p.

Adopted at the 83rd plenary meeting, 20 Dec. 1988.
In: Resolutions and decisions adopted by the General Assembly during its 43rd session, Volume 1, 20 September-22 December 1988. - A/43/49. - 1989. - p. 148-149. - (GAOR, 43rd sess., Suppl. no. 49).