Role of transnational banks in developing countries.

Requests the Secretary-General to prepare for submission to the Commission on Transnational Corporations at its 16th session a report on the present and potential activities of transnational banks related to the external indebtedness of developing countries and certain other countries with serious debt-servicing problems, taking into account the recent proposals that emphasize reduction of the stock and service of commercial debt.

Adopted 52-1-1, 15th meeting

Adopted at the 15th plenary meeting, 24 May 1989.
In: Resolutions and decisions adopted by the Economic and Social Council at its 1st regular session of 1989, 2-24 May 1989. - E/1989/INF/7. - 14 July 1989. - p. 53. - Issued in ESCOR, 1989, Suppl. no. 1.