Trends in the transfer of resources to and from the developing countries and their impact on the economic growth and sustained development of those countries : resolution / adopted by the General Assembly.
TitleTrends in the transfer of resources to and from the developing countries and their impact on the economic growth and sustained development of those countries : resolution / adopted by the General Assembly.
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Urges the international community to take concrete measures to ensure adequate resources for the reactivation of economic growth and sustained development in developing countries, taking into account the following recommendations: (a) the Governments of developed countries should promote an adequate flow of resources to developing countries, and donor countries should bring up the official development assistance rate as quickly as possible to internationally agreed targets; (b) national economic measures should be taken that are conducive to capital formation in developing countries with insufficient savings and flow of external resources; (c) there shoud be a reduction in the stock and service of debt that is large enough to contribute to the resumption of vigorous growth and sustained development in indebted developing countries; (d) the Governments of countries members of multilateral financial institutions should ensure that these institutions have an adequate level of resources for the full discharge of their mandates; (e) intensified efforts should be made by industrial countries to continue structural adjustment, maintain the vigour of their expansion while reducing and/or containing inflation; (f) all Governments should work towards a more open international trading system that improves access, especially for the export products of developing countries; recommends that the Trade and Development Board give in-depth consideration at its 37th session to the transfer of resources to and from developing countries.
Adopted at the 85th plenary meeting, 22 Dec. 1989. In: Resolutions and decisions adopted by the General Assembly during its 44th session, Volume 1, 19 September-29 December 1989. - A/44/49. - 1990. - p. 158. - (GAOR, 44th sess., Suppl. no. 49).