Debt Problems of Developing Countries

A/RES/31/158No PDF available

Who created this mandate?

A Resolution of the General Assembly, under agenda items 56United Nations Conference on Trade and Development and 66Development and international economic cooperation, published in 1977.

What other versions does this mandate have?

3 versions · 1977–1979

This is an older version — the most recent is A/RES/33/159

1979A/RES/33/159Debt problems of developing countriesLatestCompare with previous version
1978A/RES/32/187Debt problems of developing countriesCompare with previous version
1977A/RES/31/158Debt problems of developing countries

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What subjects does this mandate have?

3 topics

Debt Relief Debt Renegotiation Debt Restructuring

What does this mandate say?

6 operative paragraphs

Considers that it is integral to the establishment of the new international economic order to give a new orientation to procedures of reorganization of debt owed to developed countries away from the past experience of a primarily commercial framework towards a developmental approach;

Affirms the urgency of reaching a general and effective solution to the debt problems of developing countries;

Agrees that future debt negotiations should be considered within the context of internationally agreed development targets, national development objectives and international financial co-operation, and debt reorganization of interested developing countries carried out in accordance with the objectives, procedures and institutions evolved for that purpose;

Stresses that all these measures should be considered and implemented in a manner not prejudicial to the credit-worthiness of any developing country;

Urges the International Conference on Economic Co-operation to reach an early agreement on the question of immediate and generalized debt relief of the official debts of the developing countries, in particular of the most seriously affected, least developed, landlocked and island developing countries, and on the reorganization of the entire system of debt renegotiations to give it a developmental rather than a commercial orientation;

Requests the Trade and Development Board of the United Nations Conference on Trade and Development, at its ministerial session to be held in 1977, to review the results of negotiations on this question in other forums and to reach agreement on concrete measures to provide an immediate solution to the debt problems of developing countries, and requests the Secretary-General of the United Nations Conference on Trade and Development to report thereon to the General Assembly at its thirty-second session.

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