Debt Problems of Developing Countries

A/RES/32/187No PDF available

Who created this mandate?

A Resolution of the General Assembly, under agenda item 58United Nations Conference on Trade and Development, published in 1978.

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?

4 topics

Capital Markets Debt Relief Debt Restructuring Development Assistance

What does this mandate say?

6 operative paragraphs

W elcomes the adoption of the provisional agenda for the part of the ninth special session of the Trade and Development Board to be held at the ministerial leve!, 166 which includes proposals for the immediate solution of the debt problems of developing countries;

Calls upon the Trade and Development Board at its ministerial session to reach satisfactory decisions on:

Generalized debt relief by the developed countries on the official debt of developing countries, in particular of the most seriously affected, least developed, land-locked and island developing countries, in the context of the call for a substantial increase in net official development assistance flows to developing countries;

( b) Reorganization of the en tire system of debt renegotiation to give it a developmental orientation so as to result in adequate, equitablc and consistent debt reorganizations;

The problems created by the inadequate access of the majority of developing countries to intcrnational capital markets, in particular the danger of the bunching of repayments caused by the short maturities of such loans;

W elcomes the steps taken by sorne developed countries to cancel official debts owed to them by

165 See A/31/478/Add.l and Add.1/Corr.1, chap. III,

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certain dcveloping countries and the decision to extend futurc official devclopment assistancc in favour of the most seriously affected and the Ieast developed of the devcloping countries in the form of grants, and urges that this be followed by similar decisions by other developed countrics;

Rccommends that additional financia! resources should be committed by multilateral development financc institutions to the developing countries experiencing debt-scrvicing difficulties.

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