Immediate Measures in Favour of the Most Seriously Affected Countries

A/RES/34/217No PDF available

Who created this mandate?

A Resolution of the General Assembly, under agenda item 55Development and international economic cooperation, published in 1980.

What subjects does this mandate have?

1 topic

Most Seriously Affected Countries

What does this mandate say?

8 operative paragraphs

Requests the Secretary-General, in close cooperation with the appropriate organs, organizations and bodies of the United Nations system, to review and study speedily the situation of those developing countries which, given their low per capita income as a reflection of relative poverty, low productivity and low level of technology and development, merit consideration as most seriously affected by the current economic crisis caused by sharp increases in the prices of their essential imports, to submit a preliminary report to the Committee of the Whole Established under General Assembly Resolution 32/ 174 at its first substantive session in 1980, as well as to the Preparatory Committee for the New International Development Strategy at its fourth session, and to include a final report in the analytical report to the Assembly at its special session in 1980;

Calls upon all donor countries, in the meantime, to consider extending relief and assistance to those countries which may be most seriously affected by the current economic crisis, bearing in mind immediate balanceof-payments and development needs; to this end, urgent ~onsideration should be given, inter alia, to the followmg measures:

Making their best efforts to increase substantially financial assistance on grant or highly concessional terms 285 See also sect. I, foot-note 11.

286 According to the definition in section X of resolution 3202 (S. VI).

V. in the context of the commitments entered into by the United Nations Conference on Trade and Development at its fifth session;

Developed countries which have not yet done so should take steps as quickly as possible to apply the conclusions approved under section A of Trade and Development Board resolution 165 (S-IX) of 11 March 1978;237 (c)

Provision of financial assistance on favourable terms, inter alia, to meet their food deficit and agricultural development requirements;

Industrialization efforts should receive a due share of the resources transferred to those countries,

taking into account their development priorities;

Notes that the International Monetary Fnnd is studying the possibility of establishing an interest subsidy for the Supplementary Financing Facility, that the Development Committee has requested the Executive Board of the Fund to give attention to developing ways and means of lowering the interest costs of the Supplementary Financing Facility and that the Fund has recently extended the maturities of drawings on the Extended Financing Facility, and invites the Fund to give consideration to proposals in those areas;

Invites the International Monetary Fund to take into account, within the context of its financing facilities and guidelines, the adverse balance-of-payments effects caused by the rise in the food import bills of those countries which may be most seriously affected by the current economic crisis;

Invites the multilateral development and financial institutions to give special attention to the development and immediate balance-of-payments needs of those countries which may be most seriously affected by the current economic crisis; in that context, appropriate bodies in the International Monetary Fund and the World Bank are invited to continue to consider within their respective fields of competence the relevant proposals contained in the Outline for a Programme of Action on International Monetary Reform adopted by the Group of Seventyseven at its ministerial meeting held at Belgrade on 29 September 1979.288

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