Takes note of the report of the Secretary-General on the implementation of the programme for the Second Industrial Development Decade for Africa (1993-2002);
2
Reaffirms the importance of industrialization as a dynamic instrument of growth, essential to sustainable economic and social development of developing countries, particularly in Africa;
3
Considers industrial development to be an important vehicle for poverty eradication, income and employment generation, social integration and vertical diversification;
4
Recognizes the need for increasing the integration of African industry in world manufacturing, and for that purpose calls for the support of the international community in achieving the goals of the Second Decade;
5
Also recognizes the responsibility of the African countries in the implementation of the programme of the Second Decade, and calls upon them to continue to undertake appropriate measures to promote economic growth and sustainable development, including by continuing to promote a favourable climate for foreign investment;
6
Requeststhe United Nations Industrial Development Organization to give full assistance to improving the competitiveness of the industrial sector in Africa and to formulating measures to improve it in the light of the conclusion of the Uruguay Round of multilateral trade negotiations;
7
Also requeststhe United Nations Industrial Development Organization, in cooperation with the African Development Bank and other subregional, regional and international financial and banking institutions, to provide support, especially in the development of new and innovative measures to mobilize resources and promote foreign direct investment, to African countries;
8
Calls upon the Economic Commission for Africa and the Organization of African Unity to facilitate cooperation with the United Nations Industrial Development Organization in order to provide support to improve African industrial cooperation and to integrate the African Economic Community into the industrial sphere, particularly in the areas of industrial policy, technology, human resource development, industrial investment, small-scale industries, enterprise development and institutional infrastructure, all of these being essential for poverty eradication, employment generation, social integration and vertical integration;
9
Requeststhe Secretary-General to report on the implementation of the present resolution to the General Assembly at its fiftieth session.
iParagraph content is machine-extracted from UN documents. For authoritative content, please refer to the official UN document.
