International monetary reform.

34. RESOLUTIONS ADOPTED ON THE REPORTS OF THE SECOND COMMITTEE
216. International monetary reform

The General Assembly, Recalling its resolutions 3201 (S-VI) and 3202 (S-VI) of 1 May 1974, containing the Declaration and the Programme of Action on the Establishment of a New International Economic Order, 3281 (XXIX) of 12 December 1974, containing the Charter of Economic Rights and Duties of States, and 3362 (S-VII) of 16 September 1975 on development and international economic co-operation, Recalling also its resolution 33/193 of 29 January 1979 on the preparations for an international development strategy for the third United Nations development decade, in which it stressed, inter alia, the need to enhance the responsiveness of the international monetary system to the needs and interests of the developing countries in the context of further reform of the system for the benefit of the international community, Recalling further resolution 128 (V) of 3 June 1979 of the United Nations Conference on Trade and Development[1] on international monetary reform, Taking note with satisfaction of the Outline for a Programme of Action on International Monetary Reform adopted by the Group of Seventy-seven at its ministerial meeting held at Belgrade on 29 September 1979 [2] Recognizing the urgent need for comprehensive reform of the international monetary system, with a view to making it more responsive to the needs and interests of the developing countries, Recognizing also that the effective and full participation of the developing countries is necessary for such comprehensive reform of the current international monetary system,

1. Invites the appropriate organs, organizations and bodies of the United Nations system to examine positively the Outline for a Programme of Action on International Monetary Reform, to take the necessary decisions to implement the measures therein, with a view to ensuring that progress in this area shall contribute to the establishment of the new international economic order, and to report to the General Assembly at its thirty-fifth session on the progress made in this field;

2. Welcomes with satisfaction the establishment, by resolution 128 (V) of the United Nations Conference on Trade and Development, of an ad hoc intergovernmental high-level group of experts to examine fundamental issues regarding the future evolution of the international monetary system, and requests that its report, together with the comments of the Trade and Development Board thereon, should be made available to the General Assembly at its thirty-fifth session.

109th plenary meeting
19 December 1979

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[1] See Proceedings of the United Nations Conference on Trade and Development, Fifth Session, vol. I, Report and Annexes (United Nations publication, Sales No. E.79.II.D.14), part one, sect. A. [2] See A/C.2/34/13.