Immediate measures in favour of the developing countries.

  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, 3362 (S-VII)of 16 September 1975 on development and international economic co-operation and 35/56 of 5 December 1980 the annex to which contains the International Development Strategy for the Third United Nations Development Decade, Deeply concerned by the world economic crisis which creates great economic problems for the developing countries and has a negative impact on their development process, Convinced that the structural economic problems facing the development of the developing countries require solution through a restructuring of international economic relations within the framework of the establishment of the new international economic order, Further convinced that immediate measures in favour of the developing countries would contribute to the lessening of their present economic problems, Noting, in this context, that the increased deficit in the balance of payments of the developing countries, the deterioration of their terms of trade, the adverse effects of high interest rates on the servicing of their external debt and on their access to international capital markets, insufficient increase of flows of multilateral assistance on concessional terms, including technical assistance, the severity of the terms of financial assistance, the precarious nature of the food situation, the adverse effects of protectionist pressures in the international economy on the economies of the developing countries, the inequitable terms of transfer of technology, the impediments for developing countries to gain access to the international capital markets and the price fluctuations of raw materials, as well as the downward trend in the prices of commodities, constitute serious obstacles to the economic growth of the developing countries, to the servicing of their external debt, to the procurement of their essential imports of food, industrial products, energy and technology and to the earnings for their exports and that these symptoms of deep crisis require urgent and effective measures on the part of the international community, Calling for the immediate launching and successful conclusion of the global negotiations on international co-operation for development, Reaffirming that resolution 34/138 of 14 December 1979 provides that global negotiations should not involve any interruption of, or have any adverse effect upon, the negotiations in other United Nations forums but should reinforce and draw upon them, Reiterating in this context the need for urgent concurrent efforts infields that are of critical importance for the developing countries such as food, assistance in the development of energy resources of developing countries by the World Bank and balance-of-payments support by the International Monetary Fund, financial flows, trade and raw materials at the forthcoming conferences and meetings of the United Nations system, Noting the Declaration by the Ministers for Foreign Affairs of the Group of 77 of 8 October 1982 issued in New York, which inter alia, stressed that without prejudice to the adoption and the implementation of long-term and structural changes and the launching of the global negotiations, concrete emergency action, to benefit all developing countries, should be taken on the most pressing economic questions which present a short-term threat to the international community, Taking note of the statement of the Secretary-General to the Economic and Social Council at its second regular session of 1982 in which he, inter alia, called for concerted and immediate international action aiming at abroad economic recovery,

1. Agrees that concrete immediate action to benefit all developing countries should be taken on the pressing economic problems which present a short-term threat to the world economy;

2. Affirms that in order to create favourable conditions for the development of developing countries, the developed countries should, individually and collectively, take effective and concrete measures to complement the efforts of the developing countries to meet the problems resulting from the world economic crisis, which affects, in particular, the development of developing countries and severely threatens their economies;

3. Calls upon the international community, particularly within the framework of the United Nations, to take immediate, effective and concrete measures in the areas of critical importance to developing countries, as outlined in the eighth preambular paragraph above, in forthcoming conferences and meetings;

4. Reaffirms that the present world economic crisis and, in particular, the obstacles to the development of the developing countries are a result of structural malfunctioning and disequilibrium in present international economic relations and, therefore, calls upon the international community to engage ineffective negotiations, within the framework of restructuring the international economic relations, towards the establishment of the new international economic order.