UN General Assembly
1982

unemployment at the expense of the developing world. 241. In this setting Latin America has felt the need to lay the groundwork for a strategy for independence and security. At the eighth regular meeting of the Council of the Latin American Economic System, held this past August in Caracas, our countries reasserted the sovereign right of all nations to adopt their own path in the economic, social and political fields in peace and free from pressure, aggression and external threats. 242. In Managua, the seventeenth Regional Conference for Latin America of FAO also urged the creation of security machinery in terms of foodstuffs in order to decrease the vulnerability of Latin American and Caribbean nations with regard to one or several industrialized countries. And, in Toronto, on the occasion of the Joint Meeting of the International Monetary Fund and the World Bank, our country, on behalf of Latin America, the Philippines and Spain, voiced its opposition to intervention by certain institutions in the system of economic organization of countries in need of assistance.