UN General Assembly
1994

the developing countries affected by the new system. Along these lines, the implementation of the United Nations New Agenda for the Development of Africa in the 1990s, adopted by the General Assembly in 1991, and the implementation of the Paris Declaration and the Programme of Action for the Least Developed Countries for the 1990s, adopted in 1990, should, in our opinion, be geared to an increase in the volume of official development assistance, the promotion of respect for commitments that have been undertaken for new and additional resources for international cooperation, and a greater lightening of the debt burden, or even its cancellation. It would be desirable to adopt policies that ensured an adequate flow of concessional financing to the developing countries, in particular to the least developed among them; stimulated other flows of capital, including direct investment; reversed the negative trend in financial flows, and created mechanisms and allocated resources related to development. It can never be overemphasized that sustainable development is a prerequisite to lasting peace. The right to development must be considered, henceforth, as a