UN General Assembly
1986

In addition to the negative effects of international economic relations on the economies of develop!- g countries, there are the inequalities in financial flows. Liquid transfers from the developing countries to the developed countries have reached alarming levels - $31 billion in 1985, according to a United Nations survey - whereas financial flows in the opposite direction, including public aid for development, have continued to fall off in absolute and real terms. The reduction in public aid for development has increased difficulties in these countries. For many years now capital flows on Favorable terms have diminished, and the target of 0.7 per cent of GNP for public aid to development in the international development strategy for the third decade is far from having been achieved.