UN General Assembly
1983

261. I am convinced that, without this concerted action at the international level, no degree of recovery in the Western world will end the deepening economic crisis in the developing countries. 262. It is now nearly seven years since the Integrated Programme for Commodities was adopted under the auspices of UNCTAD. It is disappointing to note the slow progress made on this important programme, in spite of innumerable meetings and conferences. The Integrated Programme should be put into effect rapidly, now that the Common Fund has been established. 263. The need for such action is all the more pressing in light of the virtual collapse of the export earnings of many primary producing developing countries. We should also consider implementing an emergency programme to supplement the existing export earnings stabilization schemes available through IMF system.