UN General Assembly
1986

The major imbalances in the world economy, the mounting burdens of external debt, the intensifying protectionism and the falling commodity prices reflect deeper structural deficiencies in the international economic order which need to be urgently addressed. In this regard, we support the proposal made by the Group of 24 in Washington to constitute a representative committee of ministers to examine further the different proposals for monetary improvement and reform. Such an examination could be an important preparatory process leading towards the convening of an international conference on money and finance for development. The forthcoming meeting of the United Nations Conference on Trade and Development (UNCTAD) would also provide an important opportunity to consider in an integrated and comprehensive manner the interrelated areas of money, finance, trade and development; and we would urge all countries to co-operate fully in reaching an early agreement on the agenda and other issues related to it. It is particularly important that the role and mandate of UNCTAD in dealing with trade and development policies should be pursued and further strengthened.