UN General Assembly
1969

the seventies must largely depend. 68. My Government informed the Secretary-General of its views at the beginning of this year, and at the three previous sessions it expressed its opinions very clearly on the establishment of global and sectoral objectives and on the policy measures which it considered necessary for their attainment. It is important that the Preparatory Committee should not slacken the efforts it has been making. We consider, indeed, that the time for statements has now passed in the Committee’s work and. that it should now embark on the stage of negotiations on policy measures. 69. With respect to financial co-operation, we think that it is necessary to modernize the concepts and methods hitherto used. The flow of public and private international resources to the developing countries is not sufficient to supplement the domestic investment designed to reduce the income differences between the different groups of countries which make up the world community. Arrangements must be found which will ensure the continuation of aid and compensatory financing, but on terms compatible with