UN General Assembly
1967

121. As far as GATT is concerned, the problem is not so much to modify its spirit as to remodel its structures so as to adapt them better to the realities of the system on which trade has been based up to the present, and to facilitate the access of the new nations, which ardently desire it, to a world economic circuit where alone the problems of hunger and under-development can gradually be disposed of. 122. With regard to the International Monetary Fund, which the recent agreements have shown to be of great importance, it is high time it tried to apply the conclusions drawn from its studies, namely that the close interdependence characteristic of monetary phenomena, and the Fund's incalculable responsibility at the world level in respect of factors of development, fully justify a review of its machinery and in fact the implementation of its decisions, in the interests of the developing countries.