UN General Assembly
1992

end of the cold war, the Non-Aligned Movement, we found, was larger, stronger and even more relevant than ever before. Many of the old divisions in the Movement had closed, and a new cohesion had been found. Moreover, the Movement had turned more of its attention to problems of trade, finance, technology and all those other things that make up economic relations between nations. The end of the cold war may have greatly diminished the likelihood of worldwide conflict and global cataclysm, but it has given rise to new challenges that are just as threatening for the peoples of many nations and regions, even as many of the old issues remain unresolved. The weight of their external debt continues to crush the economies of many developing countries, including those countries, like the Philippines, which have made strenuous efforts to pay their debts religiously. Surely, with some imagination and creativity, and a modicum of good will and enlightened self-interest, the nations of the world can, together, arrive at some solution that would allow the debtor countries to develop and get out