UN General Assembly
2000

sustained, adequate levels of external funding must complement our economic reform efforts. Debt relief under the HIPC Initiative should also not be a substitute for increased bilateral non- debt-creating aid, and neither should it be financed through reallocation of committed aid.” Even acknowledging the importance of the HIPC initiative, the burden of meeting debt service payments would remain heavy even after debt relief for most of the least developed countries. We therefore call upon the donor community to increase HIPC debt relief and to consider additional relief measures, including debt cancellation, so that scarce resources will be released to cater for economic development and poverty eradication programmes. The development of the least developed countries depends on improvement of their capacity to produce goods and services. Improvement of terms of trade and market access for the goods of least developed countries in the developed countries' markets would further contribute towards poverty eradication efforts. In that regard, we call upon developed countries to provide unhindered market access for goods from developing countries, particularly from least developed