UN General Assembly
1989

If we recognize that we face a long-term problem which, if not solved, may threaten economic development, the international banking system and even international peace and security, we cannot escape the conclusion that we need to tackle the problem on a multilateral, systematic basis. There is no panacea, but there is nothing to or event our considering certain proposals, including those of Professor Robert A. Mundell, without committing ourselves to then. For example, would it be a viable proposition to combine the potential of the Bank for International Settlements with an informal agency on the model of the General Agreement on Tariffs and Trade (GATT), to be called "general agreement on debt, adjustment and development policies"?