UN General Assembly
1976

300. Similarly, my delegation fully supports all special measures in favor of the least-developed and land-locked developing countries. Taking into account the urgent needs of those countries and the fact that their enormous difficulties constitute a heavy burden and, directly and indirectly, have far-reaching negative ramifications on their development efforts, we hope that this session of the General Assembly will energetically pursue the translation into action of the various recommendations and resolutions adopted in this field. 301. The prevailing monetary system needs a radical overhaul and reform to ensure an increase in the role of special drawing rights in international reserves and parity in decision-making between developed and developing countries. Moreover, the International Monetary Fund should not restrict itself to purely monetary problems, but should be ready to extend balance-of-payments support and developmental assistance to the developing and least- developed countries.