UN General Assembly
1973

46. Today the atmosphere is conducive to an undertaking of the required profound changes in the international economy along those lines. But the monetary system has reached a critical moment where a revision is called for, and the needs and requirements of the developing nations must be heeded. In this respect, it is indispensable that the means of international payment should be such that development can be financed adequately, and that there be a monetary reordering that will take into account the interests of all nations, and not only one group of them. At the same time, in the financial field, the international community must recognize the very serious situation created by foreign debt on the less developed nations.