UN General Assembly
1989

In this context, we have to decide that world attention to the economic problems of third-world countries should not be limited to providing emergency relief in cases of natural disasters or famine, but should extend to genuine contribution to accelerating the development process. As was the case at the African summit Conference last July, the Non-Aligned summit meeting underlined the importance of engaging in fruitful dialogue with the industrial developed countries about fundamental economic issues. The summit meeting welcomed the quadripartite initiative proposed in the French capital during the summit meeting of the seven industrialized countries. The leaders of the non-aligned countries called for the need to translate the measures and initiatives aimed at debt relief into a comprehensive confrontation of the debt problem, through debt and debt-service reduction, provided such comprehensive tackling embraced all categories of indebted developing countries and all types of debt, both official and commercial.