UN General Assembly
1988

The performance of developing countries is important to the world economy. Central to the prospects of the developing countries are a healthy global environment and an open trading system, adequate financial flows and also their commitment to appropriate economic reforms. The problems of many heavily indebted developing countries are a cause of economic and political concern and can be a threat to political stability in the developing countries themselves. Many indebted countries have begun the difficult process of macro-economic adjustment and structural reform necessary for sustained progress. My Government urges an increase in concessional resource flows to help the poorest developing countries resume sustained growth, especially in cases where it is extremely difficult for them to service their debts. Protectionist measures, particularly in large developed countries, should be removed without delay so that a more favourable environment can be built for accelerated growth in international trade.