UN General Assembly
1976

25. Regarding the world economic situation, we are all familiar with the reasons and developments which led to the current international economic crisis. Although there are some prospects for improvement on the world economic scene, economic growth in the developing countries has generally been scanty and in certain cases there has been some negative growth. The most seriously affected countries have been the ones least able to withstand this crisis. Considering that 18 out of the 29 least developed countries are located in Africa, many of them being land-locked or situated in disaster areas, and that Africa also contains 28 of the 45 most seriously affected countries [see A/31121, annex IV), the African continent has been the most severely hit of all the regions of the world. In this respect, the continent deserves increased assistance from the international community.