UN General Assembly
1988

In this context, I wish to refer to my country's deep concern over the external debt problem, given its overriding importance for our countries. More than five years have elapsed since the first initiatives were taken in this area, but not only does the problem persist but there have been no positive prospects for a solution. I believe that the time has come to analyse the problem once again, the· time through a more realistic and pragmatic approach, lb this end a basic strategy should be established by taking account of the positions and interests of the debtor and creditor countries alike, not only in financial terms but also through a broader, more comprehensive approach, without underestimating other problems such as political, social and economic problems which stem from or are the cause of the debt problem.