UN General Assembly
1987

To the least developed countries, whose social and humanitarian programmes are held in abeyance because of debt repayment and debt servicing, the cynicism mingled with humour of a socio-economist can be applied - namely, that the inherent vice in some economic systems is the unequal sharing of blessings, while the inherent virtue in others is the equal sharing of miseries. In the final analysis, if the external-debt problem is allowed to erode further, the economies of both developed and developing countries stand to suffer. As one of the smallest island developing States Members of the United Nations, Grenada has a special interest in the question of island developing countries.