UN General Assembly
1971

90. By far the most deplorable aspect of this crisis is the plight of the developing countries. Innocent bystanders, with no role either in precipitating me crisis or in its solution, these poor countries stand to suffer the gravest injuries from its consequences. 91. The predicament of the developing countries has been recognized by the President of the World Bank Group, Mr. Robert S, McNamara. In the introduction to his address to the World Bank's Board of Governors on 27 September, he declared and these are very important words: "It is clear that we are in for a difficult period of basic readjustments in international monetary and trade arrangements and that the repercussions may continue for some time. Although the solution of these problems is not the responsibility of the World Bank, We are deeply concerned with the manner of their resolution because of the impact it may have on the external trade of the developing countries, and on the resource Rows to them".