UN General Assembly
1984

284. Otherwise, the budgets of developing countries would in turn collapse—for example, from the failure of export revenues. Countries would then be faced with an impossible choice between curtailing their development programmes, on the one hand, and, on the other, risking inflation by printing the money needed to finance their budget deficits. A second emergency requirement would be an IMF facility to meet the international debt problem. Finally, there is the need for IMF to create special drawing rights in the required measure. An irrefutable case has been made for this by numerous organizations and authorities. This gains special weight during a period when recovery in the developed countries is as delicate as it is and when inflation has declined. A genuine and enduring recovery of the international economy requires, in brief, a global effort.