UN General Assembly
1977

126. We consider that it is encouraging to have an agreement on the principles and procedures applicable to a firm supervision of the exchange systems and practices of member countries. We hope that IMF, in applying these procedures, will take into account the circumstances of the developing countries. 127. As regards the use of IMF resources, we again urge that the conditions for drawing upon IMF should be applied with flexibility so that as many of our countries as possible may benefit from financial assistance. Because of this we attach the utmost importance to the seventh general review of quotas, which would enable the Fund not only to acquire additional resources but also to authorize member countries, particularly the poorer ones, to receive increased aid. 128. I cannot better conclude than by reaffirming the unflagging faith of my country in the sacred principles upon which our institutions are based and our determination to work together with those who believe in the future of the United Nations so that peace, understanding and solidarity will for ever prevail in international relations.