UN General Assembly
2000

sorely lagged in meeting their pledges of development assistance. More aid now means no need for it later. Nepal commends those rich countries that have met the aid targets, and urges others to do so. It is disturbing that the United Nations funds and programmes, which are the main sources of unconditional assistance, have been facing a decline in their resource base; we call on the global community to replenish their fungible resources. Although global trade has increased several times in the last few years, the developing countries — especially, the least developed ones — are losing ground as their share in world trade diminishes, due mainly to the declining terms of trade for them. Globalization has gained momentum as people, trade and services move across borders at an exceptional speed. And information technology has opened a whole new vista of communication, including e-commerce. Much as both of these phenomena have potential benefits for all, they have benefited some more than others, widening the disparity between the rich and the poor. We believe that the wealthy countries, together