UN General Assembly
1985

The much vaunted recovery has begun a kind of LochNess monster and proves how inadequate are the partial and unilateral solutions taken by the developed countries to deal with structural problems. In our view, only a global and concerted approach encompassing all the realities of this complex situation, in particular taking into account the serious financial difficulties of the developing countries, will be sufficient to extirpate these ills. Indeed, the developing countries are seeing the prices of their commodities falling constantly, and thus their export earnings are reduced at a time when the debt load is becoming increasingly difficult to bear. My country, the Federal Islamic Republic of the Comoros, one of the least developed countries, is feeling the damaging effects of this crisis particularly painfully. For, as an island country of very limited resources and remote from the major centers of international communications, we are suffering from a continued fall in export earnings, leading to a substantial reduction in purchasing power.