External Debt Servicing by the Developing Countries

A/RES/3039(XXVII)View PDF

Who adopted this document and its mandates?

A Resolution of the General Assembly, published in 1973.

What subjects does this mandate have?

4 subjects

Debt Servicing External Debt Funds Report Preparation

What’s in this document?

14 operative paragraphs

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Decides to institute a World Development Information Day with the object of drawing the attention of world public opinion each year to development problems and till'. necessity of ~trcngthcning international co-operation to solve them;

Further decides that the date for this day shall coincide in principle with United Nations Day, 24 October, which is also the date on which the International Development Strategy for the Second Nations Development Decade was adopted in 1970;

Invites the Tracie and Development Board to study at its fifth special session, devoted to the review and appraisal of the Second United Nations Development Decade, the preliminary report of the Secretary- General of the United Nations, 11" as well as the interim report requested of the Secretary-General of the U nit~d Nations Conference on Trade and Development 111 agreed conclusion 89 (XII);

Requests the Secretary-General of the United Nations to prepare, for the fifth special session of the Trade and Development Board, a detailed report elaboratin~ the elements outlined in his preliminary report;

~Further invites the Secretary-General o( the United Nations to indicate in the detailed report mentioned in paragraph 4 above what measures he is c~msidering, in accordance with paragraph 5 of resolution 43 (II]) of the United Nations Conference on Trade and Development, to strengthen the informatiC?n services of the Conference and to regroup them, 111 close liaison with the Office of Public Information, in particular the Centre for Economic and Social Information and other United Nations information sources, in an information unit responsible for giving wider publicity to the debates and decisions of the Conference concerning problems of trade and development and to the objectives of the International Development Strategy of concern k• the Conference;

Requests the Trade and Development Board at its fifth special session to outline a programme of events for World Development Information Day in 1973 and to make specific proposals to that end;

Requests the Economic and Social Council at its fiftv-fifth session, taking into consideration the report of the Trade and Development Board on its fifth special sc:,sion, to draw up a programme of events for World Development Information Day in 1971.

2 l l 5th plenary meeting 19 nc,emher 1972

:10;19 (XXVII). External debt servtcmg hv the devPloping countriPi;1

Requests the Trade and Development Board to study, through its Committee on Invisibles and Financing related to Trade at its sixth session, the problems deriving from the burden for the developing countries represented by the servicing of their external debt, including the desirability and feasibility of the establishment and operation of a special fund for the financing, and/or compensation, of the interest on that debt;

Further requests the Secretary-General of the United Nations Conference on Trade and Development to prepare, after consultation with the President of the International Bank for Reconstruction and Development and the Managing Director of the International Monetary Fund, a study on the matters referred to in paragraph 1 above with a view to its submission to the Committee on Invisibles and Financing related to Trade for consideration at its sixth session.

3040 (XXVII). Multilateral trade negotiations

I nvitcs all Contracting Parties to the General Agreement on Tariffs and Trade to give priority attention to the economic and development needs of developing countries during the preparatory work as well as in all stages of the multilateral trade negoti:ltions:

Also invites the Contracting Parties to the General Agreement on Tariffs and Trade to re-examine, with a view to their adoption, the objectives of the developing countries in the multilateral trade negotiations that were not included in the summing-up by the Chairman at the twenty-eighth session of the General Agreement, particularly those relating to the economic development of the developing countries, such as an increased share for the developing countries in world trade, an improvement in the conditions of access for their exports to the markets of the industrialized countries and new rules for the international trade of those countries;

Declares that the multilateral trade negotiations should contribute effectively to a more equitable international division of labour;

Recommends that the Contracting Parties to the General Agreement on Tariffs and Trade should take full account of the following principles. to serve as guidelines for the multilateral trade negotiations:

The developing countries, collectively or individually, shall not suffer, directly or indirectly, adverse or prejudicial effects as a result of these negotiations: on the contrary, the negotiations 5hall provide the developing countries with additional benefits that repre-

10~ See Official Records of the General Assembly, Twentyseventh Session, Supplement No. I 5 (A/8715/Rev. J), part one, annex I.

Resolutions adoptNI on the reports o_f__'lie Second Comm_ittee_-____________ _

Who adopted this document and its mandates?

What subjects does this mandate have?

What’s in this document?

3040 (XXVII). Multilateral trade negotiations

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