Considers that it is integral to the establishment of the new international economic order to give a new orientation to procedures of reorganization of debt owed to developed countries away from the past experience of a primarily commercial framework towards a developmental approach;
2
Affirms the urgency of reaching a general and effective solution to the debt problems of developing countries;
3
Agrees that future debt negotiations should be considered within the context of internationally agreed development targets, national development objectives and international financial co-operation, and debt reorganization of interested developing countries carried out in accordance with the objectives, procedures and institutions evolved for that purpose;
4
Stresses that all these measures should be considered and implemented in a manner not prejudicial to the credit-worthiness of any developing country;
5
Urgesthe International Conference on Economic Co-operation to reach an early agreement on the question of immediate and generalized debt relief of the official debts of the developing countries, in particular of the most seriously affected, least developed, landlocked and island developing countries, and on the reorganization of the entire system of debt renegotiations to give it a developmental rather than a commercial orientation;
6
Requeststhe Trade and Development Board of the United Nations Conference on Trade and Development, at its ministerial session to be held in 1977, to review the results of negotiations on this question in other forums and to reach agreement on concrete measures to provide an immediate solution to the debt problems of developing countries, and requests the Secretary-General of the United Nations Conference on Trade and Development to report thereon to the General Assembly at its thirty-second session.
158 Ibid.
110 See also sect. X.B.3 below. decision 31/419. 59 Resolution 2626 (XXV).
