W elcomes the adoption of the provisional agenda for the part of the ninth special session of the Trade and Development Board to be held at the ministerial leve!, 166 which includes proposals for the immediate solution of the debt problems of developing countries;
2
Calls uponthe Trade and Development Board at its ministerial session to reach satisfactory decisions on:
a
Generalized debt relief by the developed countries on the official debt of developing countries, in particular of the most seriously affected, least developed, land-locked and island developing countries, in the context of the call for a substantial increase in net official development assistance flows to developing countries;
( b) Reorganization of the en tire system of debt renegotiation to give it a developmental orientation so as to result in adequate, equitablc and consistent debt reorganizations;
e
The problems created by the inadequate access of the majority of developing countries to intcrnational capital markets, in particular the danger of the bunching of repayments caused by the short maturities of such loans;
3
W elcomes the steps taken by sorne developed countries to cancel official debts owed to them by
165 See A/31/478/Add.l and Add.1/Corr.1, chap. III,
ll7
certain dcveloping countries and the decision to extend futurc official devclopment assistancc in favour of the most seriously affected and the Ieast developed of the devcloping countries in the form of grants, and urges that this be followed by similar decisions by other developed countrics;
4
Rccommends that additional financia! resources should be committed by multilateral development financc institutions to the developing countries experiencing debt-scrvicing difficulties.
16:J A/32/ l 26 and Add.1.
164 See Proceedings of the United Nations Conference on Trade and D~velopm~nt, Fourth Session, vol. J, Report and 162 See sect. X.B.6.
