consequence of falling investment. If medium- and long-term growth in the developing countries is to pick up, adequate investments are essential. No doubt the developing countries thei!Sel ves have to Play a keY role to initiate changes in this direction. However, their caPaci tv is limited. It is incumbent upOn the international community to assist the mobilization of resources for the purPOse through bilateral and multilateral channels. In this regard it is necessary for the donors to achieve the global official development assistance target for the delevopinq countries and for the least-developed countries by the 1990s. RH/4 A/S-18/PV~ 8 14-15 (Mr ~ · Ahsan; ·Bangladesh) If we are to move away from the crisis management of the 1980s and achieve transition from adjustment to long-term sustained qrowth, we must aqree on a comprehensive approach to the debt problem of developing countries. Their debt figure has already exceeded $1 trill ion. Recent initiatives to address this crisis have been larqelv piecemeal and inadequate. JPS/jg A/S-18/PV. 8 16 (Mr • Ahsan; ·Bangladesh) Any comPrehensive initiative should be based on a realistic appreciation of the debt Problem. It needs to be viewed in the context of the current economic situation, which in its scope and dimension is a global crisis, with the element of debt symPtomatic of systemic malaise. Strengthened political will and invigorated leadership will be required for the success of our efforts in this direction. Revitalization of growth and development in the developing countries also calls for greater access of their products 1t:o the developed markets. The unconditional application of most-favoured-nation treatment and commitment to the principle. of differential and more favourable treatment of developing countries must remain the cornerstone of a growth-oriented trading system. Operational arrangements for the implementation of those principles should be high on our 
**Analysis**
The text discusses the importance of investments and debt management for the economic growth and development of developing countries. It emphasizes the need for a comprehensive approach to the debt problem, greater access to developed markets, and the commitment to principles of differential and more favourable treatment of developing countries. The text also highlights the role of the international community in assisting the mobilization of resources for development.

**Category**
Economic development, International trade