should set the stage for dialogue through the 1990s towards new approaches and a new human-centred spirit in international co-operation. I, . I I I' ' ; ' I , : I i . I ; i I : I I ',' ,I ; \\ . l . , , I . I JB/30 A/S-18/PV.2 142 (Mr. Maceda, Philippine~) In a renewed spirit of solidarity, my delegation calls for concrete steps that must be taken now and aim at the material betterment of all people. Specific efforts have to be made in order to reverse the decline in per capita income that has occurred in many countries. This would require a renewed international commitment to development as well ac; the continuation of the process of economic modernization taking placa in many countries. There is an immediate need to overcome the external debt crisis, provide adequate financial flows to developing countries, strengthen the international trading system, enlarge market access for the exports of developing countries in the are~ of commodities, promote regional economic co-operation and integration, and facilitate the creation, transfer and absorption of new technologies. In order to restore investment, international financial flows to developing countries must be substantially increased by far more than the amount needed to pay interest on debt. The international community should set a target date in the 19903 to eliminate the developing countries' debt overhang. By accepting that creditor countries have co-responsibility for the situation, the possibility of creating an international debt-reconstruction facility for the purpose should be examined further at this point, including an appropriate forum that could facilitate and encourage a discussion of a durable solution to the debt problem. I emphasize that adjustment programmes nust give the debtor countries much more than the amount needed to pay interest on their loans. Official development assistance has been and remains the principal source of 
**Analysis**
The text discusses international cooperation, development, and debt relief, highlighting the need for concrete steps to improve the material well-being of all people. It emphasizes the importance of economic modernization, trade, and investment in developing countries, as well as the need to overcome the external debt crisis and provide adequate financial flows. The text also touches on the theme of technology transfer and absorption. Given the focus on economic development, debt relief, and international cooperation, it is likely that the text belongs to the category of economic development.

**Category**
Economic development, International trade