financial resources for this programme come primarily from the sale of State-owned companies. The recent renegotiation of Mexico's external debt recognized the Government's economic programme and its efforts to comply with international financial obligations. The resulting reduction in the mixed external transfer of resources will positively affect productive investment growth and the necessary infrastructure for economic development. Mexico's mcxlernization process has been designed in response to our historical experience, our unique characteristics and our potential. We are committed to building a more solid and just nation that meets our population's basic needs and gives hope of a better life for future generations. In the search for more efficient economies, as developing countries we must recover the potential benefits of South-South co-operation. Together with other developing nations conscious of the challenges that will face us in coming decades, Mexioo, as a member of the Group of 15, seeks to revitalize South-South co-operation through new co-opera~ive schemes, clear objectives and viable machinery. Although still in its formative stage, this effort, as a source of meaningful exchange among developing countries, holds considerable pranise for the future. Meeting the enormous challenge of the 1990s in the context of greater economic interdependence and international economic integration requires that all nations ) RH/5 A/S-18/PV.2 19-20 (Mr. Rozental, Mexico) share responsibility accordi~ to their respective levels of development. Given their relative weight in the international economy, industrialized countries must proirote trade, finance and monetai:y environments conducive to development. Those countries must also parallel the titanic efforts being made by many developing countries to adjust their economies. To be effective, the co-ordination of economic policies must be broodened to include countries having different situations and problems, in accordance with the rapid changes in the qlobal economy and growing interdependence and internationalization. We must, however, ensure 
**Analysis**
The text appears to be a speech or statement from a government official, likely the President of Mexico, discussing the country's economic development and international cooperation. The text mentions the sale of state-owned companies, debt renegotiation, and the need for productive investment growth, which suggests a focus on economic development. The text also touches on international cooperation, specifically the importance of South-South cooperation and the need for industrialized countries to create favorable conditions for developing countries to develop.

**Category**
Economic development, International trade