delegation, eoramitted to the purposes and principle6 of the United Natione, has joined ite voice with those of other nations in expressing its willingness to co *operate. At thio General Assembly we are compefled to express our concern over the economic, social and political criees taking place all over the worPd. The bnterrrationa1 ecOnOmic crisis: continuGs6 to wor6end and is cwsfng disturbing imoai4nnees, eq38cfaPly in the developing countries. sw/mh A/40/w. 19 73 (Mr. Farah, Bjilbouti) Ccmcquently the international conwrunfty haa bad to turn ite attention to thi8 problem. Yet theb problem of reetructuring existing international economic , relations in order to erptablieh a new international econoak order rem&m unchanged. The international community should therefore make an effort Is dredge up the will necessary to overcome inertia and the lack of enthueiasm $0 evident in the negotiation6 between the developed and the developing natione. It ehouOd also areate the necessary climate of mutual understanding and political will for reaching agreement in the areas which are of concern to the nations of the world. The developing countriee have Buffered an extreme deterioration in their economic conditions since the beginning of the 19706. This ie due in particular to the drop in the prices of raw materials, to the increase in interest ratefl, to the growth in their external debt and to the protectionist policies of the developed countr ieo. Many African countries - including my own - are faced with problems of fndebtedneso, and have been forced to adopt rigorouo austerity measures, which have created critical economic and axial conditions which are dramatically curbing their development. The tragic situation of the African countries because of the world economic crisis has become a source of great concern in the Onited Nations and in other international bodies. We welcome the laudable efforts of the Secretary-General to 
**Analysis**
The text discusses the economic crisis affecting developing countries, particularly African nations, and the need for international cooperation to address this issue. It highlights the decline in raw materials prices, increase in interest rates, growth in external debt, and protectionist policies of developed countries as contributing factors to the economic deterioration. The text also mentions the need for a new international economic order and the importance of mutual understanding and political will in reaching agreements.

**Category**
Economic development, International trade