Theproblem offoreign debtisintheforefront ofthemal\YeconOllic problell8 plaguing thedeveloping countries. Themagnitude oftheforeign debtsandthe debt-serVicing burdenhashadextremely serious adverseeffects bywipingoutthe totality ofthedevelopment revenues ofthedeveloping countries. Thisforeign debtcrisishascreated aparadox bytransforming thedevelaping countries into ~et exporters ofcapital tofinancial institutions andprivate banksintheAP/td A/40/PV.l4 87 (Mr.Imayah, Democratic.Yeme...!l) capitalist industrialized countries. Inviewoftheworsening oftheforeign debt crisis, webelieve thatitisessential forthefinancial institutions and international commercial bankstoagreetojustsolutions totheproblemofforeign debtsbyrescheduling inkeeping withthefinancial andeconomic capabilities of thedeveloping countries andinsuchawayasnottoimpedetheimplementation of theirnational development programmes ascalledforattheMinisterial Meeting of t.'1eMovement ofNon-Aligned Countries heldrecently inLuanda, Angola. Thedeveloping countries haveexpressed inseveral economic andpolitical forumstheirviewthattheinternational economic crisisisacomprehensive structural crisiswhichhasaffected allfieldsofthepresent international, commercial, financic1al andeconomi.:: order. Theyhavealsodefined thereasons for thecrisis, whichinclude, interalia,thefailureofthec~pitalist industrialized countries topursuejustice ininternational economic relations. Inthisregard, thedeveloping countries haveindicated thattheunilateral approach ofthoseindustrialized countries todealing withtheeconomic crisisis notinkeeping withtherealityofeconomic interdependence andischaracterized by monopolistic greedinplundering theresources ofthedeveloping countries and thwarting theirlegitimate aspirations byimpeding theirnational development programmes designed tocomplete thebuilding oftheireconomic structures and independence. WerefertheAssembly tothemanyprotectionist policies pursued by certain capit~list countries, theimposition ofobstacles totheexports ofthe developing countries andthereduction ofofficial development assistance fromthe ratiosagreeduponwhentheStrategy fortheThirdUnitedNations Development Decadewasadopted. Inshort, mycountry feelsthattheonlywaytogetoutofthe present economic crisisistoprov~de animpetus forthelaunching ofglobal negotiations ontheestablishment ofanewinternational economic orderin I ,•AP/td A/40/PV.14 88 (Mr•..IlIaX.:lh ~"~~,~E ~,t,A~","!~,"~.n) accordance witntheObjective~p~rameters defined bydeveloping countries in numerous international forums. Democratic Yemen,asoneoftheleastdeveloped countries, ispursuing its socialandeconomic development amidstextremely difficult conditions. Themain obstacle tonational develoz;xnent isthepaucityofbothhumanandnatural resources. Moreover, thesmallareaundercultivation andtheirregular supplyof waterinhibitourefforts toenlarge theagricUltural sector, whichisthemost important development sectorinourcountry. Despite theseobstacles, Democratic Yemenisexerting increasing efforts toimprove thestandard oflivingofits citizens andtosatisfy theneedforsocialwelfare andhealthcare. Wewere gratified bythepositive results weachieved lastyearinthecomprehensive campaign toeradicate illiteracy. Moreover, weareatpresent tryingtoformulate studies andprogrammes toimplement thethirdfive-year socialandeconomic development plan,fortheperiod1986-1990, incontinuance oftheefforts to enhance comprehensive national development. Ourcountryisatpresent inthemidstofpreparing forthethirdgeneral conference oftheYemenSocialist Party,whichleadstheprocess ofsocial, economic andpolitical changeonthebasisofourposition ofprinciple ofbuilding anewsociety andconsolidating security andstability inourregionthrough the strengthening ofnormal, peaceful relations withneighbouring States, basedon mutualrespect, non-intervention ineachother's internal affairs andmutual interest. Wehopethatthissignificant session willopennew,broadavenues towards strengthening theroleandeffectiveness ofthisinternational Organization,
**Analysis**
The text appears to be a speech or statement from a representative of Democratic Yemen, addressing the international community and the United Nations. The main theme is the country's struggle with foreign debt and the need for a new international economic order. The speaker highlights the challenges faced by developing countries, including the unfair treatment by capitalist industrialized countries and the need for global negotiations to establish a new international economic order. The text also touches on the country's efforts to improve living standards, eradicate illiteracy, and implement social and economic development plans.

**Category**
Economic development, International trade