required are definite steps towards a more comp(ehenslve solution. A first step could be taken in intergovernmenta I dialogue on these matters, taking ineo accounl the short-term as well as the medium-term prospects for indebted countries, as l,,ell as for credilor countr i es. 7'1 . The consultations undertaken for the preparat.ion of this report have contributed to the identification of key issues and policy challenges to be addressed at the national and international fevels in the near future. Although tending to confirm previousl"y expressed positions in the separate areas covered by the report, they produced a vivid picture of different countriesr viens of lheoverall situation and the inter r ela tedness of the sectoral issues. The consulEations also indicated that, in the search for ways and means to meet current problems, it is important not to lose sight of the need to address longer-term systemic problems and improve the effectiveness of international economic co-operation. Reaching agreemen! on sucb measures will involve many steps that have to be taken more or less in parallel, for example a ner,, round of mul,tilaEeral trade negotiat.ions and follo',r-up of the important ploposals on further reform of the international monelary system put for'rard by the croup of T'lrenEy-four, the Group of Ten, the non-aligned countries, the Conmon\.real th Secretariat ant individual covernmenes. The consullations also revealed extreme concern about. theA/ 40/708 Eng ll sh Page 19 international. debt problem, rrhich threatens, in the countries particul,arly affectedby lt, to become seriously destabilizing and to impede future developnent. It isclear that, even vrithout a slump in the world economy, the debt problem could recur as an international problem. 78. The ftulfilateral dialogue on the severa!. issues raised in the present reporC has been gathering momentum in recent montbs. At the 1985 session of the Economic
**Analysis**
The text appears to be discussing economic issues, specifically international economic cooperation, debt problems, and trade negotiations. The language used is technical and formal, suggesting a report or document related to economic policy or international relations.

**Category**
International trade, Economic development