the debt burden and regaining the path of growth. Nevertheless, a more direct effort is needed to re-establish the flow of resources to the developing world and to stop it from transferring capital to industrialized countries. The end purpose of structural adjustment and of the negotiations between lenders and debtors is simply to guarantee the normal operation of the international capital market. Accordingly, countries which have pursued debt policies that have enabled them to participate in the financial market in normal conditions must receive the acknowledqement and suppart of develoPed countries and multilateral agencies to allow them to reap the rewards of their prudence. Those countries have shared the costs of the debt crisis but have not received the benefits consistent with their macro-economic policies. JVM/24 A/S-18/PV. 4 114-115 (Mr. Bernardo Florez, Colombia) The result of the treatment thus far given to the debt problem has been that those countries which are current in their debt servicing and have not restructured their liabilities are placed in a disadvantageous position with respect to the initiatives nao~ in effect. The existing alternatives <'b not satisfy the financing needs of those countries which do not require macro-economic adjustment. It is very important that flexible mechanisms guaranteeing adequate access to the different sources of credit should be found. Other countries whose economic situation cuts them off from sources of credit must be helped to return to the financial market in stable and sustainable conditions. Direct official aid from advanced countries to poorer countries plays an important role in fostering development. By acting in a targeted manner upon chosen fields of activity, it strengthens the effect of more qeneral measures. Unfortunately the international agreed goals have not been kept, except by a small group of industrialized countries. The easing of ideological tension between antagonistic blocs affords a very 
**Analysis**
The text appears to be discussing the global economy, debt crisis, and international cooperation. It highlights the need for developing countries to regain access to resources and credits, and for developed countries to provide aid and support. The text also mentions the importance of macro-economic policies and the need for flexible mechanisms to guarantee access to credit.

**Category**
Economic development, International trade