co-operate with the Government in its efforts to reschedule its debt. At the sametine, there is a need for immediate concessional financing for essential imports, both to keep the economy functioning during tbe current transitional period and to contribute to the more long-term development efforts. Given the Governmentrsefforts at fiscal discipline and the limited resources availabler the donor community is urged to be sympathet,ic in its requirements for local cost components as well as mindful of the recurrent cost implications of the projects financed. 55. In the longer term, the need for official development assistance remains extremely important for national economic and social development. In this connection, the recent trend for a declining grant elenent should be reversed.Further, multi.-year commitments should be considered in order to facilitate long-term development planning. 55. $lith regard to external assistance, the Government places high priority on improved donor co-ordination. The harmonization of views between donors and the Government is a major problen. For example, while the Gov rnment considers the strengthening of economic and social infrastructure to be of vit,al importance, this sector has not attracted adequate external assist,ance. An improvement in thissituation will, in the first instance, require that the Government establishes aclear framework reflecting its development priorities and enhances its contributionto the inplementation and monitoring of projects. But it also reguires that the donor community support these efforts, undertaking projects consistent with national development priorities and consulting both among themselves and with appropriate Government authorities to ensure the most effective and efficient useof available resources. The consultations leading to the proposed donors rneetingin 1985 should provide a useful forum in this regard. 57. Eguatorial Guinea continues to face an acute shortage of skitled manpower atall levels. This critically affects bbth day-to-day administration as well as more long-term planning capacity. The shortage of trained counterpart nationals has
**Analysis**
The text appears to be discussing the economic development of Equatorial Guinea, focusing on the country's debt, financing, and development priorities. It also touches on the need for official development assistance, donor coordination, and the importance of skilled manpower in the country's development. The text does not mention natural resources, environment, agriculture, forestry, fishing, health, education, employment, humanitarian aid, culture, or science and technology, suggesting that it is primarily related to economic development.

**Category**
Economic development, International trade