on improvinq North-South relations. Developed countries, as well as the international economic institutions, should expand their support to economic co-operation amonq develoPinq countries, and special attention nust be qiven to South-South co-operation in eliminatinq within this century the centuries-old calami ties of hunqer and disease. To draw up a practical policy on the debt of the developinq countries and to carrv it out are pressinq tasks which brook no delay. It is necessary, therefore, for the Governments of creditor and debtor nations, the banks of developed countries and international monetary institution; to share the responsibility for the debt problems and to undertake political dialoques and co-ordination. Mv deleqation considers it reasonable that the debt issue should be settled throuqh dialoque and co-ordination in order to extend the period of debt repayment, free of interest, until such time as the developinq countries involved can rePaY the loans. BHS/PLJ A/S-18/PV. 6 198 (Mr. Kanq, Democratic People's Republic of Korea) Peace, disarmament and development are directly interlinked, and snooth economic qrCJ~~o7th can be guaranteed only in an atmosphere of peace and co-operation. Despite the qlobal tendency towards disarmament and detente, it should nevertheless be noted that the arms race and military exercises alike are on the rise, aqgravatinq tension in various regions, in particular the Asia-Pacific region. These constitute major factors that hinder peace, security and development in those regions. The international community must take concerted action for disarmament in every corner of the world and adoPt active stePS to transfer to the economic development of the developing countries the precious human, financial and material resources freed by disarmament. May I tc:tke this opportunity to assure Members that the Government of the Denocratic People's Republic of Korea will join more actively in the international community's efforts for detente, disarmament and economic co-operation, by 
**Analysis**
The text appears to focus on international cooperation, debt relief, and disarmament, with a emphasis on promoting economic development and peace. It highlights the need for developed countries to support developing countries, particularly in terms of debt relief and economic cooperation. The text also touches on the importance of disarmament and transferring resources from military spending to economic development.

**Category**
Economic development, International trade, Humanitarian aid and relief