which has tremendous relevance not only in terms of the problems we face today but also as a contribution to the reviews and assessments which will form part of the -35- fortieth anniversary of the United Nations, while it is necessary to be as positive and constructive as possible, coming to grips with the real causes of the problems is the only way we can make a durable contribution. 13. But, however enlightened and persuasive are our recommendations on multilateral co-operation, not much will be achieved unless negotiating processes, especially on issues of interest to both North and South, are made more effective. In our last report, in dealing with the monetary and financial system we recognized a pressing need for a small, manageable and representative deliberative process to prepare the way for negotiation and action. That recommendation remains relevant and has become even more so politically. Linkages are being made between trade and finance and greater recognition of the need for surveillance and harmonization of the policies of the major countries have opened up new possibilities for a serious dialogue on the financial issues. 14. It could help developing countries to overcome their reluctance to proceed with a new round of trade negotiations at this time, if their interest in deliberations on monetary and financial issues could be satisfied and if they could receive assurance that the new round would give substantial attention to their interests. 15. The spring meetings of the Interim and Development Committees did not seem able to give expression to the widening support for serious discussions on financial and monetary reform. But evolving circumstances are making more urgent and propitious the need for dialogue. It remains extremely important that any proposals which result from present discussions should lead to a deliberative 
**Analysis**
The text appears to be discussing the need for international cooperation and dialogue on financial and monetary issues, with a focus on developing countries and the potential for a new round of trade negotiations. It also mentions the importance of making negotiating processes more effective. These topics suggest that the text is related to economic development and international trade.

**Category**
Economic development, International trade