financial relief to the Commonwealth Caribbean countries by cancelling the official development assistance debts must be acknowledged as a tangible contribution. Balance of payment support provided by the multilateral lending institutions must be linked to the growth process. The tine frame, the extent of coverage and the lack of concessional sources of funds for resource transfers in these BHS/td A/S-18/PV. 3 62 (Mr. Dookeran, Trinidad and Tobago) programmes need to be reappraised and taken into account in the formulation of concrete proposals to facilitate economic recovery and the renewal of growth. The political and economic reforms in Eastern Europe present other challenges and opportunities for the 1990s. As the situation unfolds, necessary measures should be taken to maintain a world balance of financial flows and to ensure the equitable development of all States in accordance with the objectives of this special session. The relaxation of East4Nest tensions should speed up the disarmament process and facilitate the re-allocation of resources from armaments to socially productive uses, including development co-operation. The peace dividend should release much of the $1 trillion a year allocated to global military expenditures, part of which should be utilized to attain the goal of the sustainable development of all States. The world is now in the final decade of the twentieth century, with profound changes leading to a more integrated global economy. The challenges and opportunities this process poses should be continually assessed, so that developing countries are given the opportunity to experience a new era of growth and development. We have now established an essential complementarity between domestic economic management in the countries of the South and the need for international support, including a predictable global economic environment for trade and development. The international community must continue to build on th.is foundation with the common objective of achieving sustainable development for all countries. 
**Analysis**
The text discusses financial assistance, debt relief, and economic growth, indicating a strong focus on economic development. It also touches on international support, disarmament, and sustainable development, which suggests that it may fall under a broader category that encompasses economic development and international relations.

**Category**
Economic development, International trade