Group as one of thoroughly examining, according to a realistic timetable, all relevant issues relating to the question of the need for any additional facility. Accordingly, any substantive work on operational rules and modalities was premature in the absence of the establishment of such a need. Equally, it followed that any reference in paragraph 8 to a negotiating conference was inappropriate at the present stage. Finally, in view of the longstanding and continuing difficulties with the concepts inherent in the issue and the lack of universal participation in the debate, Australia intended to re-examine carefully the nature and scope of its future participation in work concerning the proposed facility. The spokesman for the Group of 77 (Egypt) expressed satisfaction that the Board had been able to reach a decision on a subject of so great importance for the countries of his Group and for the international community as a whole. He was pleased to note the seriousness and frankness of the discussions that had made it possible to arrive at such a decision. The history of intergovernmental discussions on the subject of compensatory financing showed without doubt the importance that developing countries attached to a better stabilization of their export earnings. It also showed the multiple benefits that could accrue to the international community as a whole if such a stability were improved. In that context decision 317 (S-XIV) offered once more to Governments the opportunity to make the breakthrough that had for some time eluded the international community in the commodity sector. Real progress in the stabilization of commodity export earnings would be a tangible demonstration of Governments' political will in the field of international co-operation. -36-The Group of 77 believed that decision 317 (S-XIV) offered to Governments the requisite conditions to provide new inputs to the discussions on the commodity 
**Analysis**
The text discusses the decision-making process of an international organization regarding the need for a new facility to stabilize commodity export earnings, highlighting the importance of international cooperation and the benefits of improved stability. The language used is technical and focused on economic and trade issues, suggesting that the category should be related to economic development, international trade, and natural resources.

**Category**
International trade, Economic development