theproblem ofdebtanddevelopment assistance. Intbiscontext, mydelegation wouldliketoreiterate theviewofmyGovernment withresPect toindebtedness, one ofthemaiorproblems facing manydeveloping countries andonethatrequires the attention oftheinternational community, whichisaccordinQlv makinQ viQorous efforts toimplement thestrenQthened debtstrategy and,aswehaveseen,ismaking progress insodoing. HereIshouldliketodrawtheattention ofmembers tothe imlnrtant roleoftheinternational financial institutions whichhavebeen instrumental inaddressing, onacase-by-case basis, theproblems indebted countries encounter astheyundertake reforms. ItistheviewofmyGovernment thatefforts alonQtheselinesshould beintensified.BlIS/PLJ A/S-18/PV.1l 22 (Mr,·Sezaki,· .Japan) Petothequestion ofreduction ofdebtowedtoofficial entities and international financial institutions, mydelegation believes thatcareful consideration shouldregiventowhether thiswillnotrecounter-productive and hinderthedevelopment ofdeveloping countries.Itmustbeborneinmindthatthe continued financial support ofthesenational andinternational institutions isof vitalimlX>rtance. Withregard toprivate debt,webelieve thatthenegotiations between private banksanddebtorcountries arebestcarried outonthebasisofmarketreaUties andconditions. Thishaving beensaid,Ishouldliketostress thattheGovernment ofJapan hasconsistently takentheleadinsupporting theefforts ofthecountries and institutions concerned byimplementing acapital recycling programme and debt-relief meaSures. !etmeassure members thattheseefforts willcontinue in theyearstocome. Before concluding, Ishouldalsoliketomention theurgentnecessity of responding totheplightofdeveloping countries bvenhancing ourassistance efforts. Inparticular, withrespect totheleastdeveloped countries, Japan adopted oneofthetwotargets established bythe1981Substantial NewProgramme of Action, namely, thedoubling ofofficial cEvelopment assistance, andachieved itby 1986. Japanisnowmakingfurther efforts inthisareainlinewithitsfourth medium-term targetforofficial cEve10pment assistance. Finally, onbehalfofmydelegation, Ishouldliketoexpress mvappreciation forthegreatdedication ofHisExcellency Mr.Constantine ZepOs, Chairman ofthe Ad-Hoc Committee; andforthestrong guidance provided byyouyourself, Mr.President, without which wewouldnotbecelebrating theadoption ofthis Declaration.BHS!PLJ A!S-18!PV.ll 23 Mr,·GHEZAL (Tunisia) (interpretation fromFrench): Afterthestatement bvAmbassador Navajas MogroofBolivia, Chairman oftheGroupof77,whotherefore alsospokeonbehalfofmycountry, theTunisian cElegation wishes tounderscore theimportance itattaches totheDeclaration whichtheAssemblV hasjustadopted without avoteandwithout reservations. TheUnitedNations hasthus,forthe firsttime,reached unanimous agreement onaglobal approach andthecollective meansofaction necessary toencomP3ss thewholerangeofproblems ofinternational economic co-operation forthedevelopment ofthedeveloping countriew, withaview toresolvingthem. Therecentsuccesses oftheUnitedNations inthefieldsofinternational peaceandsecuritv,aswellasinthoseofhumanitarianlawandthefightagainst narcotics, really amount tounfinished business, astheyarenotunderpinned byan economi cagreenent, byacommon understandinq andpercept ionoftheconditions required forthelong-term viability oftheworldeconomicsvstem. WewishtoP3Vtribute heretoyoU,Sir,forthevaluable contribution which youhavePersonally madetothesuccess ofthisSPecial session, totheremarkable roleplayed bVAmbassador ZeposofGreece, Chairman ofthePreparatory Committee, andtoAmbassador Navajas Mogro, ChairmanoftheGroupof77,andweshouldalso liketoplaceonrecord oursatisfaction withthespiritofcompromise andthe willingness toengage indialogue andcompromise manifested bythedifferent groups anddelegations throughout thesession. Atthebeginning ofthe1990s, asweapproach thethirdmillenium, itwas essential fortheinternational communi tvtoavoidarepeatofthedevelopmental disasters ofthe1980sandtodowhatever wasneeded toguarantee economic growth andthesustained lasting development ofthedeveloping countries. Anewworld, basedonacollective desireforpeace,prosperity anddevelopment wasunthinkableBHS!PLJ A!S-18!PV.ll 24-25
**Analysis**
The text discusses the problem of debt and development assistance, international financial institutions, debt relief measures, and official development assistance. It also mentions the importance of economic cooperation for the development of developing countries. These topics suggest that the text is related to economic development and international cooperation.

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