The other major obstacle to the development of the developinQ countries is the drop in world prices for their com110di ties. To reduce its effects, machinery for compensatory financinq has been contemPlated and set up, but it must be admitted that there too the results so far have been mixed. The Governments of the member States of the Economic Community of West African States have, however, recoQnized the major role that compensatory finance mechanisms nust continue to Play as the immediate way of cushioninQ the shock. Nevertheless, their basic objective remains diversification in the processing, marketinq and distribution of products. For the results of those measures to have oonvincinQ results, it is urqently necessary that a fair Price be paid for our com110di ties and that protectionist measures taken by certain countries be eliminated. The joint effect of the phenomena I have described is such as considerably to hamper the development efforts of our countries. As can be seen, the economic and social situation of our countries is serious. However, in concludinQ my statement, I wish to emphasize that no JP31/jf A/S-18/PV. 6 149 (Mr. Vokouma, Bur kina Faso) observers, even expert observers, have deemed it appropriate to emPhasize the siqns of hope that still exist. Nobody has found it appropriate to emPhasize the diqnitv and couraqe of our people, their struqqles made with enormous sacrifices in a very difficult situation. No one has thouqht it necessary to emphasize the determination of our Governments to emerqe from the current imPasse, particularly by establishinq open pelitical systems adapted to the needs of our time. While we are continually told that thinqs are movinq quickly elsewhere, it is insinuated that Africa is characterized by inertia. Our peoples and their leaders are convinced that a qeneral resumption of 
**Analysis**
The text discusses the challenges faced by developing countries, specifically in West Africa, in terms of economic development. The author highlights the impact of world price drops on their commodities, the need for compensatory finance mechanisms, and the importance of diversification in processing, marketing, and distribution of products. The text also touches on the issue of protectionist measures and the need for fair prices for their commodities. The overall tone is critical of the current situation and emphasizes the resilience and determination of the people and governments of these countries.

**Category**
Economic development, International trade