Digitized by Dag Hammarskjöld Library3.Subprogramme structure andpriorities 14.9Takingintoaccount thatorientation andtheissuestobeaddressed, the programme willconsist ofthefollowing subprogrammes: Subprogramme 1.External financing andinternational monetary issues Subprogramme 2.Debtanddevelopment problems ofdeveloping countries Subprogramme 3.Interdependence andintersectoral support Subprogramme 4.Insurance 14.10 Duringthemedium-term planperiod, priority willbegiventoexternal financing anddebtandtheirinterrelationship withtradeanddevelopment, for whichsubprogramme 3(Interdependence andintersectoral support) provides an integrating framework. B.Subprogrammes SUBPROGRAMME 1. EXTERNA~ FINANCING ANDINTERNATIONAL MONETARY ISSUES (a)Objectives 14.11 Thelegislative authority forthissubprogramme derives fromGeneral Assembly resolutions 42/175 and43/187; UNCTADresolution 129(V);FinalActofthe seventh session ofUNCTAD(seeTD/352, vol.1),paragraphs 30(c)and(d), and34-69; TradeandDevelopment Boarddecision 10(I);andCommittee onInvisibles andFinance related toTraderesolutions 16(IX)and18(IX). 14.12 Theobjectives ofthesubprogramme willbetoreview andconsider thepolicy implications of: (a)Developments inaidpolicies andperformance, withaviewtothe promotion ofinternational financial co-operation fordevelopment; (b)Expansion offinancial flowstodeveloping countries, including measures tomakeconcessional flowsmorepredictable, andtheutilization ofaid; (c)Developments infinancial andmoneymarkets andmeasures toutilize effectively commercial sources offinance, including foreign directinvestment in thecontext ofnational development strategies; Cd)Domestic resource mobilization; Ce)Developments ininternational monetary issues astheyrelatetothe achievement ofdevelopment objectives; (f)Therelationship between theexternal environment anddomestic policies. -4- Digitized by Dag Hammarskjöld Library(b)Courseofactionofthesecretariat 14.13 Thepursuit ofthesubprogramme's objectives willnecessitate examination of trendsinvarious categories offinancial transfers andanalysis ofnewflowsof fundsandtechniques ofresource transfers. Theimpactofproblems associated with reverse flowsoffundsfromconcerned developing countries todeveloped countries, onaccount ofbothdebtservice payments andprivate remittances, willbe assessed. Themainsubjects oftheUNCTADsecretariat's workandintergovernmental deliberations andnegotiations areexpected tobe: (a)Theproblems ofaccesstocapital markets; (b)Measures tomakeconcessional flowsmorepredictable andcontinuous, as wellasimproved utilization ofaidonthepartofrecipient countries; (c)Favourable conditions andpolicies forattracting foreign direct investment anditscontribution tothedevelopment process; (d)Theimpactoftheinternational monetary system onthedevelopment process; (e)Theproblems created byfluctuating exchange ratesandhighinterest rates. Tothatend,asystematic capability tomonitor theglobal flowoffundswillbe maintained. SUBPROGRAMME 2.DEBTANDDEVELOPMENT PROBLEMS OFDEVELOPING COUNTRIES (a)Objectives 14.14 Thelegislative authority forthissubprogramme derives fromGeneral Assembly resolutions 41/202, 42/175, 42/198, 43/198 and44/205; FinalActofthe seventh session ofUNCTAD, paragraphs 44-46; andTradeandDevelopment Board decision 10(I),andresolutions 165(S-IX), 222(XXI), 358(XXXV) and375(XXXVI). 14.15 Theobjectives ofthesubprogramme willbetoclarify andexplore thenature andscopeofthedebtproblems facedbydeveloping countries andtoevolve effective international co-operation fordealing withdebtanddevelopment problems. (b)Courseofactionofthesecretariat 14.16 Research andanalysis willbecarried outintheareaofdebtand development problems ofdeveloping countries, including theparticular problems facedbytheheavily commercially-indebted countries, theleastdeveloped countries, andotherdeveloping countries whosedebtismainly duetoother
**Analysis**
This text appears to be focused on the economic aspects of development, specifically the flow of funds and financial issues that affect developing countries. It discusses debt, financing, and international monetary issues, which suggests a strong connection to the economy. The text also touches on issues related to trade, foreign direct investment, and resource mobilization, further supporting the economic development category.

**Category**
Economic development, International trade