One of the most acute problems hamper inq the development of the developing countries is foreiqn debt. Its solution should be sought as a component of the pr,ocess of adapting national economies to the structural changes in the world economy. The special session should also address such problems as the outflow of resources, the stabilization of international trade and strengthening the multilateral trading system, improving the conditions for technoloqv transfer and overcoming the imbalances in the international financial system. Bulgaria is taking an active part in joint efforts directed at guaranteeing ecologically sound development. The elaboration within the framework of the United NaHons of a glcbal strategy on safeguarding the environment and the rational use of natural resources is a major task for the international communitv. The Conference on Environment and DeveloPment in 1992 should Play an impartant role in that respect. The current special session of the General AssemblY should also pay due attention to the social aspects of development. The session can make a valuable contribution to the preParation of the United Nations International Development Strategy for the 1990s. The common efforts and approaches to the global challenges of today are gaining momentum at the regional level as well. This is particularly true of Europe, where the all-European process is bringing previously divided States and RM/9 A/S-18/PV. 8 38-40 (Mr. Ishpekov, Bulgaria) grouPs of States into intensive co-operation. The document of the Bonn conference on economic co-operation in Europe is an important step in this direction. The reforms in the Eastern European States aimed at strengthening democracy, respect for human rights and transition to a market-oriented economy have created new dynamics on the continent. It is a common view that the radical reforms in Eastern Europe concur with the interests of sustained development of the world economy, and 
**Analysis**
The text primarily discusses the challenges faced by developing countries, particularly in relation to foreign debt, international trade, and environmental sustainability. The author also touches upon regional cooperation and the need for a global strategy on environmental protection. Given the focus on economic development, international cooperation, and environmental sustainability, it is likely that the text falls under the category of economic development and natural resources and environment.

**Category**
Economic development, Natural resources and environment