This interwoven fabric of growth and change creates complex concerns that we want to help address. The United States seeks to work with other Governments, both within the United Nations and elsewhere. We recognize that all Governments -most emphatically including our own -are responsible for contributing to sustainable international economic development. We take this responsibility seriously, and we are seeking to fulfil it. Let me now turn to the issue of external debt. Our ongoing efforts to address developing countries' debt problems represent an important Part of this effort. At the initiative of the United States, the international community recently strengthened its debt strategy to increase the emphasis on &!bt and debt-service reduction by commercial banks to help meet countries' financing needs. Our ultimate aim is to promote sustained economic qravth and development and to foster restored access to private capital markets. RH/8 A/S-18/PV. 5 29 {Mr. Pickering, United States) The fundamental objectives of the strengthened debt strategy are to revive hope in debtor countries and reinvigorate their commitment to economic reform, to encourage debt and debt-service reduction by commercial banks as a means of providing suppart for these reform efforts, and to helP build confidence in debtor economies, thereby encouraging investment and flight-capital repatriation. In the context of this approach, creditor Governments have renewed their commitment to support debtor countries' efforts through contributions to the International Monetary Fund and the World Bank, ongoing export finance and relief on bilateral debt obligations through reschedulinqs by the Paris Club. Mexico, Chile, the Philippines, Costa Rica, Venezuela and Morocco have already actively pursued the benefits of this strategy. We expect other countries to follow a similar course. The agreements reached to date between debtor countries and commercial banks demonstrate the strategy's flexibility in meeting the needs of 
**Analysis**
The text discusses the United States' efforts to address external debt issues and promote sustainable international economic development. It highlights the country's commitment to working with other governments to reduce debt and debt-service, and to support debtor countries' economic reform efforts. The text also mentions the involvement of international organizations such as the International Monetary Fund and the World Bank. Given the focus on economic development and debt relief, I hypothesize that the text falls under the category of economic development.

**Category**
Economic development, International trade