Community and its member States reaffirm their commibnent to the accepted United Nations target for the level of official development assistance to o. 7 per cent of GNP, including 0.15 per cent for the least developed countries. The 25 per cent , increase in real terms of the resources provided for the fourth Lome Convention is clear evidence of our strong commibnent to assist the development of the developing countries. We believe that the special session can play an important role in injecting impetus into the process of advancing economic growth and sustainable development. We see the session as situated at a crossroads in the development process. It allows us to take stock of the important events of the past decade, drawing the necessary conclusions, positive and negative, from the development experience. At the same time, we have the opportunity to underline the importance we attach to certain key areas that now appear to be fundamental for development success in the final decade of the century. We believe the document emerging as the result of our endeavours should elaborate a set of principles for development that would JB/2 A/S-18/PV.2 5 (Mr. Collins, Ireland) establish a new agenda for the United Nations based on a global view of the challenges of the 1990s. The series of major international economic events scheduled for the next few years, such as the Paris Conference en the Least Developed Countries next Septel'lber, the drawing up of the fourth International Development Strategy, the outcome of the Uruguay Round, the holding in June of next year of the eighth United Nations Conference on Trade and Development (UNCTAD VIII) and the 1992 Conference on Environment and Development will allCM the elaboration of policies in specific areas. Thus, in our view, the special session can serve as a platform for 
**Analysis**
The text appears to be discussing international cooperation and development, with a focus on the United Nations and its member states. The language used is formal and official, suggesting a high-level meeting or document. The text mentions specific goals and targets for official development assistance, and references various international events and conferences related to development. This suggests that the topic is related to economic development and international cooperation.

**Category**
Economic development, International trade