Australia sees the soluticn to the problems of the larqe developinq-countrv debtors larqely in terms of the adoption of internationally arrd domestically supported structural adjustment measures, includinq forms of debt and debt-service reduction that are implemented broadly and rapidly in such a way as to enhance creditworthiness, proJTOte flows of new money and support reform Proqrammes. We need a qreater and more finely-tuned effort. Some debtors are well placed to take advan taqe of any liberalization of international trade and many have taken measures to liberalize their 01117n tradinq reqime to impr011e their international competitiveness. Developed countries 01117e an obliqation to these countries to maintain the viqour of qlobal economic qrowth, encouraqe investment in the developinq countries, and strenqthen the multilateral tradinq system, assistinq debtor countries to qra, out of their indebtedness. The countries concerned need to broaden the base of their economic adjustment, further openinq their economies to external investment and trade and to reduce their reliance on loans to ease their debt service Payment problems. Measures to increase domestic resource mobilization and increased savinqs are particularly desirable. The pOorest debtor countries, the majority of which are in sub-Saharan Africa, continue to face debt problems that are small by qlobal standards but immense in relation to their 01117n economies and thus require sPecial treatment. These countries need to reform their economic, social and institutional structures and to make substantial investments in new infrastructure if their development is to resume. These necessary and thorouqh structural chanqes will require the continuinq support of the whole international community includinq throuqh the provision of debt relief with imPlicit qrant elements under "Toronto terms". Reforms in these countries will take time to implement and it may be some time before domestic and foreiqn Private investment resources beqin to flow. These JSM/ad A/S-18/PV. 6 112 
**Analysis**
This text appears to be discussing the economic issues surrounding developing countries' debt and the measures that can be taken to address it. It highlights the need for structural adjustment, debt relief, and increased investment in these countries to promote economic growth and development. The text also emphasizes the importance of international cooperation and support to help these countries overcome their debt problems.

**Category**
International trade, Economic development