106. lgith respect to the nature and supply of reserve assets and the role of sDRallocations, oany countries note that the creation of internalional riquidityshourd be effected through truly collective actions, in line with tbe reguirementsof an expanding world econony and the speciar needs of developing countrr.es. Thetoeal supply and distributlon of international Liquidity should not be undulyinftuenced by any singre country or group of countries. Deveroping countriesmaintain, and many developed countrles agree, that reserves supplied by thefinancial markets are subject to sharp changes anal that many developing countrieshave rittle access to such reserves, l,breover, for non-oi l-expor ti ng developingcountries the level of reserves is inadeguate and has been falling. Mostdeveloping countries feel that SDRS should be made a major reserve asset, asoriginally envisaged, and tbey call for allocation on an annual basis. rn the vi.ewof the dev€loping countries, the case for establishlng a link betrdeen tbeallocation of SDRS and developnent assistance continues to be strong. 107. Regarding some of the existing rMF operations, developing countries call forlhe continuance and improvement. of such faciriti.es as lhe Extended r.untt Facility,comp€nsalory Flnancing Facirity and the Buffer stock Financing Facility, and theyemphasize lhe need for relaxing the conditionalicy attached go many of the Fund,sfinancing oeasures. As regards rMF resources, developing countries point out thatthe increase in quotas adopted under the Eighth Revie, of euotas was inadequate.Furthermore, access to quotas was reduced afEer the guota increase. They urge amajor and early lncrease in quotas under the Ninth cenerar Revien, whi.ch shouLd bebrought forward. 4. Internatignal conference I08. The developing countries have strongly urged the convening. under UnitedNations auspices, of an international conference in the fields of money, financeand trade. They also feel that the meetings of the rMF rnterim committee are toobrief for a thorough consideration of al1 the issues and proDosals. B. Developed market economies 109. l"he consultations and the several slatemenls of the position of developed$arket economies ln different international forums in recent months have sbown thatthese countries recognize the i.mportance of a coherent approach to lhe interlinked Problems of money, finance, debt and trade. They also recognize lhe importance ofthe united Nations and its subsldiary bodies for discussion of economic issues at apolitical level. They point out that. these issues are under continuingconsideiation at. various forums within the United Nations system. lI0. None the less, developed countries emphasize that the jurisaliction and
**Analysis**
The text appears to be discussing the global economy, international finance, and the role of countries in managing economic crises. It touches on the topics of reserve assets, international liquidity, and development assistance, indicating a focus on economic development and international cooperation.

**Category**
Economic development, International trade