To support our democracy is to extend the frontiers of liberty and justice in the world. Those who understand that know that Nicaragua's democratization, and its economic recovery, represent a necessary pre-condition for the consolidation of peace throughout the region. I should like to emphasize the following point, which is crucial if my country is to achieve peace and democracy, and that is the need to support the incorporation of thousands of Nicaraguan refugees who have been displaced, or demobilized from the Nicaraguan resistance, and those soldiers affected by the reductions in the army, into the productive process of the nation. Lastly, I wish to refer to the enormous burden which the foreign debt represents for our people. The various initiatives and debt strategies which have been used around the world signify real progress in some cases. We view with optimism President Bush's initiative for the Americas, based on proposals for trade, debt and development, which need to be analysed carefully by our countries. None the less these efforts to date are not enough. It is necessary for the international community to give us greater support with the goal of making our heavy debt burden more bearable. Then our countries will be able to direct their financial resources towards the urgent economic and social necessities they face. I believe that a renegotiation of the debt in concessionary terms for the Central &nerj.can countries must be viewed from a moral perspective, not solely in economic terms but rather as a necessary step.towards resolving the painful development crisis which many of our countries face and which ultimately hurts us PKB/PLJ A/45/PV.l.O 24-25 (President Barrios de Chamorro) all. Only in this way can we create and bequeath a more just and stable world to the men and women of tomorrow, the children of today - our children, our 
**Analysis**
The text discusses the importance of supporting Nicaragua's democratization and economic recovery, which is closely tied to the country's peace and stability. The author highlights the need to incorporate refugees and demobilized soldiers into the productive process and reduce the country's foreign debt burden. This suggests that the main focus of the text is on economic development and its relationship to democracy and peace.

**Category**
Economic development, International trade, Humanitarian aid and relief