SouthAfrica's foreign debt. Thedelegation willurgethatbankscharge the highest possible interest ratestoSouthAfl'ica andthat.theyrejecl auyl'equeal to extend repayment duringthenext10ye~rs. Notingthattradecredits areallowing SouthAfricatocushionitsbalance ofpayments, theMinisters (~alled uponall financial institutions intheCommonwealth andothercountriea toimposetougher termsfortradefinancing. Theyagleedinprinciple totheestabliu~"enl uCan independent bodytomonitor SouthAfrica'c linkswiththe iJltern~tiunnl financial community. UI 157.TheMinisters' decisions takenatCanberra wereareaffirmatJol1 or0decision madeatToronto in1988towidenandtighten Cinancial sanctions ag"dnsl South Africa. Theirproposals areinlinewiththerecommendotions mn~ein0studyon financial sanctions, whichwaslaunched duringtheCFMSAmoetinq hythePrime Minister ofAustralia, BobHawke. ThestUdyisbased 011the1900reportprepared forCFMSAon"SouthAfrica's relaHonship withtheintel'llBtional rIlltluchl system" •.8.21 158.In.June1989,duringtheseventy-sixth sessioll of\hoIntQlllatlonal Labour Conference, theILOCommittee onActionagainst Aparthe.1d agreedthatsanctions agaInst SouthAfrica should beforl'lulateci within thecontext oftheadoption of cO!lll-lehensive andmandatory sanctions. TheIJanctions rocomml'lndecl bytheCommittee therefore focusonvitalareasoftheeconomy. Theyin('lude t:h~fHlopl.iOIl oC financial sanctions, imposition atacoalembargo andadoption ofnppropriate If:lgislation toprevent the..ransport o(oil.Animportant iniI'.iatjveWllRthft support givenbl'theCommi' ..,totheestablislunent ofElGroupofTlaeoIndepondent Experts tomonitor andeval."ate t.heimplementation ofsC\l\ctiOllr; f\1l(1,)t.her measures •.2.0/ 159.ManyGoverrunents andintergoverrunental oHJanizatiolln depllll"E!(l 1'.1)('1lonewl11 of thestateofemergency on9June1989. Onseve::al occaolons, th~yappealed for clemency forpolitical prisoners sentenced todeathontheg1'ollll(lor"eommoll purpose" andreiterated theircallforthereleRse ofNf'lson Mamlt'la onclothel political priGoners andeetainees. Tht!yalsocalled Ul,)U1!Prettai.ntl)t:etHJethe forced removals ofpopulations. ··41-C.Hon-governmental Bndothoro[gani.atioAl 160.Anti-Apartheid movements intheEECcountries launched abookentitled l.iohHng fO[ApArtheid - AJObfOr....N.UI. Eu[opeon Cithen' intheSQuthA([icem D~~uce Fo[ceon13October 1988.According toinformation presented inthebook, morethanonethirdofSADFconsistfi ofwhites whopossess, orDreentitled to possess, thepassport ofanEECcountry. Inastatement released withthebook, representatives oftheseanti-apartbeid movements requested that Eu~opean Govetnments andEECdiscourage theircitizens fromparticipating intheapartba~ military andpoliceforces. 161.Inaninitiative topromote theapplication ofgoldsanctions against SouthAfrica, theWorldGoldCommission, aLondon-based enti-apartheia organization, waslaunched inJune1988.Convinced thatnon-South African gold suppliers canminemorethanenoughgoldtosatisfy theworld's jewellery industry, theCommission hasformulated specific proposals withrespect totheimposition of goldsanctions against SouthAfrica, uotably abanongoldimports, therelease of goldfromnational reserves andtheestablishment ofafundforthetraining of students inthetechniques ofmining andmarketing gold.InNovember 1988,the Commission released areportshowing thatth\.Italian jewellery industry isthe largest buyerofSouthAfrican gold.ItalybuyYaboutonethirdofSouthAfrica's supplies, whIchaccount forabout14percentofthecountry's entireexports (see para.109).Thereportdemonstrated thattheItalian jewellery industry could feasibly switchfromSouthAfrican tonon-South African gold.Thesefindings stimulated allthreeItalian tradeunionfederations tolalnchacampaign focusing onthemainjewellery man~facturing centres ofnorthern Italy. On20January 1989, thefirstItalian conference onaboycott ofSouthAfrican goldsupplies tothe Italian jewellery industry washeldatVicenza, Italy. InMay1989,theItalian national anti-ogartheid co-ordinating committee heldaconference inRomcto dlscuss, amongotherthings, aproposed campaigl1 toopposeItaly's tradewithSoutb
**Analysis**
The text primarily focuses on the economic and political aspects of South Africa, particularly in relation to international trade, sanctions, and debt. It discusses the country's foreign debt, the delegation's demands for higher interest rates and stricter repayment terms, and the impact of sanctions on the economy. The text also touches on the human rights situation in South Africa, including the state of emergency, political prisoners, and forced removals of populations.

**Category**
International trade, Economic development