E/1985/29 COMMITTEE FOR DEVELOPMENT PLANNING REPORT ON THE TWENTY-FIRST SESSION AND RESUMED TWENTY-FIRST SESSION (Geneva, 19-21 November 1984 and New York, 20-23 April 1985) ECONOMIC AND SOCIAL COUNCIL OFFICIAL RECORDS, 1985 SUPPLEMENT No. 9 $ % J W UNITED NATIONS CONTENTS Chapter Paragraphs Page I. MAIN FINDINGS AND RECOMMENDATIONS 1-18 1 II. THE CHALLENGE TO MULTILATERALISM: A TIME FOR RENEWAL 19 - 111 4 A. Introduction 19 4 B. The need for a stronger multilateral response 20-80 4 1. The case for multilateralism 20-31 4 2. Evolution and erosion of the post-war system of multilateral co-operation 32-45 7 3. Four major challenges 46 - 72 10 (a) The risk of disintegration of the trading system 47-53 10 (b) Instability and uncertainty in the international monetary and financial system . 54-56 11 (c) Debt and development finance 57 - 63 12 (d) The crisis in sub-Saharan Africa 64-72 13 4. The need for effective dialogue 73 - 75 15 5. A time for renewal 76 - 80 16 C. World economic situation and prospects . y 81 - 111 17 1. Current situation 81 - 95 17 2. Medium-term outlook 96 - 97 20 3. Resource flows for development 98 - 111 20 III. IDENTIFICATION OF THE LEAST DEVELOPED AMONG THE DEVELOPING COUNTRIES 112 - 116 24 IV. ARRANGEMENTS FOR FUTURE WORK 117 - 123 25 V. ORGANIZATION OF THE SESSION 124 - 130 27 -i ii- CONTENTS (continued) Page Annexes I. Proposals for action on sub-Saharan Africa 29 II. Statement by the Chairman of the Committee at the opening of its resumed twenty-first session 34 III. Conclusions and recommendations of the Secretariat of the Economic Commission for Africa 37 IV. Agenda 42 V. List of documents 43 -iv- I. MAIN FINDINGS AND RECOMMENDATIONS 