S/PV.2985 Security Council

The Security Council will now begin its consideration of the item on its agenda. The Council is meeting in accordance with an agreement reached in the course of its prior consultations. As a result of consultations among members of the Security Council I have been authorized to make the following statement on behalf of the Council: "The members of the Security Council have considered the memorandum dated 22 March 1991 (S/22382) which was addressed to the President of the Security Council by the 21 States which have invoked Article 50 of the United Nations Charter owing to the special economic problems arising from the implementation of the sanctions imposed against Iraq and Kuwait under Council resolution 661 (1990). "The members of the Security Council have taken note of the Secretary-General's oral report to them on 11 April 1991, in which he supportea the appeal launched by the 21 States that have invoked Article 50. The Secretary-General further informed the Council on 26 April 1991 of the conclusions reached by the Administrative Committee members of ACC agreed to vigorously pursue their efforts to respond effectively to the needs of countries most affected by the implementation (ThePresident) of resolution 661 (1990). The Secretary-General will coordinate through AT, within the framework of this assistance, the activities of the organisations of the United Nations system. "The members of the Security Council have taken note of the replies from a number of St-ates - Austria, Belgium, Denmark, Prance, Germany, Greece, Ireland, Italy, Japan, Liechtenstein, Luxembourg, Luxembourg on behalf of the European Community and its 12 member States, Netherlands, New Zealand, Norway, Portugal, Spain, Switzerland, the United Kingdom, the United States and the USSR - which have furnished specific information on the assistance they have provided to various affected countriesr they have also taken note of the replies from officials of international financial institutions, such as those received from the President of the World Bank and the Managing Director of the International Monetary Fund (SMF). They invite other Member States and international financial institutions and organisations to inform the Secretary-General as soon as possible of the measures that they have taken on behalf of the States which have invoked Article SO. "The members of the Security Council make a solemn appeal to States, international financial institutions and United Nations bodies to respond positively and speedily to the recommendations of the Security Council Committee established under resolution 661 (1990) for assistance to countries which find themselves confronted with special economic problems arising from the carrying out of those measures imposed by resolution 661 (1990) and which have invoked Article 50. . (The Pres*dent 1 "The members of the Security Council note that the procedure established under Article SO of the Charter remains in effect". The Security Council has thus concluded the present stage of its consideration of the item on its agenda. The meetina rose at 12.30 p.m.