A/RES/33/137 GA

110 General Assembly-Thlrty-third Session session, tak:ing fully into account the results of negotia- tions to be held by the United Nations Conference on Trade and Development at its fifth session, as well as any further negotiations on the subject in the Com- mittee of the Whole Established under General As- sembly Resolution 32/174; 11. Calls upon all countries to participate actively and in a positive manner in the negotiations to be held by the United Nations Conference on Trade and De- velopment at its fifth session on the question of the transfer of resources so that satisfactory results can be reached. 88th plenary meeting 19 December 197 8 33/137. Finance for development The General Assembly, Recalling its resolution 31/174 of 21 December 1976 on ways and means of accelerating the transfer of real resources to developing countries on a pre- dictable, assured and continuous basis, Recalling also its resolution 32/177 of 19 Decem- ber 1977 entitled "Finance for development", Convinced of the urgent need to develop policies to ensure the increased flow of resources to developing countries, including the access of developing countries to capital markets, as being indispensable to the mo- bilization of their resources for development, Confident that the framework of economic co- operation among developing countries and countries of different economic and social systems can encourage investments in developing countries as determined by them, l. Takes note of the report of the Secretary- General on finance for development;112 2. Takes note of the views of the Group of High- Level Experts on Finance for Development as con- tained in its report and, ínter alia, of the view that the provision of multilateral guarantees would help developing countries to gain access to foreign and international capital markets and would help to im- prove the terms of their borrowing;113 3. Requests the Secretary-General, in consul- tation with other organizations, as appropriate, to study further the suggestions and proposals regarding methods of providing the multilateral guarantees re- ferred to in the report, especially in their technical aspects, and to intensify efforts to evolve practicable solutions for improving, both from a qualitative and a quantitative point of view, the access of developing countries to capital markets; 4. Decides to consider the report of the Secretary- General on this ítem at its thirty-fourth session. 88th plenary meeting 19 December 197 8 33/144. Role of the public sector in promoting the economic development of developing countries The General Assembly, Recalling its resolutions 3201 (S-VI) and 3202 (S-VI) of 1 May 1974 containing the Declaration and 112 A/33/280. na /bid., annex, sect. II. the Programme of Action on the Establishment of a New International Economic Order, 3281 (XXIX) of 12 December 1974 containing the Charter of Eco- nomic Rights and Duties of States and 3362 (S-VII) of 16 December 1975 on development and interna- tional economic co-operation, Recalling also its resolutions 3335 (XXIX) of 17 December 1974, 3488 (XXX) of 12 December 1975 and 32/ 179 of 19 December 1977 and Economic and Social Council resolutions 1978/6 of 4 May 1978, 1978/60 of 3 August 1978 and 1978/75 of 8 No- vember 1978, Bearing in mind the relevant provisions of the Lima Declaration and Plan of Action on Industrial Develop- ment and Co-operation,114 adopted at the Second General Conference of the United Nations Industrial Development Organization, held at Lima from 12 to 26 March 1975, which, ínter alia, recognized the im- portancc of ensuring an adequate role for the public sector in the expansion of the industrial development of developing countries, Emphasizing the need for expanding the exchange of experience regarding the role of the public sector, especially among the developing countries, through a more detailed examination of its different aspects, Recalling the pertinent provisions of the above- mentioned resolutions, which reaffirm the right of every State to exercise full and permanent sovereignty over its natural resourccs for the benefit of its people, Noting with interest the initiatives taken by the In- dustrial Development Board in its resolution 48 (XII) of 26 May 1978 11" and by the Economic and Social Commission for Asia and the Pacific in its resolution 181 (XXXIV) of 17 March 1978,11«1 with a view to strengthening thc role of the public sector in promoting the economic and social development of developing countries, Bearing in mind that every State has the sovereign and inalienable right to choose its economic and social system in accordance with the will of its people, without outside interference, l. Takes note of the report of the Secretary- General on the role of the public sector in promoting the economic dcvelopment of developing countries;117 2. Recommends that the important role of the public sector should be taken into account in for- mulating proposals concerning the new international devclopment strategy; 3. Endorses Economic and Social Council reso- lutions 1978/ 60 on the role of the public sector in promoting the economic development of developing countries and 1978/6 on public administration and finance for development in the 1980s, as well as reso- lution 1978/75; 4. Invites Governments of developing countries, if they deem it necessary, to study the feasibility of establishing national objectives for strengthening the role of the public sector and that of public administra- tion and finance in their economic development in the 114 See A/10112, chap. IV. 115 Official Records of the General Assembly, Thirty-third Session, Supplement No. 16 (A/33/16), annex l. 116 See Ofjicial Records of the Economic and Social Coun- cil, 1978, Supp/emcnt No. 8 (E/1978/48), chap. IV, sect. A. 111 E/1978/76.

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