United Nations
A/RES/57/240
General Assembly
Distr.: General
30 January 2003
Fifty-seventh session
Agenda item 84 (d)
Resolution adopted by the General Assembly
[on the report of the Second Committee (A/57/529/Add.4)]
57/240. Enhancing international cooperation towards a durable
solution to the external debt problems of developing
countries
The General Assembly,
Recalling its resolutions 51/164 of 16 December 1996, 52/185 of 18 December
1997, 53/175 of 15 December 1998, 54/202 of 22 December 1999, 55/184 of
20 December 2000 and 56/184 of 21 December 2001 on enhancing international
cooperation towards a durable solution to the external debt problems of developing
countries,
Taking note of the report of the Secretary-General on external debt crisis and
development, 1
Recalling the United Nations Millennium Declaration adopted by heads of
State and Government on 8 September 2000, 2
Reaffirming the Monterrey Consensus of the International Conference on
Financing for Development, 3 which recognizes sustainable debt financing as an
important element for mobilizing resources for public and private investment,
Noting with great concern that the continuing debt and debt-servicing
problems of the heavily indebted poor developing countries constitutes an element
that adversely affects their sustainable development efforts, and noting in this regard
that the total debt stock of the developing countries rose from 1,458 billion dollars
in 1990 to 2,442 billion dollars in 2001, 4
Noting with concern that some highly indebted, middle-income developing
countries are facing serious difficulties in meeting their external debt-servicing
obligations,
_______________
1
A/57/253.
See resolution 55/2.
3
Report of the International Conference on Financing for Development, Monterrey, Mexico, 18–22 March
2002 (United Nations publication, Sales No. E.02.II.A.7), chap. I, resolution 1, annex.
4
See A/57/253, table.
2
02 55528