A/RES/48/214 Page 2 Taking note also of resolution CM/Res.1415 (LVI) of 28 June 1992 of the Council of Ministers of the Organization of African Unity on the New Agenda, 3/ Noting the continuing efforts of the Secretary-General to ensure the successful implementation of the New Agenda, Convinced that growth and development on a sustained and sustainable basis can come about only as a result, inter alia, of the full participation of the people, particularly women, in the development process, Recognizing the persistent efforts undertaken by many African countries to implement political and economic reform policies, and reaffirming the crucial importance of adequate social services and facilities to meet the basic needs of the populations and economic human-centred development, further recognizing the importance of good governance to meet overall development objectives, Mindful of the need for African countries to diversify their economies, particularly their primary commodities, with a view to modernizing African production, distribution and marketing systems, enhancing productivity and stabilizing and increasing African export earnings in the face of the persistent decline of the prices of many primary commodities and the continuous deterioration in the terms of trade of African economies, Reaffirming the importance of addressing the challenges facing African agricultural sectors, inter alia, drought, desertification, land degradation, locust infestation, land management and incentive structures, so as to achieve African food security as outlined in the New Agenda, Deeply concerned by the constrained financial resource flows to Africa aggravated by rising debt and debt-service obligations and low private investment flows, and noting that Africa is the only continent experiencing a negative net transfer of resources in the 1990s, Acknowledging the positive impact of substantive official development assistance transfers to Africa, Reaffirming also the commitments on resource flows, including private direct investment, as contained in paragraphs 29 and 30 of the New Agenda, Mindful of the need for African countries to increase and mobilize internal resources for sustainable development through, inter alia, policies for the promotion of domestic savings, improved and accessible banking facilities and further improvements in traditional practices of capital formation at local levels, Taking note of the Tokyo International Conference on African Development, held on 5 and 6 October 1993, and of the Declaration adopted at that Conference, ____________ 3/ See A/47/558, annex I. /...