A/RES/50/58 Page 18 namely the Agreement on the Gaza Strip and the Jericho Area, 25/ and the Agreement on the Preparatory Transfer of Powers and Responsibilities of 29 August 1994, and the Interim Agreement on the West Bank and the Gaza Strip of 28 September 1995, Gravely concerned about the difficult economic and employment conditions facing the Palestinian people throughout the Occupied Territory, Conscious of the urgent need for improvement in the economic and social infrastructure of the Occupied Territory and the living conditions of the Palestinian people, Aware that development is difficult under occupation and best promoted in circumstances of peace and stability, Noting, in the light of the recent developments in the peace process, the great economic and social challenges and needs facing the Palestinian people and their leadership, Conscious of the urgent necessity for international assistance to the Palestinian people, taking into account the Palestinian priorities, Noting the convening of the United Nations Seminar on Palestinian Administrative, Managerial and Financial Needs and Challenges in the light of the new developments, held at the headquarters of the United Nations Educational, Scientific and Cultural Organization from 28 to 30 June 1995, Welcoming the signing of the agreements between the Palestine Liberation Organization and the United Nations Development Programme, the United Nations Relief and Works Agency for Palestine Refugees in the Near East, the United Nations Educational, Scientific and Cultural Organization and the International Labour Organization, Stressing the need for the full engagement of the United Nations in the process of building Palestinian institutions and in providing broad assistance to the Palestinian people, including assistance in the fields of elections, police training and public administration, Noting the appointment by the Secretary-General in June 1994 of the United Nations Special Coordinator in the Occupied Territories, Welcoming the results of the Conference to Support Middle East Peace, convened in Washington on 1 October 1993, and the establishment of the Ad Hoc Liaison Committee and the work being done by the World Bank as its secretariat, as well as the establishment of the consultative group and the convening of an international conference on economic assistance to the Palestinian people to be held in Paris, Welcoming also the results of the meetings of the Ad Hoc Liaison Committee on 29 and 30 November 1994 at Brussels, and on 27 April 1995 in Paris, 25/ A/49/180-S/1994/727, annex. /...