A/RES/48/171 Page 2 United Nations Conference on Environment and Development, particularly Agenda 21, 3/ Taking note of the declaration adopted at the Ministerial Meeting of the Least Developed Countries, held in New York on 30 September 1993, in pursuance of the decision taken at the Ministerial Meeting held at Dhaka in February 1990, 4/ Recalling that the prime objective of the Programme of Action is to arrest the further deterioration in the socio-economic situation of the least developed countries, to reactivate and accelerate their growth and development and to set them on the path of sustained growth and development, Noting that while many least developed countries, for their part, have been implementing courageous and far-reaching policy reforms and adjustment measures in line with the Programme of Action, implementation of international support measures and commitments by a number of donor countries has fallen short of the provisions of the Programme of Action, Expressing serious concern about the continued deterioration in the socio-economic situation of the least developed countries as a whole, Also expressing concern about the heavy debt stock and debt-service burden of the least developed countries, the limited market for their products and the reduced flow of development resources, Stressing that the mid-term review of the implementation of the Programme of Action provides a unique opportunity for the least developed countries and their development partners to take new measures as necessary, with a view to enhancing the implementation of the Programme of Action during the rest of the 1990s, Also stressing that the implementation of the Programme of Action provides for a mid-term review conducted by the United Nations Conference on Trade and Development in accordance with paragraph 140 of the Programme of Action, the results of which will be submitted to the General Assembly, Taking note with appreciation of the report of the Secretary-General, 5/ 1. Reaffirms the Paris Declaration and the Programme of Action for the Least Developed Countries for the 1990s; 1/ __________ 3/ Report of the United Nations Conference on Environment and Development, Rio de Janeiro, 3-14 June 1992 (A/CONF.151/26/Rev.1 (Vol. I and Vol. I/Corr.1, Vol. II, Vol. III and Vol. III/Corr.1)) (United Nations publication, Sales No. E.93.I.8 and corrigendum), vol. I: Resolutions adopted by the Conference, resolution 1, annex II. 4/ A/C.2/48/4, annex. 5/ A/48/333.