A/RES/49/94 Page 2 Welcoming the fact that some developing countries have made substantial progress towards resolving their debt difficulties, Noting with concern the continuing debt and debt-service problems of indebted developing countries, as an element adversely affecting their development efforts and economic growth, and reiterating the need to address and resolve those problems through effective relief measures, including, where appropriate, substantial debt-reduction measures, bearing in mind the special and critical situation of the most indebted developing countries in Africa and the least developed countries, Stressing the importance of alleviating the onerous debt and debtservice burdens connected with various types of debt of many developing countries, on the basis of an equitable and durable approach and, where appropriate, addressing the full stock of debt of the poorest and most indebted developing countries as a matter of priority, Emphasizing the importance for debtor developing countries of continuing to pursue and intensify their efforts with respect to economic reforms, stabilization and structural adjustment programmes, in order to raise savings and investments, to reduce inflation and to improve economic efficiency, taking into account the need to address the social aspects of development, including the eradication of poverty, and their individual characteristics, as well as the vulnerability of the poorer strata of their populations, Expressing its concern that in a number of developing countries which are making continuous and strenuous economic reform efforts, the burden of debt and debt service continues to constitute a major obstacle to the revitalization of economic growth and development of those countries, in particular of the least developed countries, Noting that those developing countries which have continued, at great cost to themselves, to meet their international debt and debt-service obligations in a timely fashion, have done so despite serious external and domestic financial constraints, Stressing the need for continuing global economic growth and the necessity of a continuing supportive international economic environment with regard to, inter alia, terms of trade, commodity prices, improved market access, trade practices, access to technology, exchange rates and international interest rates, and noting the continued need for resources for sustained economic growth and sustainable development of the developing countries, Noting, while addressing the debt problems of developing countries, the situations in some creditor countries with economies in transition, Taking note of the result of the Ministerial Meeting of the Non-Aligned Countries on Debt and Development, held at Jakarta from 13 to 15 August 1994, and its findings and recommendations, 1/ Also taking note of the communiqué of the fifty-first Meeting of Ministers of the Intergovernmental Group of Twenty-Four on International 1/ A/49/367, annex I. /...