The General Assembly,
 
      Reaffirming the importance and continued validity of the Declaration on
International Economic Cooperation, in particular the Revitalization of
Economic Growth and Development of the Developing Countries, contained in the
annex to its resolution S-18/3 of 1 May 1990, and the International
Development Strategy for the Fourth United Nations Development Decade,
contained in the annex to its resolution 45/199 of 21 December 1990,
 
      Recalling its resolutions 46/144 of 17 December 1991, 47/152 of 18
December 1992, 48/185 of 21 December 1993 and 49/92 of 19 December 1994 on the
implementation of the Declaration and the Strategy,
 
      Aware that the Declaration, the Strategy and the ongoing discussion on
an agenda for development are mutually supportive and closely interlinked,
 
      1.    Takes note of the report of the Secretary-General on the
implementation of the Declaration on International Economic Cooperation, in
particular the Revitalization of Economic Growth and Development of the
Developing Countries and the International Development Strategy for the Fourth
United Nations Development Decade;
 
      2.    Recognizes the need to strengthen the implementation of the
Declaration and the Strategy in the remaining years of the 1990s so as to
ensure that the Decade will indeed be one of accelerated development, in
particular in the developing countries, and strengthened international
economic cooperation;
 
      3.    Calls upon Member States to identify and take follow-up actions on
those commitments and agreements that are not fully implemented and on the
constraints to implementation;
 
      4.    Recognizes the need to provide particular support to those least
developed countries suffering from a deteriorating economic situation;
 
      5.    Requests the Secretary-General to submit to the General Assembly
at its fifty-third session a progress report on the implementation of the
Declaration and the Strategy, with particular emphasis on their relationship
with and impact on development trends, and on emerging experiences with and
consensus on development strategies;
 
      6.    Encourages Member States to provide, as and when available,
reports and papers relevant to the implementation of the commitments and
policies agreed upon in the Declaration and the Strategy in order to assist
the Secretary-General in preparing the report called for above;
 
      7.    Calls for the review and appraisal of the Declaration and the
Strategy to be coordinated with the follow-up work on major United Nations
conferences and the ongoing discussion on an agenda for development.