text: while the same data indicate that the State of Kuwait, a developing country, had become one of the few countries in the world whose development aid amPly surpassed the target of 0.7 Per cent. Kuwaiti development aid represented in some years over 3.5 per cent of GNP, making Kuwait the eighth-ranked country in the world in terms of loans granted in proportion to its gross national income, accordinq to the latest OECD report. If the developing countries are to achieve the necessary development leap, the industrialized countries must be encouraged to step up their imports from them and to liberalize their trade systems by abolishing all protectionist policies which obstruct the developinq countries' exports. The stability of commodity markets must also be secured, and the imbalance between the prices of commodities exported by the developing countries and the prices of manufactured goods that they import from the industrialized countries should be corrected. We also believe that the developing countries themselves have a responsibility to imP!':-ove their economic conditions. They must curb the tendency towards inflation in their economies, seek to enhance the efficiency and effectiveness of their domestic institutions in all sectors, improve the performance of management, invigorate their international competi t.iveness, secure the active stimulation of national savings, adopt sound national policies, create the aPPropriate conditions fcc local and foreiqn investments, refrain from all projects and soendinq programmes that do not aim at development, and optimize the utilization and appropriate handling of national resources and wealth, as well as external assistance for the benefit of development and the betterment of the living conditions of their peoples. JB/8 A/S-18/PV.4 34-35 (Mr. Al-Sabah, Kuwait) ~ country's deleqation also wishes to stress here the importance of reactivating the role of the United Nations, the multilateral institutions, and machinery to enhance international economic co-operation and co-ordinate and quide 
analysis: The text discusses the importance of development aid, trade liberalization, and economic cooperation between developed and developing countries. It highlights Kuwait's efforts in providing development aid and its call for other developed countries to do the same. The text also emphasizes the need for developing countries to take responsibility for their economic development and for international institutions to play a more active role in promoting cooperation and coordination.