text: 58. It rdaa noted, holrever, lhat aeveral nultilaterat development agencies, mainly -financed by countries menber' "i-arra o"rir"pment Assi.stance conrniEree, bave adopted policies that enphasize the needs of lea6t developed countrtes. Altbough the share of frons. fron these "gan"i""-to r.east deveroped countries has increased sioce l9gl, the policy ;rph;;;;-;" yer to be fully reflected in aid disbursement patterns. 59. The World Bank Special Facility for Sub_sahatan Africa, although not specifically addressed to the least a.ueropea-cou ntr ies, was established in ::3:r:f":ttr increase financial floe,s ro rnaiy-African reaar deveroped Nefl mechanlgms 60. No new initiatives have been taken since I9g1 in respect of possible new11h1|sms for enLarging financial t..nsf... -to- che l-east developeal countries. rt was noted chat the u". uy - iio". -countr ies of resources of cbe rnternationar l,bnetary Fund, ttesigned c" r""i"t-rittr short-ternbarance-of-payments piobrems, whiJt ,.""r,.J-ii]z bitlion in 1983, uas now on the decllne and chat their net purchasea fr"^-ii. Fund bad been negative in L984, despite their conrinuing serlous U.fri.._or_p.yments difficulties. rr wa. further noted that the Task ""r". oi-c"i.."Jronar Frows of the Developrneni cornmittee of the world Bank. had ,*.ntif ;;;i;"" irs eork, $hich was considered at the 27th neeting of che oeveloir"i, ao..rar.e, held on 7 October l9g5 at Seoul, Republic of Korea. 4. Aid nbdal iti es 61. the substantial Ne{, programne of Action urged donors and recipienbs to inprove the quality and effective"."" "i-"iii"ii:. a"rr.rop..nt assistance by making improlrements in aid-practices .;; ;;;;;";.".. rn rhis resard rhe f ollorring points uere noted: (a) l.{ost donors have increasingly provided aid to the least developed counEries on grant terns,
analysis: The text appears to be discussing international economic development and aid policies, specifically focusing on the allocation of resources to least developed countries. It mentions the World Bank, the International Monetary Fund, and the development assistance committee, which suggests a strong connection to economic development.