text: ontheimplementation ofthepresent resolution. DRAFTRESOLUTION VIII RoleQftransnatiQnal banksindeveloping countries* TheEconomic andSocial Council, Recalling General Assembly resolution 43/198of20December 1988entitled "External debtcrisis anddevelopment: towards adurable solution ofthedebt problems", FQrthediscussion, seechap.IXbelow. -9- I!. r!'!I /'r LI f·· iIII'I' !~", I I '."i' !I fi­ f : Ii' ii'. Vi !~ !~ i...~•.I", i,.'.:""'.t·,.':~, ) ii 14 i··.····I·.··~·.'·[' I.·I'I' !~ ;I'.~'I , i.'•..1.."..l'::r,., ~.; '.'.11 I' !~ i~Recalling itsresolution 1988/58 of27July1988onstrengthening the roleoftheCommission onTransnational Corporations andtheactivities ofthe UnitedNations Centre onTransnational Corporations insupport ofdeveloping countries, Reaffirming theimportance ofcontinuing theconsideration bythe Commission onTransnational Corporations ofissuesrelated totheactivities oftransnational banks, Takingintoaccount thelinkage existing between theactivities of transnational banksontheonehand,andthefinancial flowofresources to, andtheexternal indebtedness of,thedeveloping countries ontheother, Taking int~aCCQunt alsQtheroleoftheUnitedNations Centre Qn Transnational CQrporatiQns inthecontext Qftheinterrelatedness ofthe activities andpolicies ofallrelevant actorsinthefieldofexternal indebtedness, TakingintoaCCQunt further thecontribution transnatiQnal bankscanmake towards asQlutiQn oftheexternal debtprQblems ofdeveloping cQuntries and certain othercountries withserious debt-servicing problems, Reguests theSecretary-General toprepare, forsubmission tothe Commission onTransnatiQnal CorporatiQns atitssixteenth sessiQn, areport on thepresent andpotential activities Qftransnational banksrelated tQthe external indebtedness ofdeveloping countries andcertain othercountries with sterious debt-servicing problems, takingintoaccount therecentproposals that emphasize, interalia,reduction ofthestockandservice ofcommercial debt. B.Draftdecision 2.TheCQmmission onTransnational CQrpQrations alsQrecQmmends totheECQnQmic andSocial CQuncil theadQption ofthefollowing draftdecision: ProvisiQnal agenda anddocumentation forthesixteenth session QftheCommission QnTransnational CorporatiQns TheEconomic andSQcial Council approves theprovisional agenda and documentation forthesixteenth session oftheCommission onTransnational Corporations setoutbelow. PROVISIONAL AGENDA ANDDOCUMENTATION FORTHESIXTEENTH SESSION OFTHECOMMISSION ONTRANSNATIONAL CORPORATIONS 1.Election ofofficers. 2.Adoption oftheagenda andorganization ofwork. -10- ia'~rr"'--~I' the og es :>, nake ld :on dth :hat >t. .c l;..3. 4. 5. 6.Recent developments related totransnational corporations and international economic relations. Documentation ReportoftheSecretary-General ReportoftheSecretary-General ontheroleoftransnational corporations intheleastdeveloped countries Workrelated tothecodeofconduct ontransnational corporations andotherinternational arrangements andagreements: (a)Codeofconduct ontransnational corporations; Documentation ReportoftheSecretary-General ontheprogress madeintheworkon thecodeofconduct ontransnational corporations (b)Otherinternational, regional andbilateral arrangements and agreements related.to transnational corporations. Documentation ReportoftheSecretary-General International standards ofaccounting andreporting. Documentation ReportoftheIntergovernmental Working GroupofExperts on International Standards ofAccounting andReporting onitseighth session Transnational cor.porations inSouthAfrica andNamibia:
analysis: The text appears to be focused on the role of transnational banks in developing countries and the United Nations' efforts to address the external debt crisis in these countries. The report requested by the Secretary-General is intended to provide information on the present and potential activities of transnational banks related to the external indebtedness of developing countries. This suggests that the text is primarily concerned with economic development and international trade.