text: difficult to implement economic reforms that would engender self-sustaininq growth and recovery. It is no wonder therefore that the living standards of our people are continuing to fall~ unemployment is increasing at a very fast rate, and our credit worthiness has been seriously eroded. We are fully convinced that the time for action is now. RH/16 A/S-18/PV. 5 66 (Mr. Moqae, Botswana) The external debt of the SADCC countries has been qrowinq at an alarming rate. The external debt for the whole region was $13.1 billion in 1984. This grew to $19.8 billion by the end of 1986. The level and intensity of the problem varies from country to oountry. Three of our member States are classified as "debt distressed countries" -that is, their scheduled debt-repayments obligations are higher than 30 per cent of their annual foreign exchange earnings. These countries have accumulated large payment arrears. Three other member States are classified as "debt serious countries" -that is, their scheduled debt repayments are more than 20 per cent of their foreign exchange earnings, but below 30 per cent. Some of these countries are having problems in meeting their debt obligations. The remaining three founding member States are classified as "debt manageable countries" -that is, their scheduled debt repayments are below 20 per cent of their for~ign exchange earnings. Namibia, which has just joined SADCC, has been left with a huge external debt incurred by the colonial ruler. We urge countries owed money by Namibia to convert the loans into grants to enable Namibia to start its development process with a clean slate. Although solutions of the problem are dependent on the nature and extent of the debt, all SADCC countries are committed to adopting measures aimed at seriously addressing this problem. It is our hope that our creditors will respond in kind and reciprocate our actions. 
analysis: The text primarily discusses the economic challenges faced by the SADCC (Southern African Development Coordination Conference) countries, specifically the issue of external debt and its impact on their economy, employment, and living standards. The speakers urge countries to adopt measures to address the debt problem and hope for a response from their creditors. The text also touches on the need for economic reforms and sustainable growth.