text: official creditors andmultilateral financial institutions. Thisworkwillbe undertaken inordertocontribute totheelaboration, through intergovernmental dialogue andco-operation withcompetent bodies, ofaflexible growth-oriented debt strategy. Indealing withthedebtanddevelopment problems ofdeveloping countries, research ondifferent experiences should becarried out.Inaddition, research andanalysis, aswellasacomprehensive database,willbemaintained at thecountry levelinordertosupport theparticipation ofUNCTADincreditor club -5- Digitized by Dag Hammarskjöld Librarydebtreorganization meetings, inparticular theParisClubmeetings. Thebroad question ofrescheduling techniques andmeasures torestore adequate newfinancing, aswellastheanalysis ofinitiatives foralightening ofdebtburdens, willbe explored. Suchresearch willalsosupport assistance torequesting developing countries inthepreparation oftheircasesforpresentation tocreditor clubdebt reorganization meetings. Research capacity willbemaintained inordertoprovide analytical andpractical advice todeveloping countries intryingtodevelop effective debt-management systems. Tothatend,thepackage ofcountry targeted technical co-operation willbefurther developed withasharper focusonthe institutional aspects ofdebtmanagement, whileactivities willbeundertaken to redesign thecomputer-based systeminamoreadvanced language, inordertomeet theincreasingly complex needsforstatistical andmacro-economic analysis andwith theconcomitant training. SUBPROGRAMME 3.INTERDEPENDENCE ANDINTERSECTORAL SUPPORT (a)Objectives 14.17 Thelegislative authority forthissubprogramme derives fromGeneral Assembly resolutions 35/145, 42/175, 42/186, 42/187, 43/188 and44/228; UNCTAD resolution 90(IV);FinalActoftheseventh session ofUNCTAD, paragraphs 4-32, 34-69and154-155; andTradeandDevelopment Boardresolutions 144(XVI), 370(XXXV) and374(XXXVI). 14.18 Theobjectives ofthesubprogramme willbethefollowing: (a)Toexplore thenature andevolution ofinterdependence amongsectors, regions andnational economies; (b)Todetermine thosecombinations ofdomestic andinternational policies whichwouldbestreinforce thepositive aspects ofthecomplex interdependence of theworldeconomy, takingintoaccount theinterrelationships amongshort-term, medium-term andlong-term phenomena; (c)Toseektotranslate theawareness ofinterdependence intopositive action bystrengthening multilateral co-operation andmultilateral mechanisms to support predictability andstability ininternational economic relations andto revitalize development, growth andinternational trade. (b)Course ofaction ofthesecretariat 14.19 Tosupport intergovernmental consideration oftheproblems of interrelationships intheareasofmoney, finance, debt,commodities, tradeand development asanintegrating framework forthewholerangeofissuesdealtwithby UNCTAD, thesecretariat willundertake thefollowing activities: (a)Research andanalysis onissuesofinterdependence, bothamongsectors andgeographic areas, encompassing relationships between short-term phenomena and policy issues andlonger-term development trends andobjectives; (b)Analysis ofresource requirements ofdeveloping countries, including mobilization ofdomestic andexternal resources; -6-11 j Digitized by Dag Hammarskjöld Library(c)Examination ofotherdevelopment issuesofrelevance, including structural changes intheworldeconomy. 14.20 TheUNCTADsecretariat willprovide up-to-date quantitative analyses, including short-term tomedium-term forecasts andlonger-term scenarios, tosupport theeffective examination byintergovernmental bodies oftheeconomic situation of developing countries, collectively andindividually, andoftheworldeconomy asa whole. Tothisend,itwillimprove theSystemforInterlinked GlobalModelling andAnalysis (SIGMA) bymaking useofnewsimulation techniques toaddress more
analysis: This text appears to be focused on economic development, international trade, and financial management, with a specific emphasis on debt management, debt reorganization, and the exploration of interdependence among sectors, regions, and national economies. The text also touches on the importance of multilateral cooperation and the role of the United Nations Conference on Trade and Development (UNCTAD) in addressing these issues.