text: have been attached to it, there is a pressinq need for new and bolder measures to meet the leqitimate expectations of the debtor countries. Cb the one hand we must expand the effects, consolidate the imPact and enlarqe the benefits of the principle of siqnificant and timely reduction in <'Ebt volume RM/19 A/S-18/PV. 3 89-90 (Mr. Ghozali, Algeria} and debt servicing and, on the other hand, we must reestablish a net flow of resources from countries of the North towards the countries of the South as a means of accelerating economic and social development. More specifically, no lasting solution to the external debt crisis of the developing countries can be found in the climate of persistent and exacerbated upheaval and imbalance that prevails in international monetary, financial and trade relations. There is therefore a serious need to give proper consideration to the problem of indebtedness and monetary and financial questions, as well as of international trade, and to their interrelationships. BCT/gt A/S-18/PV. 3 91 (Mr. Ghozali, Algeria) The universal awareness of the grave threats to the environment is one of the most obvious manifestations of the reality of world interdependence, for it is so true that environmental problems are global in nature and have no borders. The shrinking of the ozone layer, the emission of gases which has resulted in the greenhouse effect, desertification, the accumulation of toxic waste, the threats to the biological diversity of our planet: all these phenomena are of concern to all countries, since they jeopardize the quality of life of the present generation and the very survival of future generations. In the joint international action designed to confront the environmental challenges, it is essential that the major responsibility of the developed countries for the attacks on the environment should be fully reflected, and that the protection of the environment should not place further obstacles on the path of 
analysis: The text discusses the need for new measures to address the debt crisis of developing countries, highlighting the importance of international cooperation and the need to address environmental issues. The language used suggests that the text is focused on global economic and financial issues, but also touches on the theme of environmental protection.