AHG/Res. 134 (XX) 1. INVITES all creditor countries and the debtor African countries to establish contacts and direct negotiations so as to consider in a spirit of mutual benefit the debt problems of African countries; 2. CALLS on creditor countries and the African debtor countries to assess, within this context, their respective situations with a view to defining ways and means of restoring the credit worthiness of African countries, necessary condition for a lasting recovery of the economy of the industrialized countries; 3. BELIEVES that the gradual restoration of the credit worthiness of the African countries lies particularly in exceptional priority financing, together with preferential repayment conditions for projects that are economically viable and socially worthwhile as well as for projects designed to ensure food self-sufficiency; 4. DRAWS the attention of the creditors to the advantages in treating each debtor country individually and according to its specifications, when establishing on a multi-annual basis, the objective criteria for fixing ceiling percentages for the export earning earmarked for debt repayment; 5. DIRECTS the Secretary-General, in co-operation with the Executive Secretary of ECA to monitor the implementation of this resolution and report to the 21st Assembly of Heads of State and Government.

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