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.