19 November 1981

64th plenary meeting

Mobilization of personal savings

The General Assembly,

Recalling its resolutions 3201 (S-VI) and 3202 (S-VI) of 1 May 1974, containing the Declaration and the Programme of Action on the Establishment of a New International Economic Order, 3281 (XXIX) of 12 December 1974, containing the Charter of Economic Rights and Duties of States, and 3362 (S-VII) of 16 September 1975 on development and international economic co-operation,

Bearing in mind the goals and objectives of the International Development Strategy for the Third United Nations Development Decade, contained in the annex to its resolution 35/56 of 5 December 1980, in particular paragraph 23, which deals with the mobilization of domestic financial resources in developing countries,

Convinced of the necessity and importance of intensifying efforts to mobilize personal savings in developing countries so as to maximize financial resources available for accelerated development,

Emphasizing that, while developing countries will continue to bear the main responsibility for financing their development, external financial resources, particularly official development assistance, constitute an indispensable element of support for the developing countries' own efforts,

1. Takes note of the report of the Secretary-General on the results of the 1980 International Symposium on the Mobilization of Personal Savings in Developing Countries and the suggestions made during the debate;

2. Affirms the need to encourage development of appropriate indigenous financial institutions and to foster governmental and institutional exchanges of ideas and information in the field of mobilization of personal savings;

3. Requests the Secretary-General to report to the Economic and Social Council at its second regular session of 1982 on the results of the Second International Symposium on the Mobilization of Personal Savings in Developing Countries, to be held at Kuala Lumpur in March 1982.