HIGH-LEVEL COMMITTEE ON REVIEW OF TECHNICAL COOPERATION AMONG DEVELOPING COUNTRIES CONCLUDES ELEVENTH SESSION CORRECTION

Press Release
DEV/2214/

HIGH-LEVEL COMMITTEE ON REVIEW OF TECHNICAL COOPERATION AMONG DEVELOPING COUNTRIES CONCLUDES ELEVENTH SESSION CORRECTION

On pages 3 and 4 of Press Release DEV/2214 of 4 June, the summary of the statement by the President of the High-level Committee on the Review of Technical Cooperation among Developing Countries (TCDC), should read as follows:

PATRICIA DURRANT (Jamaica), President of the High-level Committee, said in her closing statement the successful conclusion of the Committee's work was due to the constructive cooperation and to the friendly and sincere understanding that had guided all delegations. The Committee's mandate had been a simple but ample one: to make recommendations on measures for implementing the Buenos Aires Plan of Action and to monitor all TCDC activities of the United Nations system.

She said the Committee had considered the recommendations of the new directions strategy for TCDC, focusing on such high-priority areas as trade and investment, debt, poverty alleviation, product and employment, the environment, macroeconomic policy coordination and aid management, all of which had a major development impact on developing countries.

In its decisions, she said, the Committee had reaffirmed the validity of the Buenos Aires Plan of Action, offering as it did viable opportunities for improving the socio-economic development of developing countries, and for enabling them further participation and integration in the global economy. The Committee had been able to point to an increase in TCDC activities in bilateral cooperation among developing countries and the expression of triangular cooperation and of support from developed countries, either directly or through the United Nations system. The Committee had also noted the success in mainstreaming the TCDC modality in the development programmes of the United Nations system while recognizing that more remained to be done.

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