CM/Res. 750(XXXIII) Rev. 1
RESOLUTION ON MONETARY ISSUES
The Council of Ministers of the organization of African Unity meeting in its Thirty- third Ordinary Session in Monrovia, Liberia, from 6 to 20 July 1979;
Deeply concerned at the continuing dislocation of the international monetary relations;
Deploring the lack of significant progress towards an international monetary system consistent with the development requirements of developing countries;
Emphasising that developing countries particularly the least developed among them continue to face an unfair burden of adjustment:
AFFIRMS that a fundamental reform of the international monetary system is a prerequisite for overcoming the present crisis and the establishment of the NIEO;
URGES all Member countries to work urgently in a spirit of international co- operation to enable the high-level inter-governmental group of experts established by resolution 128 (V) to carry out its tasks expeditiously;
REQUESTS the OAU Secretary-General to submit a report on all monetary issues to the thirty-fourth Ordinary Session of the Council of Ministers.