First Session of the Intergovernmental Follow-up and Coordination Committee on Economic Cooperation among Developing Countries (IFCC-I), Manila, Philippines, 23 – 28 August 1982

  1. Final Report “Manila Follow-Up Action for ECDC”

Introduction 1. Pursuant to the Caracas Programme of Action, the First Meeting of the Intergovernmental Follow-up and Coordination Committee (IFCC-I) was held in Manila on 23 – 28 August 1982.

2. The Meeting was attended by delegates from Algeria, Argentina, Bangladesh, Brazil, Burma, Burundi, Chile, Congo, Cuba, Ecuador, Egypt, Gabon, India, Indonesia, Iran, Iraq, Ivory Coast, Jamaica, Kenya, Kuwait, Laos, Libyan Arab Jamahiriya, Malaysia, Mozambique, Mexico, Nigeria, Pakistan, Peru, the Philippines, Republic of Korea, Romania, Saudi Arabia, Senegal, Sri Lanka, Sudan, Suriname, Thailand, Trinidad and Tobago, Tunisia, United Arab  Emirates, United Republic of Tanzania, Uruguay, Venezuela, Vietnam, Yugoslavia and Zimbabwe.

Mr. Gamani Corea, Secretary-General of UNCTAD and Mr. A. Patmarajah, Special Representative of the Executive Director of UNIDO, also attended the Meeting.

Opening Ceremony

3.         The meeting was opened by Honourable Carlos P. Romulo, Minister for Foreign Affairs of the Philippines.

4.         H.E. Ferdinand E. Marcos, President of the Republic of the Philippines, in a speech read for him by the Honourable Cesar E.A. Virata, Prime Minister of the Philippines, reviewed the activities so far undertaken to promote collective self-reliance among developing countries and reaffirmed  the Philippines commitment to Economic Cooperation among Developing Countries (ECDC)

5.         The President underscored the need to strengthen economic cooperation among developing countries, particularly in the light of sharp world economic adjustments brought about by the policies of developed countries and which had resulted in prolonged recession, accompanied by unemployment, higher interest rates, decline in demand for goods and services, changing of commodity prices and erosion of export earnings of developing countries.