Question

 

• How does the United Nations Conference on Trade and Development (UNCTAD) assist developing countries with debt management?
• What is the principal goal of the Association of Southeast Asian Nations (ASEAN)? How does it work to accomplish this goal?

Answer 1

UN conference on developing countries

• Analysing the debt profiles of developing countries, theThe Debt and Development Finance Branch (DDFB) works on analytical technical assistance issues, primarily in the areas of external and domestic debt.
• DDFB provides updated analysis on debt structures of developing nations.
• Emerging issues of international debt and adapting its technical assistance to the changing needs of developing countries.
• The UNCTAD Debt Management and Financial Analysis System is a leading program overlooking debt management.
• Provider of technical cooperation in the area of debt management capacity-development.
• Helps to manage strengthen Government’s capacity to manage their debt effectively and sustainably, in support of poverty reduction development, transparency and good governance.
• Manages integrated debt database
• Analysis of debt portfolio and debt management operations.
• Specialized products and services focus on the recording, monitoring and reporting of debt data (downstream debt management).
• Complements the work of other organisations such as the World Bank, the International Monetary Fund and regional bodies whose primary focus is on sustainability strategy and debt analysis (upstream debt management).
• Users of debt management as it enables, not only to record but also to analyse public debt data with the development of the system in line with international best practises.

Principal goal of ASEAN

1. To accelerate economic growth , social progress and cultural development in the region through joint efforts in the spirit of equality and partnership to strengthen the foundations of a prosperous and peaceful community

2.Promote regional peace and stability through respect for justice and the rule of law in relations between countries in the region and adherence to the principles of the Charter of the United Nations.

Accomplishment of goal

1. By Mutual respect for the independence, sovereignty, equality, territorial integrity and national identity of all nations;

2.By ensuing right of every State to lead its national existence free from external interference, subversion, or coercion;

3. To maintain Non-interference in the internal affairs of one another

4. Helping Settlement of differences or disputes by peaceful manner

5. By Renouncement of the threat or use of force.