Cairo Declaration of Developing Countries

Abstract

A Conference on the Problems of Economic Development was held in Cairo from 9-18 July, 1962. The Conference views with concern the growing disparity in the standards of living prevailing in different parts of the world. The Conference notes that despite universal acknowledgement of the necessity to accelerate the pace of development in less developed countries, adequate means of a concrete and positive nature have not been adopted to enable the developing countries to attain a reasonable rate of growth. The Conference observes that the terms of trade continue to operate to the disadvantage of the developing countries, thus accentuating their unfavorable balance of payment position. The Conference affirms that the economic and social problems of developing countries could be solved effectively within a reasonably short period of time through common endeavor on the national and international plans and within the framework of United Nations Charter and of international cooperation and assistance.