of 30 least developed countries (i.e. repayment obligations on outstanding aid loans were changed to the easier terms that donors were now offering these countries). Some OECD countries that had decided to give aid exclusively as grants implemented this resolution by cancelling old debts, making this a precursor of the Heavily Indebted Poor Countries (HIPC) Initiative. The debate ended in September 1980 when TDB Resolution 222 (XXI) was adopted by consensus. Part B of the resolution contains the “Detailed Features for Future Operations Relating to the Debt Problems of Interested Developing Countries”. The Resolution was adopted without dissent, albeit with France abstaining to emphasise its strict neutrality, being the host of the debt renegotiations, as this time the resolution made explicit reference to the Paris Club as the recognised multilateral forum for bilateral debt rescheduling. Part B of resolution 222 (XXI), the “Detailed Features for Future Operations Relating to the Debt Problems of Interested Developing Countries”, were in fact an agreed “code of conduct” for official debt rescheduling as only governments (UNCTAD constituency) were represented when it was adopted. History Early 1980s Since 1979, based on TDB Resolutions 132 (XV) and 165 S-IX, UNCTAD has attended practically all Paris Club meetings that involved developing countries or economies in transition. The UNCTAD Division that was nominated to attend the Paris Club was the “Money, Finance and Development Division” (presently “Globalization and Development Strategies”), lead at the time by Mr Gerasimos Arsenis (Greece). This Division had in charge, among other duties, the economic forecasts for the Trade and Development Report, one of UNCTAD's flagship reports. The quantitative team of this Division belonged to the Trade and Projections Branch, which officers were commissioned since 1979 to help countries in debt difficulties to present their cases to the Paris Club. The reason for this was that the staffs of that branch maintained a set of econometric models for major developing countries around the world, and had the quantitative skills for calculating additional flows needed to close the balance of payment gap, either through new flows or/and through rescheduling of debt. This team was composed by Kenneth Ruffing (United States) team leader; Enrique Cosío-Pascal (Mexico) in charge of Latin America; Valery Prokohrenkov (USSR) in charge of North Africa and the Middle East; Sam Chan-Tung (Mauritius) in charge of Asia and Oceania; Kombo Moyana (Zimbabwe) in charge of Sub-Saharan Africa; and Jacques Baert (Belgium) statistical assistant