A/RES/57/138 A-B investors, by enacting modern company and trust laws, as well as partnership and insurance legislation, and computerizing the company registry system, Noting the need for continued cooperation between the administering Power and the territorial Government in tackling the problems of drug trafficking and money-laundering, 1. Requests the administering Power, bearing in mind the views of the people of the Territory ascertained through a democratic process, to keep the Secretary-General informed of the wishes and aspirations of the people regarding their future political status; 2. Calls upon the administering Power and all States, organizations and United Nations agencies to continue to assist the Territory in social and economic development; 3. Welcomes the Country Cooperation Framework of the United Nations Development Programme for the period 1997–1999 and its extension currently being implemented following consultations with the territorial Government and key development partners in the United Nations system and the donor community, and also welcomes the inclusion of the Territory by the United Nations Development Programme in its 2001–2003 subregional cooperation framework for the countries members of the Organization of Eastern Caribbean States and Barbados; 4. Takes note of the assessment by the Caribbean Development Bank, in its 2000 report on the Territory, that growth slowed to 1 per cent in 2000 from 7.5 per cent in 1999 as a result of damage caused by hurricane Lenny; that tourism, the largest contributor to the gross domestic product, declined following the closure of several hotels, with the resultant negative impact on employment; that the cessation of aluminium trans-shipment to Europe eroded government revenue; and that medium-term growth prospects remained favourable given the expected recovery in the tourism sector; 5. Notes that the Caribbean Development Bank, in its study entitled “International and regional economic background in 2001 and prospects”, noted that the Territory experienced improved performance in 2001, when a 2 per cent rate of expansion represented a recovery from the contraction in 2000 caused by hurricane damage; 6. Welcomes the signing of a memorandum of understanding between the Caribbean Development Bank and the United Kingdom of Great Britain and Northern Ireland to conduct a country poverty assessment for the Territory; 7. Also welcomes the establishment of the constitutional reform process, which puts emphasis on public information and education and is expected to create a participatory environment in which changes to the Constitution effective in the Territory can be formulated and recommended to the administering Power, pursuant to the recommendations as stated in its White Paper entitled “Partnership for Progress and Prosperity: Britain and the Overseas Territories”; 11 8. Further welcomes the convening in the Territory in June 2002 of the thirty-fifth meeting of the Authority of the Organization of Eastern Caribbean States, in which the Territory enjoys associate membership; _______________ 11 8 A/AC.109/1999/1 and Corr.1, annex.

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