A/RES/50/132 Page 4 Recognizing that the efforts of the Government of Nicaragua to consolidate peace and democracy, repair its economy and rebuild the nation merit the urgent support of the international community and the United Nations system in order to preserve the gains made and overcome the effects of the war and natural disasters which persist in Nicaragua, and that the request of the Nicaraguan Government for United Nations observers during the elections to be held in 1996 also merits support, Recognizing also the valuable and effective contribution made by the United Nations and by various governmental and non-governmental mechanisms to the gradual transformation of Central America into a region of peace, freedom, democracy and development, and the importance of the political dialogue and economic cooperation which are taking place in the ministerial conference between the European Union and the Central American countries, and the joint initiative by the industrialized countries of the Group of Twenty-four and the countries of the Group of Three 9/ as cooperating countries, under the auspices of the Association for Democracy and Development in Central America, Taking note of the report of the Secretary-General of 3 October 1995 on the situation in Central America, 10/ 1. Commends the efforts of the peoples and Governments of the Central American countries to consolidate peace and promote sustainable development by implementing the agreements adopted at the summit meetings, especially the commitments adopted at the recent presidential meetings, and requests the Secretary-General to continue to give the fullest possible support to the initiatives and activities of the Governments of the Central American countries; 2. Supports the decision of the Presidents of the Central American countries to declare Central America a region of peace, freedom, democracy and development, and encourages the initiatives of the Central American countries, in the framework of the integrated strategy for sustainable development and based on the latest Central American meetings, to consolidate Governments that base their development on democracy, peace, cooperation and respect for human rights; 3. Draws attention to the decision of the Presidents of the Central American countries embodied in the Declaration of Guácimo, 2/ in which the national and regional strategy known as the Alliance for the Sustainable Development of Central America became an integrated initiative reflected in a programme of immediate action in the political, moral, economic, social and environmental fields, through which the Central American countries hope to become, with the support of the international community, an example of sustainable development for other regions; 4. Welcomes the efforts of the Central American countries to promote economic growth oriented towards human development, as well as the progress achieved in strengthening democracy and consolidating peace in the region; 9/ The group of cooperating countries, known as the "Group of Three", consists of Colombia, Mexico and Venezuela. 10/ A/50/499. /...