A/RES/57/272
Development,1 and, in that regard, to promoting a holistic approach to the
interconnected national, international and systemic challenges of financing for
development, in active partnership with the Bretton Woods institutions, the World Trade
Organization and other relevant institutional stakeholders, civil society and the private
sector, including through collective and coherent action in every area of the Consensus;
2.
Reiterates that success in meeting the objectives of development and
poverty eradication depends, inter alia, on good governance within each country and
at the international level. Sound economic policies, solid democratic institutions
responsive to the needs of the people and improved infrastructure are the basis for
sustained economic growth, poverty eradication and employment creation.
Transparency in the financial, monetary and trading systems and the commitment to
an open, equitable, rule-based, predictable and non-discriminatory multilateral
trading and financial system are equally essential;
3.
Expresses its concern about the difficulties of the present world
economic situation, stresses the importance of confronting it through strong
cooperative efforts by all countries and institutions, and underlines the importance
of continued efforts to improve global economic governance and strengthen the
United Nations leadership role in promoting development;
4.
Calls for the integrated consideration of trade, finance, investment,
technology transfer and development issues, and, to that end, re-emphasizes the
urgency of coherent action by the United Nations, the Bretton Woods institutions
and the World Trade Organization, as appropriate, along with the action of
Governments, to promote equitable and broad sharing in the benefits of
globalization, taking into account the specific vulnerabilities, concerns and needs of
developing countries;
5.
Recognizes that an enabling domestic environment is vital for mobilizing
domestic resources, increasing productivity, reducing capital flight, encouraging the
private sector, and attracting and making effective use of international investment
and assistance. Efforts to create such an environment should be supported by the
international community;
6.
Encourages all Governments to combat corruption, bribery, moneylaundering and the transfer of illicitly acquired funds and assets and to work for the
return of such funds and assets to the countries of origin, and welcomes actions
taken in that regard at the national and international levels;
7.
Stresses the need for structural reforms to strengthen corporate
governance, accounting and auditing, in particular when inadequate policies can
have systemic consequences;
8.
Stresses also the importance of strong domestic institutions that promote
business activities and financial stability for the achievement of growth and
development, inter alia, through sound macroeconomic policies and policies aimed
at strengthening the regulatory systems of the corporate, financial and banking
sectors;
9.
Considers that, in the context of the current world economic situation,
the multilateral trading system should be reinforced by achieving a balanced
outcome of the Doha negotiations which responds to the interests of all the members
of the World Trade Organization, in particular the developing countries, by giving
concrete shape to the development-related provisions of the work programme of the
World Trade Organization and by working to ensure that the concerns of developing
countries, in particular in terms of implementation issues and special and
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