A/RES/57/272 17. Notes the impact of financial crisis or risk of contagion in developing countries and countries with economies in transition, regardless of their size, and in this regard underlines the need to ensure that the international financial institutions, including the International Monetary Fund, have a suitable array of financial facilities and resources to respond in a timely and appropriate way, in accordance with their policies; 18. Takes note of the communiqué of the Development Committee of 28 September 2002, in particular paragraph 10, on the need to identify pragmatic and innovative ways to further enhance the participation of developing countries and countries with economies in transition in international decision-making and norm-setting, and encourages all relevant international financial institutions to take concrete measures towards this end; 19. Invites the International Monetary Fund to continue its work on quotas, and welcomes the continuing consideration by the Fund of its quota review and the reiteration by the International Monetary and Financial Committee that the Fund should have adequate resources to fulfil its financial responsibilities and that quotas should reflect developments in the international economy; 20. Requests the Secretary-General, in collaboration with the secretariats of relevant institutional stakeholders, fully utilizing the mechanisms of the United Nations System Chief Executives Board for Coordination, with the effective support of the United Nations Secretariat and building on the successful experience in the preparations for the International Conference on Financing for Development, to prepare a comprehensive report on the implementation of and follow-up to commitments and agreements made at the Conference, focusing on progress achieved in all areas covered by the Monterrey Consensus; 21. Decides that the preparatory work and reports of the special high-level meeting of the Economic and Social Council with the Bretton Woods institutions and the World Trade Organization, as well as the preparatory process of the General Assembly high-level dialogue, should serve as inputs in the preparation of the comprehensive report, which would be submitted on an annual basis to the General Assembly, under the agenda item on follow-up to the International Conference on Financing for Development, as well as to the biennial high-level dialogue of the General Assembly; 22. Stresses the importance of making progress on all fronts and enhancing the coherence and synergies of all development efforts, and, in the spirit of the strategic partnership launched at Monterrey, requests the President of the General Assembly to bring the present resolution to the attention of the Board of Executive Directors of the World Bank and the Executive Board of the International Monetary Fund before the 2003 spring meetings of the International Monetary and Financial Committee and the Development Committee, as well as to the attention of the General Council of the World Trade Organization, as an input to the special highlevel meeting of the Economic and Social Council with the Bretton Woods institutions and the World Trade Organization to be held in April 2003 and the subsequent high-level dialogue of the General Assembly on financing for development to be held in the second half of 2003. 78th plenary meeting 20 December 2002 4