International financial system and development A/RES/70/188 Noting the Sixth Astana Economic Forum and the World Anti-Crisis Conference, held in Astana from 22 to 24 May 2013, and the Second World Anti-Crisis Conference, held in Astana from 21 to 23 May 2014, Noting also the Saint Petersburg International Economic Forum, held in Saint Petersburg, Russian Federation, from 20 to 22 June 2013, Noting further the Summit of the Group of 20 held in Brisbane, Australia, on 15 and 16 November 2014, Noting the Summit of the Group of 20 held in Saint Petersburg on 5 and 6 September 2013, Expressing concern about the adverse impact of the consequences of the world financial and economic crisis, including on development, and evidence of an uneven, fragile and slow recovery, cognizant that the global economy, notwithstanding significant efforts that helped to contain tail risks, improve financial market conditions and stability and sustain recovery, still remains in a challenging phase, with downside risks, including high volatility in global markets, excessive volatility of commodity prices, high unemployment, particularly among young people, unsustainable debt in some countries and widespread fiscal strains, which pose challenges for global economic recovery and reflect the need for additional progress towards sustaining and rebalancing global demand, and stressi ng the need for continuing efforts to address systemic fragilities and imbalances and to reform and strengthen the international financial system while implementing the reforms agreed upon to date, Noting that, while some developing countries have made major contributions to recent global economic growth, the economic crisis has reduced their capacity to withstand further shocks, recalling the commitments made to support development and strong, sustained, balanced and inclusive economic growth, and reaffirming the need to work cooperatively to meet development commitments to ensure the meaningful and effective implementation of the 2030 Agenda for Sustainable Development, Acknowledging that effective global economic governance in an increasingly interconnected world is of critical importance for the success of national efforts to achieve sustainable development in all countries and that, while significant efforts have been made over the years, there remains the need to continue to improve global economic governance and to strengthen the role of the United Nations in this regard, Recalling the commitment to work in solidarity on a coordinated and comprehensive global response to the ongoing impacts of the co nsequences of the world financial and economic crisis on development and to take actions aimed at, inter alia, restoring confidence, sustaining economic growth and creating full and productive employment and decent work for all women and men, including you ng people and people with disabilities, and equal pay for equal work or for work of equal value, Reaffirming the purposes of the United Nations, as set forth in its Charter, including to achieve international cooperation in solving international problems of an economic, social, cultural or humanitarian character and to be a centre for harmonizing the actions of nations in the attainment of common ends, and reiterating the need to strengthen the leadership role of the United Nations in promoting development, 3/10