A/RES/70/188 International financial system and development Emphasizing that the international financial system should bolster sustained, inclusive and equitable economic growth, sustainable development and job creation and promote financial inclusion and support efforts to eradicate poverty and hunger in developing countries, while allowing for the coherent mobilization of all sources of financing for development, Reaffirming the importance of supporting the African Union’s Agenda 2063, as well as its 10-year plan of action, as a strategic framework for ensuring a positive socioeconomic transformation in Africa within the next 50 years, and its continental programme, embedded in the resolutions of the General Assembly on the New Partnership for Africa’s Development, and regional initiatives, and in this regard inviting the international financial institutions to be supportive in accordance with their respective mandates, Recognizing the importance of addressing the diverse needs and challenges faced by countries in special situations, in particular African count ries, least developed countries, landlocked developing countries and small island developing States, as well as the specific challenges facing middle -income countries, Recalling the Fourth United Nations Conference on the Least Developed Countries and the Programme of Action for the Least Developed Countries for the Decade 2011–2020, 12 and recognizing in this context that the international financial institutions should be supportive, in accordance with their mandates, of the challenges and special needs and priorities of the least developed countries, countries in conflict and post-conflict situations and countries in special situations, Stressing the importance of commitment to ensuring and supporting sound domestic financial sectors, which make a vital contribution to national development efforts, as an important component of an international financial architecture that is supportive of development, 1. Takes note of the report of the Secretary-General; 13 2. Recognizes the need to continue and intensify efforts to enhance the coherence and consistency of the international monetary, financial and trading systems, and reiterates the importance of ensuring their openness, fairness and inclusiveness in order to complement national efforts to ensure sustainable development, including strong, sustained, balanced, inclusive and equitable economic growth and the achievement of the internationally agreed de velopment goals, including the 2030 Agenda for Sustainable Development; 14 3. Reiterates the need to act decisively to tackle the challenges confronting the global economy in order to ensure balanced, sustained, inclusive and equitable global growth with full and productive employment and quality jobs, and also reiterates the need for mobilization of resources from a variety of sources and the effective use of financing in order to promote full and productive employment and decent work for all; 4. Notes the important efforts undertaken nationally, regionally and internationally to respond to the challenges posed by the financial and economic crisis, and recognizes that more needs to be done in order to promote the economic _______________ 12 Report of the Fourth United Nations Conference on the Least Developed Countries, Istanbul, Turkey, 9–13 May 2011 (A/CONF.219/7), chap. II. 13 A/70/311. 14 Resolution 70/1. 4/10