External debt sustainability and development A/RES/67/198 quickly assist developing countries facing financing gaps in their efforts to achieve the Millennium Development Goals, taking into consideration the individual absorptive capacities and debt sustainability of those countries; 10. Notes the provision by the International Monetary Fund of interest relief to low-income countries in the form of zero-interest payments on financing from concessional lending facilities until the end of 2012, and invites the Fund to consider extending its concessional loan facilities for low-income countries for the post-2012 period; 11. Also notes that countries can seek to negotiate, as a last resort, on a caseby-case basis and through existing frameworks, agreements on temporary debt standstills between debtors and creditors in order to help mitigate the adverse impacts of the crisis and stabilize macroeconomic developments; 12. Further notes the progress made under the Heavily Indebted Poor Countries Initiative and the Multilateral Debt Relief Initiative, while expressing concern that some countries have yet to reach decision or completion points, calls for the full and timely implementation of those Initiatives and for continued support to the remaining eligible countries in completing the Heavily Indebted Poor Countries Initiative process, and encourages all parties, both creditors and debtors, to fulfil their commitments as rapidly as possible in order to complete the debt relief process; 13. Welcomes and encourages the efforts of the heavily indebted poor countries, calls upon them to continue to strengthen their national policies to promote economic growth and poverty eradication through, inter alia, the maintenance of a national environment conducive to private-sector development, a stable macroeconomic framework and transparent and accountable systems of public finance, and invites the international financing institutions and the donor community to continue to provide adequate and sufficiently concessional financing; 14. Encourages the international financial institutions to review the implementation and the impact of debt relief initiatives to better understand why some countries still face persisting debt problems after completion of the Heavily Indebted Poor Countries Initiative, and calls for creditors and debtors to work together, inter alia, through the design of responses to address them; 15. Underlines the fact that heavily indebted poor countries eligible for debt relief will not be able to enjoy its full benefits unless all creditors, both public and private, contribute their fair share and become involved in the international debt resolution mechanisms to ensure the debt sustainability of those countries, and invites creditors, both private and public, that are not yet fully participating in debt relief initiatives to substantially increase their participation, including through providing comparable treatment to the extent possible to debtor countries that have concluded sustainable debt relief agreements with creditors; 16. Stresses that debt relief can play a key role in liberating resources that should be directed towards activities consistent with poverty eradication, sustained economic growth, economic development and the internationally agreed development goals, including the Millennium Development Goals, and in this regard urges countries to direct the resources freed through debt relief, in particular through debt cancellation and reduction, towards achieving those objectives, including in the context of the post-2015 development agenda, according to their national priorities and strategies; 5/8