A/RES/55/186 commissions 3 and the addendum thereto provided by the United Nations Conference on Trade and Development on the work it has undertaken on the involvement of the private sector in the prevention and resolution of financial crises; 4 2. Underlines the utmost importance of implementing the resolve expressed in the United Nations Millennium Declaration 1 to create an environment, at the national and global levels alike, that is conducive to development and to the elimination of poverty, inter alia, through good governance within each country, as well as good governance at the international level and transparency in the financial, monetary and trading systems; 3. Also underlines the utmost importance of implementing the commitment in the United Nations Millennium Declaration to an open, equitable, rule-based, predictable and non-discriminatory multilateral trading and financial system; 4. Stresses the special importance of creating an enabling international economic environment through strong cooperative efforts by all countries and institutions to promote equitable economic development in a world economy that benefits all people, and, in this context, invites developed countries, in particular major industrialized countries, which have significant weight in influencing world economic growth, when formulating their macroeconomic policies, to take into account their effects in terms of the external economic environment favourable to growth and development, in particular of developing countries; 5. Also stresses the special importance of creating an enabling domestic environment through, inter alia, the rule of law, capacity-building, including institutional capacity-building, and the implementation of appropriate economic and social policies, so that domestic and international resources may be effectively mobilized and used for development; 6. Reiterates the urgent need to accelerate the growth and development prospects of the least developed countries, which remain the poorest and most vulnerable of the international community, and calls upon development partners, in particular industrialized countries, to facilitate the financing of their development, inter alia, through public and private financial flows, increased official development assistance, strengthened debt relief, the adoption of a policy of duty- and quota-free access for essentially all of their exports and enhanced balance-of-payments support, and in this context welcomes the holding at Brussels in May 2001 of the Third United Nations Conference on the Least Developed Countries; 7. Recognizes the stability of the international financial system as an important global public good and a necessary condition for positive financial flows for development, and, in this context, calls upon all countries, including major industrialized countries, whose policies have significant impact on most economies, to adopt and to pursue policies that promote international financial stability and facilitate financial flows for development, and requests the Secretary-General, in collaboration with the United Nations Development Programme, to provide 3 4 A/55/187/Add.1. A/55/187/Add.2. 3