A/RES/60/222 19. Urges continuing support of measures to address the challenges of poverty eradication and sustainable development in Africa, including, as appropriate, debt relief, improved market access, support for the private sector and entrepreneurship, enhanced official development assistance and increased flows of foreign direct investment, and transfer of technology; 20. Reiterates the need for all countries and relevant multilateral institutions to continue efforts to enhance coherence in their trade policies towards African countries, and acknowledges the importance of efforts to fully integrate African countries into the international trading system through initiatives such as building Africa’s trade capacity to compete and the provision of assistance to address the adjustment challenges of trade liberalization; 21. Welcomes the recent proposal of the Group of Eight, as endorsed by the Bretton Woods institutions at their 2005 annual meetings, to cancel 100 per cent of the outstanding debt of eligible heavily indebted poor countries owed to the International Monetary Fund, the International Development Association and the African Development Fund and to provide additional resources to ensure that the financing capacity of the international financial institutions is not reduced; 22. Recognizes the importance of a comprehensive and durable solution to the external debt problems of African countries, including through the cancellation of 100 per cent of multilateral debt, consistent with the recent Group of Eight proposal for the heavily indebted poor countries and, on a case-by-case basis, where appropriate, significant debt relief, including cancellation or restructuring for heavily indebted African countries not part of the Heavily Indebted Poor Countries Initiative that have unsustainable debt burdens, and welcomes the ongoing work undertaken by the International Monetary Fund and the World Bank to develop the debt sustainability framework for low-income countries, bearing in mind the importance of debt sustainability and sound budget management in the efforts to achieve national development goals, including the Millennium Development Goals; 23. Welcomes the recent increase in official development assistance pledged by many of the development partners, including the commitments of the Group of Eight and the European Union, that will lead to an increase in official development assistance to Africa of 25 billion dollars per year by 2010, and encourages all development partners to ensure aid effectiveness through the implementation of the Paris Declaration on Aid Effectiveness: Ownership, Harmonization, Alignment, Results and Mutual Accountability, adopted at the High-level Forum on the question of “Joint Progress toward Enhanced Aid Effectiveness: Harmonization, Alignment, Results”, held in Paris from 28 February to 2 March 2005; 24. Recognizes the need for national Governments and the international community to make continued efforts to increase the flow of new and additional resources for financing for development, from all sources, public and private, domestic and foreign, to support the development of African countries; 25. Welcomes the efforts by development partners to align their financial and technical support to Africa more closely to the priorities of the New Partnership, as reflected in national poverty reduction strategies or in similar strategies, and encourages development partners to increase their efforts in this regard; 26. Acknowledges the activities of the Bretton Woods institutions and the African Development Bank in African countries, and invites those institutions to continue their support for the implementation of the priorities and objectives of the New Partnership; 4