A
UNITED
NATIONS
General Assembly
Distr.
GENERAL
A/RES/54/197
18 January 2000
Fifty-fourth session
Agenda item 97 (b)
RESOLUTION ADOPTED BY THE GENERAL ASSEMBLY
[on the report of the Second Committee (A/54/585/Add.2)]
54/197. Towards a stable international financial system, respons ive to the
challenges of development, especially in the developing countries
The General Assembly,
Reaffirming its resolution 53/172 of 15 December 1998 on the financial crisis and its impact on growth
and development, especially in the developing countries,
Taking note of the high-level regional meeting on the theme “Towards a stable and predictable
international financial system and its relationship to social development”, held at Mexico City from 5 to
7 September 1999, in collaboration with the Economic Commission for Latin America and the Caribbean, in
order to contribute to the process launched by the General Assembly in its resolution 53/172,
Recognizing that the increasing globalization of financial markets and capital flows has presented
Governments, the multilateral financial institutions and the international community at large with new
challenges and opportunities for the mobilization of adequate and more stable resources for promoting
economic development and social welfare,
Stressing the importance of the provision of adequate financial resources for the development of all
countries, in particular developing countries, inter alia, through public and private financial flows, international
trade, official development assistance and an adequate level of funding support for debt relief, in particular
the agreement for an overall financing plan for the enhanced Heavily Indebted Poor Countries Debt Initiative,
as well as mobilization of domestic resources, and that the comprehensive and integrated consideration of
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