A/RES/57/266
Conference, including through enhanced market access for products of interest to
developing countries;
10. Recognizes that a substantial increase in official development assistance and
other resources will be required if developing countries, in particular the least developed
countries, are to achieve the internationally agreed development goals and objectives,
including those contained in the Millennium Declaration, and that, to build support for
official development assistance, cooperation is necessary to further improve policies and
development strategies to enhance aid effectiveness, both nationally and internationally,
and in that regard requests those countries that made announcements of increased official
development assistance at the International Conference on Financing for Development to
make those resources available as soon as possible;
11. Urges developed countries that have not done so to make concrete efforts to reach
the targets of 0.7 per cent of their gross national product as official development assistance to
developing countries and 0.15 to 0.20 per cent of their gross national product to least
developed countries, as reconfirmed at the Third United Nations Conference on the Least
Developed Countries, held at Brussels from 14 to 20 May 2001,10 encourages developing
countries to build on progress achieved in ensuring that official development assistance is
used effectively to help achieve development goals and targets, acknowledges the efforts of
all donors, commends those donors whose official development assistance contributions
exceed, reach or are increasing towards the targets, and underlines the importance of
undertaking to examine the means and time frames for achieving the targets and goals;
12. Recognizes that an enabling domestic environment is vital for mobilizing
domestic resources, increasing productivity, reducing capital flight, encouraging the
private sector, and attracting and making effective use of international investment and
assistance, and that efforts to create such an environment should be supported by the
international community;
13. Notes with great concern the continuing debt and debt-servicing problems of
the heavily indebted poor developing countries as constituting an element that adversely
affects their sustainable development efforts, noting in that regard that the total debt stock
of the developing countries rose from $1,458 billion in 1990 to $2,442 billion in 2001,
recognizes that creditors and debtors must share the responsibility for preventing and
resolving unsustainable debt situations and that debt relief can play a key role in liberating
resources that should be directed towards activities consistent with attaining sustainable
growth and development, including poverty reduction and the achievement of the
development goals contained in the Millennium Declaration, and in that regard urges
countries to direct those resources freed through debt relief, in particular through debt
cancellation and reduction, towards those objectives;
14. Calls for the full, speedy and effective implementation of the enhanced Heavily
Indebted Poor Countries Initiative, which should be fully financed through additional
resources, encourages the participation in the Initiative of all creditors that have not yet
participated, and stresses in that regard the need for the donor community to provide the
additional resources necessary to fulfil the future financial requirements of the Initiative,
welcomes, therefore, the agreement that financing for heavily indebted poor countries
should be reviewed analytically and separately from International Development Association
replenishment requirements, but back-to-back with meetings for the fourteenth replenishment
of the Association, and calls upon all donors to participate fully in that process;
15. Calls upon the developed countries, by means of intensified and effective
cooperation with developing countries, to promote capacity-building and facilitate access
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4
See A/CONF.191/11.
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