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 _______________ 10 4 See A/CONF.191/11.

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