A/RES/73/220 International financial system and development 13. Welcomes, in this regard, the ongoing work of the New Development Bank and the Asian Infrastructure Investment Bank in the global development finance architecture, and encourages enhanced regional and subregional cooperation, including through regional and subregional development banks, commercial and reserve currency arrangements and other regional and subregional initiatives; 14. Encourages, in this regard, the multilateral development banks to continue to move forward on flexible, concessional, fast-disbursing and front-loaded assistance that will substantially and quickly assist developing countries facing financing gaps in their efforts to achieve the Sustainable Development Goals, taking into consideration the individual absorptive capacities and debt sustainability of those countries; 15. Also encourages multilateral development banks, within their respective mandates, to continue to expand technical assistance, disseminate and share their knowledge and best practices and enhance the multiplier effect of their financing by leveraging more resources from more sources, including by mobilizi ng private investment, to provide innovative and integral solutions to multidimensional development problems, in particular in developing and emerging economies; 16. Emphasizes the relevance of inclusion in the international financial system at all levels and the importance of considering financial inclusion as a policy objective in financial regulation, in accordance with national priorities and legislation; 17. Recognizes that it is important that the International Monetary Fund continue to be adequately resourced, and supports and reiterates its commitment to further governance reform at both the Fund and the World Bank to adapt to changes in the global economy; 18. Calls for the completion of the fifteenth general review of quotas of the International Monetary Fund, including a new quota formula, at the meetings of the Fund and the World Bank Group to be held in the spring of 2019, and no later than at the annual meetings of the Fund and the Group in 2019, emphasizes that the new quota formula, as a basis for a realignment of quota shares, will result in increased shares for dynamic economies in line with their relative positions in the world economy and hence likely in the share of emerging market and developing countries as a whole, while protecting the voice and representation of the poorest members, and supports the continued examination of the broader use of special drawing rights as a way to enhance the resilience of the international monetary system; 19. Acknowledges the importance of the international financial institutions supporting, in line with their mandates, the policy space of each country, while remaining consistent with relevant international rules and commitments, in particular developing countries, and recommits to the broadening and strengthening of the voice and participation of developing countries, including African countries, the least developed countries, landlocked developing countries, small island developing States, middle-income countries and countries in conflict and post-conflict situations, in international economic decision-making, norm-setting and global economic governance; 20. Reaffirms that cohesive, nationally owned sustainable development strategies, supported by integrated national financing frameworks, will be a t the heart of efforts, reiterates that each country has primary responsibility for its own economic and social development and that the role of national policies and development strategies cannot be overemphasized, expresses respect for each country’s policy space and leadership to implement policies for the eradication of poverty in all its forms and dimensions and for sustainable development, while remaining consistent with relevant international rules and commitments, at the same time recognizes that 6/8 18-22540