New Partnership for Africa’s Development: progress in implementation and international support A/RES/73/335 37. Calls upon developing countries and countries with economies in transition to continue their efforts to create a domestic environment conducive to encouraging entrepreneurship, promoting the formalization of informal sector activities in Africa and attracting investments by, inter alia, achieving a transparent, stable and predictable investment climate with proper contract enforcement and respect for property rights, embedded in sound macroeconomic policies and institutions; 38. Notes that foreign direct investment is a major source of financing for development, that it has a critical role in achieving inclusive economic growth and sustainable development, including through the promotion of job creation and the eradication of poverty and hunger, and that it contributes to the active participation of the African economies in the global economy and facilitates regional economic cooperation and integration, and in this regard calls upon, as appropriate, developed countries to continue to devise source-country measures to encourage and facilitate the flow of foreign direct investment through, inter alia, the provision of export credits and other lending instruments, risk guarantees and business development services; 39. Invites all of Africa’s development partners, in particular developed countries, to support the efforts of African countries to promote and maintain macroeconomic stability, to help African countries to attract investments and promote policies conducive to attracting domestic and foreign investment, for exam ple by encouraging private financial flows and supporting small and medium -sized enterprises, especially those owned by women, to promote investment by their private sectors in Africa, to encourage and facilitate the development and transfer of technology to African countries, on mutually agreed terms, and to assist in strengthening human and institutional capacities for the implementation of the New Partnership, consistent with its priorities and objectives and with a view to furthering Africa’s development at all levels; 40. Acknowledges the progress made towards ensuring free movement of persons as well as goods and services in Africa, and in this regard welcomes with appreciation the entry into force on 30 May 2019 of the agreement on the African Continental Free Trade Area, which aims at doubling intra-African trade by, inter alia, removing non-tariff and tariff barriers on goods and services, and the launch of its operational phase on 7 July 2019; 41. 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 multilateral trading system and to build their c apacity to compete through such initiatives as Aid for Trade and, given the world economic and financial crisis, the provision of assistance to address the adjustment challenges of trade liberalization; 42. Also reiterates that we are setting out together on the path towards sustainable development, devoting ourselves collectively to the pursuit of global development and of “win-win” cooperation which can bring huge gains to all countries and all parts of the world; 43. Emphasizes the importance of facilitating the accession of developing countries to the World Trade Organization, recognizing the contribution that their accession would make to the rapid and full integration of those countries into the multilateral trading system, urges in this regard the acceleration of the accession process on a technical and legal basis and in an expeditious and transparent manner for developing countries that have applied for membership in the World Trade Organization, and reaffirms the importance of that organization ’s decision WT/L/508/Add.1 of 25 July 2012 on accession by the least developed countries; 19-15588 9/11