A/RES/53/172
Page 5
18. Recognizes that a most important question that needs to be addressed by the international
community in the process of globalization is the need to mobilize resources for such goals as poverty
eradication, human resources development, and health and education;
19. Welcomes the efforts of the World Bank to help Governments to address the social consequences
of crises, including the strengthening of social safety nets for the most vulnerable;
20. Requests the Secretary-General, in close cooperation with all relevant entities of the United
Nations, including the United Nations Conference on Trade and Development, within their respective
existing mandates and in consultation with the Bretton Woods institutions, to analyse the current trend in
global financial flows and modalities to improve early warning, prevention and response capabilities for
dealing with the emergence and spread of financial crises in a timely manner, taking a comprehensive and
long-term perspective, while remaining responsive to the challenges of development and the protection
of the most vulnerable countries and social groups;
21. Also requests the Secretary-General, in cooperation with the Bretton Woods institutions and the
United Nations Conference on Trade and Development, to report to the General Assembly at its fiftyfourth session on the implementation of the present resolution.
91st plenary meeting
15 December 1998
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