A/RES/55/184 appreciation their approval of proposals to streamline preliminary heavily indebted poor countries documents, Recognizing that the full implementation of the enhanced Heavily Indebted Poor Countries Initiative will require substantial financial resources, and, in this regard, stressing the need for fair, equitable and transparent burden-sharing among the international public creditor community and other donor countries, and also stressing the need to fund adequately the Heavily Indebted Poor Countries Trust Fund and the Poverty Reduction and Growth Facility/Heavily Indebted Poor Countries Trust Fund, and, in this regard, welcoming the contributions and pledges made by donors to the trust funds, Noting with concern that some highly indebted middle-income developing countries are facing serious difficulties in meeting their external debt-servicing obligations owing, inter alia, to liquidity constraints, Stressing that the effective management of the debt of developing countries, including middle-income countries, is an important factor, among others, in their sustained economic growth and in the smooth functioning of the world economy, Stressing also the importance of a sound enabling environment for effective debt management, 1. Recognizes that effective, equitable, development-oriented and durable solutions to the external debt and debt-service burdens of developing countries can contribute substantially to the strengthening of the global economy and to the efforts of developing countries to achieve sustained economic growth and sustainable development, in accordance with the relevant General Assembly resolutions and the results of recent global conferences; 2. Reaffirms the need, as expressed in the United Nations Millennium Declaration,2 for the international community to deal comprehensively and effectively with the debt problems of low- and middle-income developing countries, through various national and international measures designed to make their debt sustainable in the long term; 3. Calls for the full, speedy and effective implementation of the enhanced Heavily Indebted Poor Countries Initiative, and, in this regard, stresses the need for the donor community to provide the additional resources necessary to fulfil the future financial requirements of the Initiative, hence welcomes 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 thirteenth replenishment of the Association, and calls upon all donors to participate fully in this process; 4. Calls upon the heavily indebted poor countries to take, as soon as possible, the policy measures necessary to become eligible for the enhanced Heavily Indebted Poor Countries Initiative and to reach the decision point; 5. Reiterates its call upon industrialized countries, as expressed in the United Nations Millennium Declaration in the context of addressing the special needs of the least developed countries, to agree to cancel all bilateral official debts of the heavily indebted poor countries in return for their making demonstrable commitments to poverty reduction; 3

Select target paragraph3

Connect to a paragraph
Connect to an entity
Disable highlights
Add to table of contents