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
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