A/RES/55/184 14. Stresses the principle that funding of any debt relief should not affect adversely the support for other development activities in favour of developing countries, including the level of funding for United Nations funds and programmes; welcomes, in this regard, the decision of the Joint Ministerial Committee of the Boards of Governors of the World Bank and the International Monetary Fund on the Transfer of Real Resources to Developing Countries that financing of debt relief should not compromise the financing made available through concessional windows such as the International Development Association; and expresses its appreciation to those developed countries that have reached, gone beyond or recently made commitments towards reaching the agreed target for official development assistance of 0.7 per cent of their gross national product, and at the same time calls upon other developed countries to meet the target for official development assistance as soon as possible; 15. Expresses its appreciation for the action taken by creditor countries of the Paris Club with regard to the debts of developing countries that are affected by natural disasters, and, in this regard, reiterates the need for relief promises to be fulfilled within the shortest possible time frame in order to free the requisite resources for national reconstruction efforts; 16. Encourages the international creditor community to consider appropriate measures for countries with a very high level of debt overhang, including, in particular, the poorest African countries, in order to make an appropriate and consistent contribution to the common objective of debt sustainability; 17. Recognizes the difficulties of highly indebted middle-income developing countries and other highly indebted middle-income countries in meeting their external debt and debt-servicing obligations, and notes the serious situation in some of them in the context, inter alia, of significant liquidity constraints, which may require debt treatment, including, as appropriate, debt-reduction measures; 18. Calls for concerted national and international action to address effectively the debt problems of middle-income developing countries with a view to resolving their potential long-term debt-sustainability problems through various debt-treatment measures, including, as appropriate, existing orderly mechanisms for debt reduction, and encourages all creditors, both public and private, and debtor countries to utilize to the fullest extent possible, where appropriate, the mechanisms for debt reduction; 19. Recognizes the need for countries, even when experiencing a debt problem, to continue to work with creditors in order to facilitate continued access to international capital markets, and, in the event that extraordinary circumstances preclude a country from temporarily meeting its debt-servicing commitments, urges creditors and Governments to work together in a transparent and timely fashion towards an orderly and equitable resolution of the repayment problem, including consideration of temporary debt standstill arrangements in exceptional cases; 20. Notes the importance of an orderly, gradual and well-sequenced liberalization of capital accounts to strengthen the ability of countries to sustain its consequences so as to mitigate the adverse impact of the volatility of short-term capital flows; 21. Stresses that debt relief should contribute to development objectives, including poverty reduction, and in this regard urges countries to direct those 5