International financial system and development A/RES/74/202 Nations in its work in order to ensure that the initiatives of the Group of 20 complement or strengthen the United Nations system, Noting the holding of the twenty-third Saint Petersburg International Economic Forum in Saint Petersburg, Russian Federation, from 6 to 8 June 2019, Recognizing that the remaining effects of the world financial and economic crisis have the potential to undermine debt sustainability and progress towards achieving the internationally agreed development goals, including the Sustainable Development Goals, especially in developing countries, and stressing the need to avoid the recurrence of such crises, including by addressing the lessons learned, improving confidence, sustaining economic growth and promoting full and productive employment and decent work for all women and men, including young people, older persons and people with disabilities, and by continuing to promote global economic stability and the underlying institutional reforms required to achieve the Sustainable Development Goals, Expressing concern about the adverse impact of the continuing fragility of the global economy, the slow pace of the restoration of global growth and trade, increasing protectionism and inward-looking policies, with increasing systemic risks that threaten financial stability, including in developing countries, Expressing concern also at the continued decline in correspondent banking relationships, impacting the ability to send and receive international payments, with potential consequences for the cost of remittances, financial inclusion and international trade, among other areas, and thus for the achieve ment of the Sustainable Development Goals, Reaffirming the purposes of the United Nations, as set forth in its Charter, including to achieve international cooperation in solving international problems of an economic, social, cultural or humanitarian character and to be a centre for harmonizing the actions of nations in the attainment of common ends, and reiterating the need to strengthen the leadership role of the United Nations in promoting development, Recognizing the contribution of the original and reconvened Panel of Eminent Persons of the United Nations Conference on Trade and Development in the context of the United Nations sustainable development pillar and United Nations reform, as well as the contribution of the United Nations system to sustainab le finance and investments in the Sustainable Development Goals, and recognizing also the contribution of the independent team of advisers to the Economic and Social Council dialogue on the longer-term positioning of the United Nations development system i n the context of the implementation of the 2030 Agenda for Sustainable Development, Recognizing also that adequate incentives for international investors to adopt longer-term investment strategies can support the achievement of sustainable development and potentially reduce capital market volatility, Emphasizing that the international financial system should bolster sustainable, inclusive and sustained economic growth, sustainable development and job creation, promote financial inclusion and support efforts to eradicate poverty in all its forms and dimensions, including extreme poverty, and hunger, in particular in developing countries, while allowing for the coherent mobilization of all sources of financing for development, Taking note of the work of the United Nations in the area of external debt sustainability and development, Recognizing the importance of scaling up international tax cooperation, and in this regard welcoming the work of the Committee of Experts on International 19-22415 3/10