International financial system and development A/RES/74/202 and to continue and to enhance the coordination of financial and economic policies at the international level; 5. Stresses the critical importance of a stable, inclusive and enabling global economic environment for the advancement of sustainable development, for the reliable and effective financing of development and for the implementation of the 2030 Agenda for Sustainable Development, mobilizing public and private, as well as domestic and international resources; 6. Notes the need for open, inclusive and transparent discussions on the modernization of official development assistance measurement and on t he proposed measure of “total official support for sustainable development”, and reaffirms that any such measure will not dilute commitments already made; 7. Reiterates that debtors and creditors, including both public and private, must work together in a transparent manner to prevent and resolve unsustainable debt situations and that maintaining sustainable debt levels is the responsibility of the borrowing countries, acknowledging, however, that lenders also have a responsibility to lend in a way that does not undermine a country’s debt sustainability, and in this regard takes note of the United Nations Conference on Trade and Development principles on responsible sovereign lending and borrowing and recognizes the applicable requirements of the International Monetary Fund debt limits policy and/or the World Bank non-concessional borrowing policy, as well as the safeguards of the Development Assistance Committee of the Organization for Economic Cooperation and Development in its statistical system to enhance the debt sustainability of recipient countries, and will work towards a global consensus on guidelines for debtor and creditor responsibilities in borrowing by and lending to sovereigns, building on existing initiatives; 8. Invites, in this regard, the President of the General Assembly and the Secretary-General to give appropriate consideration to the central role of maintaining and facilitating the financial and macroeconomic stability of developing countries, including debt sustainability, and of supporting an appropriately enabling domestic and international economic, financial and regulatory environment for the means of implementation of the 2030 Agenda for Sustainable Development, including financial inclusion, and in this regard invites all major institutional stakeholders, including the International Monetary Fund, the World Bank and the United Nations Conference on Trade and Development, to support these efforts, in accordance with their respective mandates; 9. Encourages, in this regard, the Economic and Social Council to consider, at its annual forum on financing for development follow-up, a dedicated discussion and analysis of systemic issues and challenges, taking into account the roles of the international financial institutions, including the International Monetary Fund, and of the United Nations Conference on Trade and Development, in accordance with their respective mandates, pursuant to the relevant resolutions on this matter, including its resolution 69/313 on the Addis Ababa Action Agenda of the Third International Conference on Financing for Development and the mandate of the annual forum on financing for development follow-up set out therein; 10. Resolves to strengthen the coherence and consistency of multilateral financial, investment, trade and development policy and environment institutions and platforms and to increase cooperation between major international institutions, while respecting mandates and governance structures, and commits itself to taking better advantage of relevant United Nations forums for promoting universal and holistic coherence and international commitments to sustainable development, building on the vision of the Monterrey Consensus, 3 with a view to supporting the implementation of the Addis Ababa Action Agenda and the 2030 Agenda for Sustainable Development; 19-22415 5/10