International financial system and development A/RES/74/202 32. Emphasizes the relevance of inclusion in the international financial system at all levels and the importance of considering financial inclusion as a policy objective in financial regulation, in accordance with national priorities and legislation; 33. Reiterates that effective, inclusive multilateral surveillance should be at the centre of crisis prevention efforts, stresses the need to continue to strengthen surveillance of the financial policies of countries, and in this regard notes the current efforts to update the surveillance approach of the International Monetar y Fund to better integrate bilateral and multilateral surveillance, along with cross -border and cross-sectoral linkages with macroeconomic and macroprudential policies, while paying closer attention to the spillover effects from national economic and finan cial policies on to the global economy; 34. Notes the potential for source countries of capital flows to use appropriate combinations of macroeconomic, macroprudential and regulatory policies that avoid excessive leverage and large international spillover s in the form of capital flow volatility, while still meeting domestic macroeconomic objectives, encourages source countries to consider such policies, and calls for greater macroeconomic coordination among systemically important economies, which can also help to address global financial market volatility; 35. Invites the international financial and banking institutions, in consultation with national Governments, to develop tailored guidelines on how countries can attract long-term international investments, guided by the 2030 Agenda for Sustainable Development, in line with national plans and policies, and with a view to minimizing the adverse effects of capital market volatility; 36. Reiterates the need to resolve to reduce mechanistic reliance on credit rating agency assessments, including in regulations, and to promote increased competition as well as measures to avoid conflict of interest in the provision of credit ratings; 37. Invites the international financial and banking institutions to continue t o enhance the transparency and analytical rigour of risk-rating mechanisms, noting that sovereign risk assessments should maximize the use of objective and transparent parameters, which can be facilitated by high-quality data and analysis, and encourages relevant institutions, including the United Nations Conference on Trade and Development, to continue their work on the issue, including the potential impact of the role played by private credit rating agencies on the development prospects of developing countries, in accordance with their mandates; 38. Recommits itself to enabling women’s full and equal participation in the economy and their equal access to decision-making processes and leadership; 39. Welcomes efforts by new development banks to develop safeguard systems in open consultation with stakeholders on the basis of established international standards, and encourages all development banks to establish or maintain social and environmental safeguard systems, including on human rights, gender equality and women’s empowerment, that are transparent, effective, efficient and time -sensitive; 40. Reiterates that States are strongly urged to refrain from promulgating and applying any unilateral economic, financial or trade measures not in accordance with international law and the Charter of the United Nations that impede the full achievement of economic and social development, particularly in developing countries; 41. Requests, in this regard, the Secretary-General to submit to the General Assembly at its seventy-fifth session an action-oriented report on the implementation of the present resolution with a particular focus on the decline in correspondent 19-22415 9/10