Promoting investments for sustainable development A/RES/74/199 Emphasizing also that achieving the Sustainable Development Goals is not possible without private and public investment, including long-term foreign investment, which can be mobilized when there is an enabling environment at all levels, Recognizing the importance of corporate sustainability, including reporting on environmental, social and governance impacts, as appropriate, to help to ensure transparency and accountability and avoid practices that counteract efforts to achieve the Sustainable Development Goals, Reaffirming the commitment to significantly increase investments to close the gender gap and strengthen support for institutions in relation to gender equality and the empowerment of women at the global, regional and national levels, Noting with concern that investments critical to achieving the Sustainable Development Goals remain underfunded, and recognizing that additional public and private investment and financing at the national and international levels will be required to meet the large investment needs, associated with gaps, for achieving the Goals, including in quality, reliable, sustainable and resilient infrastructure to support economic development and human well-being, with a focus on affordable and equitable access for all, Recognizing that international public finance, including official development assistance, is important to the efforts of developing countries to achieve the Sustainable Development Goals, including through its capacity to catalyse additional resource mobilization from other sources, public and private, as it can support improved tax collection and help to strengthen domestic enabling environments and build essential public services, Emphasizing that the call for the contribution by the private sector to Sustainable Development Goals financing is not a substitute for but rather an important complement to public financing, Noting with concern that foreign direct investment has been on a weak trajectory since 2015 and that, although foreign direct investment flows to developing countries increased slightly in 2018, they remain unequally distributed among regions and groups of countries, with Africa, the least developed countries, landlocked developing countries and small island developing States receiving small or negligible levels of foreign direct investment, Stressing that transparency and inclusion in the international financial, monetary and trading systems and solid institutions at all levels and the design and implementation of policies, including capital market regulations, where appropriate, that promote incentives along the investment chain, that are aligned with long -term performance and sustainability indicators and that reduce volatility, are essential for investment promotion, sustained economic growth, poverty eradication and employment creation in developing countries, and in this regard stressing the need for further international support as well as competitive investment climates at all levels for developing countries to achieve the Sustainable Development Goals, Recognizing that socially and environmentally responsible and accountable national and international private business activity, investment, entrepreneurship and innovation, including equal access for women and youth, are major drivers of productivity, inclusive economic growth and job creation, in order to leave no one behind, Noting the role of the United Nations Development Programme Istanbul International Centre for Private Sector in Development in its engagement with the 19-22412 3/7