A/RES/74/199 Promoting investments for sustainable development private sector to achieve the Sustainable Development Goals and promote inclusive markets and sustainable business development, Recognizing the importance of investments in technological industry and the digital economy to promote connectivity and digital partnerships, and that development and transfer of technology is a powerful driver of sustainable development and that there is a need to foster linkages between multinational companies and the domestic public and private sectors, as appropriate, to facilitate technology development and transfer on mutually agreed terms, 1. Emphasizes that promoting investments in value addition and in the processing of natural resources and productive diversification ensures more inclusive and sustainable development, and in this regard encourages accelerated national efforts and the strengthening of international cooperation in areas that support policies and programmes that increase public and private, domestic and international investments for structural change in the economies of developing countries; 2. Encourages the promotion of sustainable and innovative financing opportunities and mechanisms to unlock new capital for sustainable investment and upscale sustainable business models, with a special focus on small and medium -sized enterprises; 3. Notes with concern that many of the least developed countries and small island developing States continue to be largely sidelined by foreign direct investment that could help to diversify their economies, despite improvements in their investment climates; 4. Also notes with concern the gap in access to capital for micro-, small and medium-sized enterprises, in particular for businesses led by women, young entrepreneurs and persons with disabilities, and recognizes that financial markets can be a powerful vehicle for economic growth and poverty alleviation, including when they support businesses that have a sustainable development impact and when access to credit is inclusive across all segments of an economy; 5. Recognizes that foreign direct investment can have positive spillovers, such as know-how and technology, including through establishing linkages with domestic suppliers, as well as encouraging the integration of local enterprises, in particular micro-, small and medium-sized enterprises in developing countries, into regional and global value chains; 6. Emphasizes that foreign direct investment may have different impacts on sustainable development goals and underlines the need to strengthen the alignment of foreign direct investment with national policies and sustainable development strategies; 7. Recognizes the need to develop and strengthen policies and, where appropriate, enhance regulatory frameworks to better align private sector incentives with sustainable development goals, including incentivizing the private sector to adopt sustainable practices, and foster long-term quality investment; 8. Encourages national and international efforts to integrate sustainability into the financial system and thus to further re-orient capital flows towards investments that are sustainable from an economic, social and environmental perspective; 9. Also encourages financial actors at all levels to work towards the establishment of inclusive, representative and responsible financial practices, including practices related to transparency, disclosure and standards, as appropriate; 4/7 19-22412