A/RES/59/225 people and improved infrastructure as a basis for sustained economic growth, poverty eradication and employment creation; (c) The importance, in order to complement national development efforts, of the implementation of the commitment to enhance the coherence and consistency of international monetary, financial and trading systems; Requests the Secretary-General to consult with the Director-General of 4. the World Trade Organization in order to expand existing cooperation between the two organizations on issues related to financing for development and to build on the ad hoc modality of interaction between the United Nations and the World Trade Organization in the preparations for the International Conference on Financing for Development by making better use of the possibilities offered by the existing framework of cooperation; Recognizes the issues of particular concern to developing countries and 5. countries with economies in transition acknowledged in paragraph 28 of the Monterrey Consensus, and the importance and critical role that a universal, rulebased, open, non-discriminatory and equitable multilateral trading system, as well as meaningful trade liberalization, can play in stimulating economic growth and development, benefiting countries at all stages of development, particularly in the case of the developing countries, where trade continues to be one of the most important sources of development financing, and in this regard welcomes the decision taken by the General Council of the World Trade Organization on 1 August 2004, 9 which rededicates and recommits members to fulfilling the development dimensions of the Doha Development Agenda, which places the needs of developing and least developed countries at the heart of the Doha work programme; 10 6. Notes the recognition by the World Bank and the International Monetary Fund of the need to pursue efforts to increase fiscal space for public infrastructure investment within limits of fiscal prudence and debt sustainability; Decides to give further consideration to the subject of possible 7. innovative and additional sources of financing for development from all sources, public and private, domestic and external, taking into account international efforts, contributions and discussions, within the overall inclusive framework of the follow-up to the International Conference on Financing for Development; Acknowledges the role that the private sector can play in generating new 8. financing for development, and stresses the importance of pursuing appropriate policy and regulatory frameworks at the national level, in a manner consistent with national laws, to foster a dynamic and well-functioning business sector to increase economic growth and reduce poverty, while recognizing that the appropriate role of Government in market-oriented economies will vary from country to country; Reaffirms the need to adopt policies and undertake measures to reduce 9. the cost of transfer of migrant remittances to developing countries, and welcomes efforts by Governments and stakeholders in this regard; _______________ 9 World Trade Organization, document WT/L/579. Available from http://docsonline.wto.org. See A/C.2/56/7, annex. 10 3