A/RES/55/186 information to the General Assembly at its fifty-sixth session on the analysis it has undertaken of international financial stability as a global public good; 5 8. Emphasizes, in this regard, the need to continue national, regional and international efforts to promote international financial stability and, to this end, to improve surveillance, early warning, prevention and response capabilities for dealing with the emergence and spread of financial crises in a timely manner, taking a comprehensive and long-term perspective while remaining responsive to the challenges of development and the protection of the most vulnerable countries and social groups; 9. Stresses the importance of strong domestic institutions to promote financial stability for the achievement of growth and development, inter alia, through sound macroeconomic policies and policies aimed at strengthening the regulatory systems of the financial and banking sectors, including considering arrangements in destination and source countries to reduce the risks of excessive international financial volatility and measures to ensure orderly, gradual and wellsequenced capital-account liberalization processes, and invites in this connection all relevant international institutions to continue to provide, upon the request of concerned countries, policy advice and technical assistance so as to strengthen their capacity in the above-mentioned areas; 10. Emphasizes the importance of deepening the convergence of the efforts of all international institutions able to contribute to the strengthening of an international financial architecture responsive to the priorities of growth and development, especially in developing countries, and to the promotion of economic and social equity; 11. Reiterates the need for broadening and strengthening the participation of developing countries in the international economic decision-making process; 12. Emphasizes the importance of the improved participation of developing countries in the work of the international institutions dealing with the reform of the international financial architecture, in particular the International Monetary Fund, as well as in relevant norm-setting processes; 13. Expresses the need for multilateral surveillance by the International Monetary Fund and regional and subregional institutions of all countries in a symmetrical manner; 14. Emphasizes that the international financial institutions, in providing policy advice and supporting adjustment programmes, should ensure that they are sensitive to the specific circumstances and implementing capacities of concerned countries and to the special needs of developing countries and should work towards the best possible outcomes in terms of growth and development, inter alia, through gender-sensitive employment and poverty eradication policies and strategies, and stresses the importance of national ownership of programmes supported by the International Monetary Fund for their sustained implementation; 15. Encourages the continuing efforts undertaken by the Bretton Woods institutions, the regional development banks and the International Labour Organization to help Governments to address the social consequences of crisis, and 5 See Global public goods: international cooperation in the 21st century, edited by Inge Kaul, Isabelle Grunberg and Marc A. Stern, published for the United Nations Development Programme by Oxford University Press, New York, 1999. 4