A/RES/55/186 welcomes, in this regard, the commitments made by the General Assembly at its twenty-fourth special session on the implementation of the outcome of the World Summit for Social Development, to ensure that, when structural adjustment programmes are agreed to, they include social development goals, in particular those of eradicating poverty, promoting full and productive employment and enhancing social integration; 16. Emphasizes that the international financial institutions should, when invited by national Governments, provide assistance and advice, as appropriate, to the countries in their efforts to promote development and reduce poverty through national programmes, including, where relevant, nationally owned and developed poverty reduction strategy papers that integrate macroeconomic, structural and social policies; 17. Underlines the continuing importance of providing the international institutions, in particular the International Monetary Fund, with adequate resources to provide emergency financing in a timely and accessible manner to countries affected by financial crises, and notes the regional and subregional efforts to facilitate emergency financing in time of crisis; 18. Welcomes the progress made in developing early warning capacities to address in a timely manner the threat of financial crisis, and in this regard encourages the International Monetary Fund and other relevant international and regional institutions to continue their efforts to contribute to this process; 19. Calls upon the international community, in particular the World Bank and the regional development banks, and other relevant international and regional institutions, including the regional commissions, working with the private sector, to support the promotion of long-term private financial flows, especially foreign direct investments, inter alia, through enhanced technical cooperation, to all developing countries as well as economies in transition, in particular the least developed countries and other developing countries with special difficulties in attracting private financial flows, including those in Africa, as well as the small island developing countries, and, in this context, requests the United Nations Conference on Trade and Development to provide information to the General Assembly at its fifty-sixth session on the work it has undertaken on this matter; 20. Reiterates its invitation to the International Monetary Fund to facilitate the dialogue among relevant actors to consider the possibility of establishing regulatory frameworks for short-term capital flows and trade in currencies; 21. Emphasizes that it is important for sovereign risk assessments made by private sector agencies to be based on objective and transparent parameters; 22. Reaffirms the need to consider appropriate frameworks for the involvement of the private sector in the prevention and resolution of financial crises, including the need to implement and further refine the framework laid down by the International Monetary and Financial Committee at its meeting held on 16 April 2000, and underlines the importance of an equitable distribution of the cost of adjustments between the public and private sectors and among debtors, creditors and investors, concerning, inter alia, highly leveraged operations, as well as the consideration, in exceptional cases, of debt standstill arrangements; 5

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