A/RES/74/202 International financial system and development 11. Recalls that countries must have, in accordance with their specific needs and circumstances, the flexibility necessary to implement countercyclical measures and pursue tailored and targeted responses to the various types of shocks, including economic and financial crises, notes that, in the 2018 Internati onal Monetary Fund review of programme design and conditionality, it was found that the number of structural conditions included in programmes of the Fund had increased over time, and calls for the Fund to build on recent progress to further prioritize ref orms and streamline conditions to ensure that they are timely, tailored and targeted, in accordance with national circumstances and priorities, and that they support developing countries in the face of financial, economic and development challenges, while also noting that new and ongoing programmes should not contain unwarranted procyclical conditionalities; 12. Notes, in this regard, the new strategy of the International Monetary Fund for engagement on social spending, welcomes the Fund ’s recognition of the adverse impacts that fiscal adjustment could have on the vulnerable, for whom social spending is critical to achieving the commitments under the 2030 Agenda for Sustainable Development, including nationally appropriate social protection systems and measures for all, including floors, and encourages greater collaboration on social protection finance between the Fund and international development institutions; 13. Invites the multilateral development banks and other international development banks to continue to provide both concessional and non-concessional, stable, long-term development finance by leveraging contributions and capital and by mobilizing resources for developing countries from multiple sources, for example from capital markets, and stresses that development banks should make optimal use of their resources and balance sheets, consistent with maintaining their financial integrity, and should update and develop their policies in support of the 2030 Agenda for Sustainable Development, including the Sustainable Development Goals, as appropriate; 14. Welcomes, in this regard, the ongoing work of the New Development Bank and the Asian Infrastructure Investment Bank in the global development finance architecture, and encourages enhanced regional and subregional cooperation, including through regional and subregional development banks, commercial and reserve currency arrangements and other regional and subregional initiatives; 15. Encourages, in this regard, the multilateral development banks to continue to move forward on flexible, concessional, fast-disbursing and front-loaded assistance that will substantially and quickly assist developing countries facing financing gaps in their efforts to achieve the Sustainable Development Goals, taking into consideration the individual absorptive capacities and debt sustainability of those countries, and invites shareholders of regional development banks to ensure that they are sufficiently capitalized so as to be able to meet those needs; 16. Also encourages the multilateral development banks, within their respective mandates, to continue to expand technical assistance, disseminate and share their knowledge and best practices and enhance the multiplier effect of their financing by leveraging more resources from more sources, including by mobilizing private investment, to provide innovative and integral solutions to multidimensional development problems, in particular in developing and emerging economies; 17. Recognizes the need for the international financial institutions, as appropriate, to promote gender mainstreaming in their policies and programmes, including macroeconomic, job creation and structural reform policies and programmes, in accordance with relevant national priorities and strategies; 6/10 19-22415