A/RES/60/187 and poverty reduction, including a stable macroeconomic framework, transparent and accountable systems of public finance, a sound business climate and a predictable investment climate, and in this regard invites all creditors, both private and public, to encourage those efforts, for example, through further participation in the delivery of debt relief in the framework of the enhanced Heavily Indebted Poor Countries Initiative and continued provision of adequate and sufficiently concessional financing by international financing institutions and the donor community; Stresses that debt relief can play a key role in liberating resources that 8. should be directed towards activities consistent with poverty eradication, sustained economic growth and sustainable development and the achievement of the internationally agreed development goals, including the Millennium Development Goals, and in this regard urges countries to direct those resources freed through debt relief, in particular through debt cancellation and reduction, towards these objectives; Reiterates that debt sustainability depends on a confluence of many 9. factors at the international and national levels, emphasizes that country-specific circumstances and the impact of external shocks should be taken into account in debt sustainability analyses, underscores the fact that no single indicator should be used to make definitive judgements about debt sustainability, and in this regard, while acknowledging the need to use transparent and comparable indicators, invites the International Monetary Fund and the World Bank, in their assessment of debt sustainability, to take into account fundamental changes caused by, inter alia, natural disasters, conflicts, changes in global growth prospects or in the terms of trade, especially for commodity-dependent developing countries, and to continue to provide information on this issue using existing cooperation forums, including those involving Member States; 10. Reiterates also its invitation to the World Bank and the International Monetary Fund to keep the overall implications of the debt sustainability framework for low-income countries under review, calls for transparency in the computation of the country policy and institutional assessments, and welcomes the intention to disclose the country performance ratings of the International Development Association that form part of the framework; 11. Welcomes the Gleneagles proposal by the Group of Eight, as endorsed by the Bretton Woods institutions at their 2005 annual meetings, to cancel 100 per cent of the debt owed by heavily indebted poor countries to the International Monetary Fund, the International Development Association and the African Development Fund and their emphasis that it should be expeditiously implemented by the concerned multilateral financial institutions, also welcomes their efforts to proceed with steps to ensure all necessary arrangements to implement the proposal and ensure that the funds for this process are fully additional to existing aid commitments to the International Development Association and the African Development Fund, looks forward to the remaining heavily indebted poor countries with unsustainable debt burdens, including countries that may enter the Heavily Indebted Poor Countries Initiative process based on their debt burdens at the end of 2004, becoming eligible for such treatment as they reach the completion point, emphasizes that the key element of the proposal is that debt relief will be fully financed by donors to ensure that the financing capacity of international financial institutions is not reduced, and in particular that the financial integrity and capacity of the International Development Association and the African Development Bank to assist developing countries in the future is maintained, and also emphasizes the 3