United Nations General Assembly A/RES/57/272 Distr.: General 13 February 2003 Fifty-seventh session Agenda item 93 Resolution adopted by the General Assembly [on the report of the Second Committee (A/57/538)] 57/272. High-level international intergovernmental consideration of financing for development The General Assembly, Recalling its resolution 56/210 B of 9 July 2002, in which it endorsed the Monterrey Consensus of the International Conference on Financing for Development, which was adopted on 22 March 2002, 1 Welcoming the initiatives and efforts, on the part of relevant actors in the financing for development process from the public and private sectors and from civil society, to stay fully engaged, nationally, regionally and internationally, so as to ensure proper follow-up to the implementation of agreements and commitments reached at the Conference, and to continue to build bridges between development, finance and trade organizations and initiatives, within the framework of the holistic agenda of the Conference, Recognizing the link between financing for development and attaining internationally agreed development goals and objectives, including those contained in the United Nations Millennium Declaration, 2 in measuring development progress and helping to guide development priorities, as well as achieving sustained economic growth and sustainable development, Emphasizing that the international financial system should support sustainable development, sustained economic growth and poverty eradication and should allow for the mobilization, in a coherent manner, of all sources of financing for development, including the mobilization of domestic resources, international flows, trade, official development assistance and external debt relief, Taking note of the communiqués of the joint International Monetary Fund/World Bank Development Committee of 21 April and 28 September 2002 and the communiqué of the International Monetary and Financial Committee of the International Monetary Fund of 28 September 2002, 1. Underscores its firm commitment to the full and effective implementation of the Monterrey Consensus of the International Conference on Financing for _______________ 1 Report of the International Conference on Financing for Development, Monterrey, Mexico, 18–22 March 2002 (United Nations publication, Sales No. E.02.II.A.7), chap. I, resolution 1, annex. 2 See resolution 55/2. 02 55735