A/RES/59/223 collective action clauses in international bond issuing, and strongly encourages leading bond-issuing countries and the private sector to make substantial progress in the preparation of an effective code of conduct, bearing in mind the need not to preclude emergency financing in times of crisis, to promote fair burden-sharing and to minimize moral hazard, which will engage debtors and creditors to come together to restructure unsustainable debts in a timely and efficient manner; 16. Welcomes the efforts of, and further calls upon, the international community to support institutional capacity-building in developing countries and countries with economies in transition for the management of financial assets and liabilities and to enhance sustainable debt management as an integral part of national development strategies; 17. Invites the United Nations Conference on Trade and Development, the International Monetary Fund and the World Bank, in cooperation with the regional commissions, development banks and funds and other multilateral institutions, to continue to study the possibility of creating a consultative group on external debt management aimed at developing best practices, promoting coherence and strengthening the institutional capacity of developing countries in debt management, taking into account work that has already been done; 18. Calls upon all Member States as well as the United Nations system, and invites the Bretton Woods institutions as well as the private sector to take appropriate measures and actions for the implementation of the commitments, ]agreements and decisions of the major United Nations conferences and summits, in particular those relating to the question of the external debt problem of developing countries; 19. Requests the Secretary-General to submit to the General Assembly at its sixtieth session a report on the implementation of the present resolution and to include in that report a comprehensive and substantive analysis of the external debt and debt-servicing problems of developing countries; 20. Decides to include in the provisional agenda of its sixtieth session, under the item entitled “Macroeconomic policy questions”, the sub-item entitled “External debt crisis and development”. 75th plenary meeting 22 December 2004 4