A/RES/59/246 8. Also invites Member States to consider developing and promoting regulatory guidance and standards to ensure effectiveness in management, financial reporting, internal auditing, domestic supervision and accountability among microfinance institutions; Decides to devote one plenary meeting at its sixty-first session to the 9. consideration of the outcome of and follow-up to the International Year of Microcredit, with a view to broadening and deepening the discussion about microcredit and microfinance; 10. Requests the Secretary-General to prepare a report on the observance of the International Year of Microcredit, 2005, and on the implementation of the present resolution, and to submit it to the General Assembly at its sixty-first session under the item entitled “Implementation of the first United Nations Decade for the Eradication of Poverty (1997–2006)”. 75th plenary meeting 22 December 2004 3