A/RES/51/166 Page 3 12. Recognizes, in this context, that the regular lending programmes of the multilateral institutions, recent initiatives aiming at enhancing the confidence of the financial markets, and the operational activities of the United Nations system, inter alia, in promoting capacity-building for sound financial management, contribute to assisting recipient countries, particularly developing countries, in such adjustment and stabilization efforts as are conducive to their development process; 13. Welcomes Economic and Social Council resolution 1996/43 on strengthening collaboration between the United Nations development system and the Bretton Woods institutions, and calls for its full implementation; 14. Notes that cooperation between the United Nations and the Bretton Woods institutions continues to be strengthened at the level of operational activities for development; 15. Considers that the strengthening of collaboration between the United Nations and the Bretton Woods institutions requires an integrated approach, encompassing a closer policy dialogue at the intergovernmental level on relevant areas of international development policy issues, taking into account their respective competences; 16. Stresses the need for encouragement of private flows to all countries, in particular to developing countries, while reducing the risks of volatility; 17. Emphasizes the need to explore ways to broaden appropriate enhanced cooperation and, where appropriate, coordination of macroeconomic policy among interested countries, monetary and financial authorities and institutions, so as to enhance preventive consultation arrangements between such institutions as a means of promoting a stable international financial environment conducive to economic growth, particularly of developing countries, taking into account the needs of developing countries as well as situations that may have a significant impact upon the international financial system; 18. Reiterates the need for broadening and strengthening the participation of developing countries in the international economic decisionmaking process; 19. Welcomes the steps taken by the International Monetary Fund, and recognizes the need for a stronger and central role for the Fund in surveillance of all countries, in a symmetrical manner; 20. Reaffirms the objective of promoting greater transparency and openness, including increasing participation of developing countries in the work of the International Monetary Fund, this objective also involving, among other elements, the regular and timely provision of economic and financial data by all Fund members; 21. Welcomes the decision of the Economic and Social Council that the theme of its high-level segment in 1997 will be: "Fostering an enabling environment for development - financial flows, including capital flows; investment; trade"; /...