A/RES/57/241
this regard underlines the need to ensure that the international financial institutions,
including the International Monetary Fund, have a suitable array of financial
facilities and resources to respond in a timely and appropriate way in accordance
with their policies;
15. Stresses, in the consideration of any new debt resolution mechanism, the
importance of a broad discussion in the appropriate forums, with the participation of
all interested actors, welcomes the steps taken by the international financial
institutions to take into account social aspects and the borrowing costs for
developing countries, encourages them to continue their efforts in that regard, and
reiterates that the adoption of such a mechanism should not preclude emergency
financing in times of crisis;
16. Encourages the exploration of ways of generating new public and private
innovative sources of finance for development purposes, provided that those sources
do not unduly burden developing countries, and takes note of the proposal of using
special drawing rights allocations for development purposes, set forth in
paragraph 44 of the Monterrey Consensus;
17. Requests the Secretary-General to report to the General Assembly at its
fifty-eighth session on the implementation of the present resolution;
18. Decides to include in the provisional agenda of its fifty-eighth session,
under the item entitled “Macroeconomic policy questions”, the sub-item entitled
“International financial system and development”.
78th plenary meeting
20 December 2002
4
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