A/RES/60/204 coordination and implementation of development goals and actions agreed upon by the international community, and resolves to strengthen coordination within the United Nations system in close cooperation with all other multilateral financial, trade and development institutions in order to support sustained economic growth, poverty eradication and sustainable development; Reaffirms also that good governance is essential for sustainable 3. development; that sound economic policies, solid democratic institutions responsive to the needs of the people and improved infrastructure are the basis for sustained economic growth, poverty eradication and employment creation; and that freedom, peace and security, domestic stability, respect for human rights, including the right to development, and the rule of law, gender equality, market-oriented policies and an overall commitment to just and democratic societies are also essential and mutually reinforcing; Reaffirms further that good governance at the international level is 4. fundamental for achieving sustainable development, that, in order to ensure a dynamic and enabling international economic environment, it is important to promote global economic governance through addressing the international finance, trade, technology and investment patterns that have an impact on the development prospects of developing countries, and that to this effect the international community should take all necessary and appropriate measures, including ensuring support for structural and macroeconomic reform, a comprehensive solution to the external debt problem and increasing the market access of developing countries; Reaffirms that each country has primary responsibility for its own 5. development, that the role of national policies and development strategies cannot be overemphasized in the achievement of sustainable development and that national efforts should be complemented by supportive global programmes, measures and policies aimed at expanding the development opportunities of developing countries, while taking into account national conditions and ensuring respect for national ownership, strategies and sovereignty; Recognizes, at the same time, that domestic economies are now 6. interwoven with the global economic system and that, inter alia, the effective use of trade and investment opportunities can help countries to fight poverty; Stresses that, in the increasingly globalizing interdependent world 7. economy, a holistic approach to the interconnected national, international and systemic challenges of financing for development, namely, sustainable, gendersensitive and people-centred development, is essential and that such an approach must open up opportunities for all and help to ensure that resources are created and used effectively and that solid and accountable institutions are established at all levels; Stresses also that development strategies have to be formulated with a 8. view to minimizing the negative social impact of globalization and maximizing its positive impact, while striving to ensure that all groups of the population, in particular the poorest, benefit from it, and that at the international level, efforts should focus on the means to achieve the internationally agreed development goals, including the Millennium Development Goals; Stresses further that, in the common pursuit of growth, poverty 9. eradication and sustainable development, a critical challenge is to ensure the necessary internal conditions for mobilizing domestic savings, both public and private, sustaining adequate levels of productive investment and increasing human 3