A/RES/59/225 Noting international efforts, contributions and discussions aimed at identifying possible innovative and additional sources of financing for development from all sources, public and private, domestic and external, within the context of the followup to the International Conference on Financing for Development, recognizing that some of the sources and their use fall within the realm of sovereign action, Welcoming in this regard the initiative launched by the Presidents of Brazil, Chile and France and the Prime Minister of Spain, with the support of the SecretaryGeneral, to convene in New York on 20 September 2004 the Summit of World Leaders on Action against Hunger and Poverty, Noting the report of the Commission on the Private Sector and Development entitled Unleashing Entrepreneurship: Making Business Work for the Poor, 4 Noting also the ongoing analysis by the World Bank and the International Monetary Fund, mentioned in the communiqué of the Development Committee of 2 October 2004, 5 of proposals on financing modalities to complement increased aid flows and commitments with innovative mechanisms, and their technical feasibility, Welcoming the support of Member States for the Financing for Development Office of the Secretariat for organizing multi-stakeholder consultations within its mandate, and in accordance with resolution 58/230, Recognizing the strong link between financing for development and the achievement of the internationally agreed development goals, including those contained in the United Nations Millennium Declaration, 6 1. Reiterates the call to implement fully and build further on the commitments made and agreements reached at the International Conference on Financing for Development; 7 2. Stresses the importance of the full involvement of all relevant stakeholders in the implementation of the Monterrey Consensus of the International Conference on Financing for Development 8 at all levels, and stresses also the importance of their full participation in the Monterrey follow-up process, in accordance with the rules of procedure of the United Nations, in particular the accreditation procedures and modalities of participation utilized at the Conference and in its preparatory process; 3. Underlines, in accordance with the Monterrey Consensus: (a) The importance of the implementation of the commitment to sound policies, good governance at all levels and the rule of law; (b) The importance of the implementation of the commitment to create an enabling environment for mobilizing domestic resources and the importance of sound economic policies, solid democratic institutions responsive to the needs of the _______________ 4 United Nations publication, Sales No. E.04.III.B.4. See IMF Survey, vol. 33, No. 18 (11 October 2004). Also available from www.imf.org/imfsurvey. 6 See resolution 55/2. 7 See Report of the International Conference on Financing for Development, Monterrey, Mexico, 18– 22 March 2002 (United Nations publication Sales No. E.02.II.A.7). 8 Ibid., chap. I, resolution 1, annex. 5 2