Implementation of the outcome of the World Summit for Social Development and of the twenty-fourth special session of the General Assembly A/RES/73/141 within countries are increasingly becoming part of national and international cooperation for social development, also reaffirms that, within countries, partnerships among the Government, civil society and the private sector can contribute effectively to the achievement of social development goals, and acknowledges the role of the public and private sectors as employers and enablers for the effective generation of new investments, full and productive employment and decent work for all, including through partnerships with the United Nations system, civil society and academia; 16. Stresses the importance of the policy space and leadership of national Governments for implementing policies for poverty eradication and sustainable development, while remaining consistent with relevant international rules and commitments, in particular in the areas of human rights, social expenditure and social protection programmes, and calls upon international financial institutions and donors to support developing countries in achieving their social development, in line with their national priorities and strategies, by, among other things, providing debt relief within the context of the implementation of the 2030 Agenda for Sustainable Development; 17. Underlines the responsibility of the private sector, at both the national and the international levels, including small and large companies and transnational corporations, regarding not only the economic and financial implications but also the development, social, gender and environmental implications of their activities, their obligations towards their workers and their contributions to achieving sustainable development, including social development, emphasizes that transnational corporations and other business enterprises have a responsibility to respect human rights, applicable laws and international principles and standards, to operate transparently, in a socially and environmentally responsible manner, and to refrain from affecting the well-being of peoples, and also emphasizes the need to take further concrete actions on corporate responsibility and accountability, including through the participation of all relevant stakeholders, inter alia, for the prevention or prosecution of corruption, and to prevent human rights abuses; 18. Stresses the importance of stability in global financial systems and sound national economic policies to creating an enabling international environment to promote economic growth and social development and further stresses the importance of promoting corporate social responsibility and accountability, and encourages responsible business practices, such as those promoted by the Global Compact and the Guiding Principles on Business and Human Rights: Implementing the United Nations “Protect, Respect and Remedy” Framework, 20 invites the private sector to take into account not only the economic and financial implications but also the development, social, human rights, gender and environmental implications of its undertakings, and underlines the importance of the International Labour Organization Tripartite Declaration of Principles concerning Multinational Enterprises and Social Policy; International cooperation 19. Reaffirms that international cooperation has an essential role in assisting developing countries, including the least developed countries, in strengthening their human, institutional and technological capacity; 20. Underlines that South-South cooperation is an important element of international cooperation for development as a complement to, not a substitute for, North-South cooperation, recognizes its increased importance, different history and particularities, and stresses that it should be seen as an expression of solidarity among __________________ 20 12/15 A/HRC/17/31, annex. 18-22176

Select target paragraph3