CRC/C/BOL/CO/4 page 5 16. The Committee strongly recommends that the State party: (a) Allocate adequate resources for children at both national, departmental and municipal levels in accordance with article 4 of the Convention, and ensure transparent and participatory budgeting through public dialogue and participation, especially that of children; (b) Utilize a child right’s approach in the elaboration of the State budget by implementing a tracking system for the allocation and the use of resources for children throughout the budget, thus providing visibility to the investment on children. The Committee also urges that this tracking system be used for impact assessments on how investments in any sector may serve “the best interests of the child”, ensuring that the differential impact of such investment on girls and boys is measured; (c) Establish clear resource allocations for the departments of the State party that progressively address the disparities reflected in the indicators related to children’s rights implementation, and ensure proper accountability by local authorities in an open and transparent way; (d) Define strategic budgetary lines for those situations that may require affirmative social measures (such as birth registration, chronic malnutrition, indigenous children education, violence against children) and make sure that those budgetary lines are protected even in situations of economic crisis, natural disasters or other emergencies; (e) When possible, follow United Nations recommendations to start budgetingby-result to monitor and assess the effectiveness of resource allocation and, if necessary, seek international cooperation to this effect from UNICEF, UNDP and other stakeholders as is being provided to other State parties in the region; and (f) Take into account the Committee’s recommendations following its 2007 Day of General Discussion on “Resources for the Rights of the Child Responsibility of States.” Child rights and the business sector 17. The Committee is concerned that as the State party improves its ability to attract private foreign and domestic investment, in addition to increasing State investment, among others, in the mining, forest and soya sectors, the regulatory environment on social and environmental responsibility of business is not yet in place to prevent possible negative impact on children. 18. The Committee suggests that the State party undertake efforts to ensure that foreign and domestic investment through private and State business is mindful and responsive to child rights and operates in a socially and environmentally responsible way to safeguard local communities and their children.