A/RES/64/299 (f) The fulfilment of all official development assistance commitments is crucial, including the commitments by many developed countries to achieve the target of 0.7 per cent of gross national product for official development assistance to developing countries by 2015 and to reach the level of at least 0.5 per cent of gross national product for official development assistance by 2010, as well as a target of 0.15 to 0.20 per cent of gross national product for official development assistance to least developed countries. To reach their agreed timetables, donor countries should take all necessary and appropriate measures to raise the rate of aid disbursements to meet their existing commitments. We urge those developed countries that have not yet done so to make additional concrete efforts towards the target of 0.7 per cent of gross national product for official development assistance to developing countries, including the specific target of 0.15 to 0.20 per cent of gross national product for official development assistance to least developed countries in line with the Brussels Programme of Action for the Least Developed Countries for the Decade 20012010,8 in accordance with their commitments. To build on progress achieved in ensuring that official development assistance is used effectively, we stress the importance of democratic governance, improved transparency and accountability, and managing for results. We strongly encourage all donors to establish, as soon as possible, rolling indicative timetables that illustrate how they aim to reach their goals, in accordance with their respective budget allocation process. We stress the importance of mobilizing greater domestic support in developed countries towards the fulfilment of their commitments, including by raising public awareness, and by providing data on aid effectiveness and demonstrating tangible results; (g) Making rapid progress to fulfil the Gleneagles and other donors’ substantial commitments to increase aid through a variety of means. We are concerned that at the current rate the commitment of doubling aid to Africa by 2010 will not be reached; (h) Exploring new innovative finance mechanisms and strengthening and scaling up existing ones, where appropriate, given their potential to contribute to the achievement of the Millennium Development Goals. Such voluntary mechanisms should be effective and should aim to mobilize resources that are stable and predictable, they should supplement and not be a substitute for traditional sources of finance and should be disbursed in accordance with the priorities of developing countries and not unduly burden them. We note the ongoing work in this regard, including by the Leading Group on Innovative Financing for Development as well as by the Task Force on International Financial Transactions for Development and the Task Force on Innovative Financing for Education; (i) Enhancing and strengthening domestic resource mobilization and fiscal space, including, where appropriate, through modernized tax systems, more efficient tax collection, broadening the tax base and effectively combating tax evasion and capital flight. While each country is responsible for its tax system, it is important to support national efforts in these areas by strengthening technical assistance and enhancing international cooperation and participation in addressing international tax matters. We look forward to the upcoming report by the Secretary-General examining the strengthening of institutional arrangements to promote international cooperation in tax matters; (j) Implementing measures to curtail illicit financial flows at all levels, enhancing disclosure practices and promoting transparency in financial information. In this regard, strengthening national and multinational efforts to address this issue is crucial, including support to developing countries and technical assistance to enhance their capacities. Additional measures should be implemented to prevent the 27

Select target paragraph3