A/RES/64/299 developing countries. We recognize that small island developing States continue to grapple with natural disasters, some of increased intensity, including as a result of the effects of climate change, impeding progress towards sustainable development. The way forward: an action agenda for achieving the Millennium Development Goals by 2015 36. We resolve to promote and strengthen national ownership and leadership of development as a key determinant of progress in achieving the Millennium Development Goals, with each country taking the primary responsibility for its own development. We encourage all countries to continue to design, implement and monitor development strategies tailored to their specific situations, including through broad consultations and participation of all relevant stakeholders, as appropriate for each national context. We call on the United Nations system and other development actors to support the design and implementation of these strategies, at the request of Member States. 37. We recognize that the increasing interdependence of national economies in a globalizing world and the emergence of rules-based regimes for international economic relations have meant that the space for national economic policy, that is, the scope for domestic policies, especially in the areas of trade, investment and international development, is now often framed by international disciplines, commitments and global market considerations. It is for each Government to evaluate the trade-off between the benefits of accepting international rules and commitments and the constraints posed by the loss of policy space. 38. We reaffirm the Monterrey Consensus3 and the Doha Declaration on Financing for Development5 in their entirety, and their integrity and holistic approach, and recognize that mobilizing financial resources for development and the effective use of all those resources are central to the global partnership for development, including in support of the achievement of the internationally agreed development goals, including the Millennium Development Goals. 39. We call for the expeditious delivery of commitments already made by developed countries in the context of the Monterrey Consensus3 and the Doha Declaration on Financing for Development.5 Short-term liquidity, long-term development financing and grants, in accordance with these commitments, will be utilized to assist developing countries to adequately respond to their development priorities. In our common pursuit of growth, poverty eradication and sustainable development, a critical challenge is to ensure the necessary internal conditions for mobilizing domestic resources, both public and private, sustaining adequate levels of productive investment and increasing human capacity. Private international capital flows, particularly foreign direct investment, along with international financial stability, are vital complements to national and international development efforts. 40. We stress the need for further reform and modernization of the international financial institutions to better enable them to respond to and prevent financial and economic emergencies, effectively promote development and better serve the needs of Member States. We reaffirm the importance of enhancing the voice and representation of developing countries in the World Bank and the International Monetary Fund, and note the reforms undertaken by the World Bank and the progress made by the International Monetary Fund in that direction. 41. We call for increased efforts at all levels to enhance policy coherence for development. We affirm that achievement of the Millennium Development Goals 8