Implementation of the Second United Nations Decade for the Eradication of Poverty (2008–2017) A/RES/72/233 diversification and long-term nature of foreign direct investment to all developing countries; 35. Welcomes the progress on financial inclusion across all income groups and all regions in recent years, while being concerned that 2 billion people, primarily in rural areas in developing countries, still do not have access to formal financial services and remaining concerned about the gender gap in financial inclusion; 36. Notes that an important use of international public finance, including ODA, is to catalyse additional resource mobilization from other sources, public and private, and through appropriately designed risk-sharing instruments, including co-investments, public-private partnerships and guarantees, and also notes that it can support improved tax collection, help to strengthen domestic enabling environments and build essential public services and can also be used to unlock additional finance through blended or pooled financing and risk mitigation, notably for infrastructure and other investments that support private sector development; 37. Emphasizes that international public finance plays an important role in complementing the efforts of countries to mobilize public resources domestically, especially in the poorest and most vulnerable countries with limited domestic resources; 38. Stresses the importance of mobilizing greater domestic support towards the fulfilment of ODA commitments, including by raising public awareness, providing data on aid effectiveness and demonstrating tangible results, encourages partner countries to build on progress achieved in ensuring that ODA is used effectively to help to achieve development goals and targets, encourages the publication of forward-looking plans which increase the clarity, predictability and transparency of future development cooperation, in accordance with national budget allocation processes, and urges countries to track and report resource allocations for advancing gender equality and the empowerment of all women and girls; 39. Welcomes the increase of ODA in real terms in 2016, but expresses its concern that bilateral net ODA to the least developed countries fell slightly in real terms in 2016, after increases in 2015, and that many countries still fall short of their respective ODA commitments, reiterates that the fulfilment of all ODA commitments remains crucial and that, for many least developed countries and landlocked developing countries, ODA remains the largest source of external financing, commends those few countries that have met or surpassed their commitment to 0.7 per cent of gross national income for official development assistanc e (ODA/GNI) and the target of 0.15 to 0.20 per cent of ODA/GNI to the least developed countries, and urges all other countries to step up efforts to increase their ODA and to make additional concrete efforts towards the ODA targets, welcomes the decision b y the European Union reaffirming its collective commitment to achieve the target of 0.7 per cent of ODA/GNI within the time frame of the 2030 Agenda for Sustainable Development and undertaking to meet collectively the target of 0.15 to 0.2 0 per cent of ODA/GNI to the least developed countries in the short term and to reach 0.20 per cent of ODA/GNI to the least developed countries within the time frame of the 2030 Agenda, and encourages ODA providers to consider setting a target to provide at least 0.20 per cent of ODA/GNI to the least developed countries; 40. Also welcomes the increasing efforts to improve the quality of ODA and to increase its development impact, recognizes the Development Cooperation Forum of the Economic and Social Council, notes other initiatives, such as the high-level forums on aid effectiveness, which produced, inter alia, the Paris Declaration on Aid Effectiveness, the Accra Agenda for Action 25 and the Busan Partnership for Effective __________________ 25 12/15 A/63/539, annex. 17-23311

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