External debt sustainability and development
A/RES/73/221
monitor the uptake of the clauses and explore options for resolving the issue w ith the
outstanding stock of debt without such clauses;
27. Recalls that the United Nations, as a universal intergovernmental body,
has provided a platform for both creditors and debtors to discuss ways to improve
external debt sustainability, requests the annual Economic and Social Council forum
on financing for development follow-up to organize a substantive expert debate
among the major institutional stakeholders on how to improve debt sustainability and
debt restructuring, and in this regard invites co ntinued ongoing cooperation among
the international financial institutions, including the Bretton Woods institutions, in
particular the International Monetary Fund, relevant United Nations system entities,
including the United Nations Conference on Trade and Development, and other
relevant forums, in accordance with their respective mandates, pursuant to the
relevant resolutions on this matter;
28. Also recalls the establishment of the Intergovernmental Group of Experts
on Financing for Development of the United Nations Conference on Trade and
Development, notes its meeting held in Geneva in November 2018, at which the issue
of debt sustainability was an item for deliberation, and recalls the request that the
work of the Intergovernmental Group of Experts be presented as a regular input to the
forum on financing for development follow-up;
29. Reiterates the invitation to the President of the General Assembly and the
Secretary-General to give appropriate consideration to the central role of maintaining
and facilitating the financial and macroeconomic stability of developing countries,
including debt sustainability, and of supporting an appropriately enabling domestic
and international economic, financial and regulatory environment for the means of
implementation of the 2030 Agenda for Sustainable Development, and in this regard
invites all major institutional stakeholders, including the International Monetary
Fund, the World Bank and the United Nations Conference on Trade and Development,
to support these efforts, in accordance with their respective mandates;
30. Invites donor countries, taking into account country-specific debt
sustainability analyses, to continue their provision of concessional and grant -based
financing to developing countries, which could contribute to debt sustainability in the
medium to long term, and notes the provision by the International Monetary Fund of
interest relief to eligible developing countries in the form of zero -interest loans;
31. Invites the international community to continue efforts to increase support,
including financial and technical assistance, for institutional capacity-building in
developing countries to enhance sustainable upstream and downstream debt
management as an integral part of national development strategies, including by
promoting transparent and accountable debt management systems and negotiation and
renegotiation capacities and through supporting legal advice in relation to tackling
external debt litigation and debt data reconciliation between credito rs and debtors so
that debt sustainability may be achieved and maintained;
32. Requests the United Nations Conference on Trade and Development, and
invites the International Monetary Fund and the World Bank, in cooperation with the
regional commissions, regional development banks and other relevant multilateral
financial institutions and stakeholders, to continue and intensify cooperation in
respect of activities relating to capacity-building and to early warning monitoring
systems in developing countries in the area of debt management and debt
sustainability, with a view to contributing to the implementation of the 2030 Agenda
for Sustainable Development;
33. Calls upon all Member States and the United Nations system to take
appropriate measures and actions for the implementation of the commitments,
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