A/RES/64/299 in development in many countries, including through public-private partnerships and by generating employment and investment, developing new technologies and enabling sustained, inclusive and equitable economic growth. We call upon the private sector to further contribute to poverty eradication, including by adapting its business models to the needs and possibilities of the poor. Foreign direct investment and trade, as well as public-private partnerships, are important for the scaling-up of initiatives. In this connection we note the work of the United Nations Global Compact, in which companies have committed to corporate social responsibility and action in support of the Millennium Development Goals. 57. We stress the importance of strengthening regional and subregional cooperation for accelerating national development strategy implementation, including through regional and subregional development banks and initiatives. We also emphasize the importance of strengthening regional and subregional institutions to provide effective support to regional and national development strategies. 58. We reaffirm that the United Nations funds, programmes and regional commissions, and the specialized agencies, in accordance with their respective mandates, have an important role to play in advancing development and in protecting development gains, in accordance with national strategies and priorities, including progress towards achieving the Millennium Development Goals. We will continue to take steps for a strong, well-coordinated, coherent and effective United Nations system in support of the Millennium Development Goals. We emphasize the principle of national ownership and leadership, support the initiative of some countries to use, on a voluntary basis, common country programme documents, and emphasize our support for all countries that wish to continue using the existing frameworks and processes for country-level programming. 59. We stress the need for adequate quantity and quality of funding for the operational activities of the United Nations development system as well as the need to make funding more predictable, effective and efficient. We also reaffirm, in this context, the importance of accountability, transparency and improved results-based management and further harmonized results-based reporting on the work of the United Nations funds and programmes and the specialized agencies. 60. We resolve to enhance efforts to mobilize adequate and predictable financial and high-quality technical support, as well as to promote the development and dissemination of appropriate, affordable and sustainable technology and the transfer of such technologies on mutually agreed terms, which is crucial for the achievement of the Millennium Development Goals. 61. We consider that innovative financing mechanisms can make a positive contribution in assisting developing countries to mobilize additional resources for financing for development on a voluntary basis. Such financing should supplement and not be a substitute for traditional sources of financing. While recognizing the considerable progress in innovative sources of financing for development, we call for scaling-up of present initiatives, where appropriate. 62. We welcome the ongoing efforts to strengthen and support South-South cooperation and triangular cooperation. We stress that South-South cooperation is not a substitute for, but rather a complement to, North-South cooperation. We call for the effective implementation of the outcome document of the High-level United 11