A/RES/59/314
(c) To make the fight against corruption a priority at all levels and we
welcome all actions taken in this regard at the national and international levels,
including the adoption of policies that emphasize accountability, transparent public
sector management and corporate responsibility and accountability, including efforts
to return assets transferred through corruption, consistent with the United Nations
Convention against Corruption. 5 We urge all States that have not done so to consider
signing, ratifying and implementing the Convention;
(d) To channel private capabilities and resources into stimulating the private
sector in developing countries through actions in the public, public/private and
private spheres to create an enabling environment for partnership and innovation
that contributes to accelerated economic development and hunger and poverty
eradication;
(e) To support efforts to reduce capital flight and measures to curb the illicit
transfer of funds.
Investment
25. We resolve to encourage greater direct investment, including foreign
investment, in developing countries and countries with economies in transition to
support their development activities and to enhance the benefits they can derive
from such investments. In this regard:
(a) We continue to support efforts by developing countries and countries
with economies in transition to create a domestic environment conducive to
attracting investments through, inter alia, achieving a transparent, stable and
predictable investment climate with proper contract enforcement and respect for
property rights and the rule of law and pursuing appropriate policy and regulatory
frameworks that encourage business formation;
(b) We will put into place policies to ensure adequate investment in a
sustainable manner in health, clean water and sanitation, housing and education and
in the provision of public goods and social safety nets to protect vulnerable and
disadvantaged sectors of society;
(c) We invite national Governments seeking to develop infrastructure
projects and generate foreign direct investment to pursue strategies with the
involvement of both the public and private sectors and, where appropriate,
international donors;
(d) We call upon international financial and banking institutions to consider
enhancing the transparency of risk rating mechanisms. Sovereign risk assessments,
made by the private sector should maximize the use of strict, objective and
transparent parameters, which can be facilitated by high-quality data and analysis;
(e) We underscore the need to sustain sufficient and stable private financial
flows to developing countries and countries with economies in transition. It is
important to promote measures in source and destination countries to improve
transparency and the information about financial flows to developing countries,
particularly countries in Africa, the least developed countries, small island
developing States and landlocked developing countries. Measures that mitigate the
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5
Resolution 58/4, annex.
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