A/RES/66/288
implementation of development programmes. We recognize the importance and
different history and particularities of South-South cooperation, and stress that
South-South cooperation should be seen as an expression of solidarity and
cooperation between countries, based on their shared experiences and objectives.
Both forms of cooperation support a development agenda that addresses the
particular needs and expectations of developing countries. We also recognize that
South-South cooperation complements rather than substitutes for North-South
cooperation. We acknowledge the role played by middle-income developing
countries as providers and recipients of development cooperation.
261. We invite the international financial institutions, within their respective
mandates, to continue providing financial resources, including through specific
mechanisms for the promotion of sustainable development and poverty eradication
in developing countries.
262. We recognize that greater coherence and coordination among the various
funding mechanisms and initiatives related to sustainable development are crucial.
We reiterate the importance of ensuring that developing countries have steady and
predictable access to adequate financing from all sources to promote sustainable
development.
263. We recognize that ongoing serious global financial and economic challenges
carry the possibility of undoing years of hard work and gains made in relation to the
debt of developing countries. We further recognize the need to assist developing
countries in ensuring long-term debt sustainability through coordinated policies
aimed at fostering debt financing, debt relief and debt restructuring, as appropriate.
264. We stress the need for adequate funding for the operational activities of the
United Nations development system, as well as the need to make funding more
predictable, effective and efficient as part of wider efforts to mobilize new,
additional and predictable resources to achieve the objectives that we have set forth
in the present outcome document.
265. We recognize the important achievements of the Global Environment Facility
over the past twenty years in funding environmental projects and welcome
important reform processes that the Facility has carried out during recent years, and
we call for its further improvement and encourage the Facility to take additional
steps, within its mandate, to make resources more accessible to meet country needs
for the national implementation of their international environmental commitments.
We support further simplification of procedures and assistance to developing
countries, in particular in assisting the least developed countries, Africa and small
island developing States in accessing resources from the Facility, and enhanced
coordination with other instruments and programmes focusing on environmentally
sustainable development.
266. We stress that fighting corruption and illicit financial flows at both the national
and international levels is a priority and that corruption is a serious barrier to
effective resource mobilization and allocation, and diverts resources away from
activities that are vital for poverty eradication, the fight against hunger and
sustainable development. We are determined to take urgent and decisive steps to
continue to combat corruption in all its manifestations, which requires strong
institutions at all levels, and urge all States that have not yet done so to consider
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