Underscores its firm commitment to the full and effective implementation of the Monterrey Consensus; stresses the need for structural reforms to strengthen corporate governance, accounting and auditing; stresses also the importance of strong domestic institutions that promote business activities and financial stability; stresses, in the consideration of any new debt resolution mechanism, the importance of a broad discussion in the appropriate forums; stresses also the importance of creating an enabling international economic environment through strong cooperative efforts by all countries and institutions to promote equitable economic development in a world economy that benefits all people; requests the Secretary-General to prepare a comprehensive report on the implementation of and follow-up to commitments and agreements made at the Conference, focusing on progress achieved in all areas covered by the Monterrey Consensus; decides that the preparatory work and reports of the special high-level meeting of the Economic and Social Council with the Bretton Woods institutions and the WTO, as well as the preparatory process of the General Assembly high-level dialogue, should serve as inputs in the preparation of the comprehensive report, which would be submitted on an annual basis to the General Assembly; stresses the importance of making progress on all fronts and enhancing the coherence and synergies of all development efforts, and, in the spirit of the strategic partnership launched at Monterrey.

Adopted without vote, 78th plenary meeting

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