#aaaa107 - Instruments for financial risk management and capacity-building
Resource Books » Global Resources - #isic9900 #ww88U » Addis Ababa Action Agenda - #a4a2030 - #pi9 » #a4i2f - II.F. Addressing systemic issues » #aaaa107 - Instruments for financial risk management and capacity-building
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At the same time, we recognize the importance of strengthening the permanent international financial safety net. We remain committed to maintaining a strong and quota-based IMF, with adequate resources to fulfil its systemic responsibilities. We look forward to the quinquennial special drawing rights review by IMF this year. We encourage dialogue among regional financial arrangements and strengthened cooperation between IMF and regional financial arrangements, while safeguarding the independence of the respective institutions. We call upon the relevant international financial institutions to further improve early warning of macroeconomic and financial risks. We also urge IMF to continue its efforts to provide more comprehensive and flexible financial responses to the needs of developing countries. We request the international financial institutions to continue to support developing countries in developing new instruments for financial risk management and capacity-building. Consistent with its mandate, we call upon IMF to provide adequate levels of financial support to developing countries pursuing sustainable development to assist them in managing any associated pressures on the national balance of payments. We stress the importance of ensuring that international agreements, rules and standards are consistent with each other and with progress towards the sustainable development goals. We encourage development finance institutions to align their business practices with the post 2015 development agenda.


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