A/HRC/4/8 page 7 international cooperation as an approach to globalization is enacted in the Monterrey Consensus which emphasizes the need for international cooperation and joint action in line with the spirit of solidarity, in facing global economic challenges. Practical examples 22. The independent expert proposes that Member States give consideration to: (a) Endorsement of regional initiatives, particularly in the least developed countries, for monitoring the realization of human rights, especially the right to development; (b) Granting free access to the markets of developed countries for goods produced in poor countries and, as a first step, be prepared to adopt a policy of duty and quota-free access for all exports from the least developed countries; (c) Implementation of the expansion of the debt relief programme for heavily indebted poor countries without further delay, and agreement to cancel all official bilateral debts of those countries, in return for their making demonstrable commitments to poverty reduction; (d) Provision of more generous development assistance, especially to countries that are genuinely making an effort to apply their resources to poverty reduction; (e) More accessible and predictable official development assistance. Many donors are set to meet the target of dedicating 0.7 per cent of gross national income to official development assistance by the year 2015. Table Official Development Assistance in 2005 (from United Nations Millennium Project) Country Australia* Austria Belgium Canada* Denmark Finland France Germany Greece Ireland Italy Aid as % of GNI 0.25 0.52 0.53 0.34 0.81 0.47 0.47 0.35 0.24 0.41 0.29 Country Japan* Luxembourg Netherlands New Zealand Norway Portugal Spain Sweden Switzerland* United Kingdom United States* * Indicates countries that have not set a timetable for 0.7 per cent. Aid as % of GNI 0.28 0.87 0.82 0.27 0.93 0.21 0.29 0.92 0.44 0.48 0.22