A/HRC/20/23 national public or private institutions to which they belong or in which they have an interest, the negotiation and implementation of loan agreements or other debt instruments, the utilization of loan funds, debt repayments, the renegotiation and restructuring of external debt, and the provision of debt relief when appropriate, do not derogate from these obligations. 7. All States should pursue effective policies and measures aimed at creating the conditions for ensuring the full realization of all human rights, bearing in mind the indivisibility, interdependence and interrelatedness of all human rights and taking into account the potentially negative impact on the enjoyment of human rights of external debt servicing and the adoption of related economic reform policies. 8. Any foreign debt strategy must be designed not to hamper the improvement of conditions guaranteeing the enjoyment of human rights and must be directed, inter alia, to ensuring that debtor States achieve an adequate level of growth to meet their social and economic needs and their development requirements, as well as fulfilment of their human rights obligations. 9. International financial organizations and private corporations have an obligation to respect international human rights. 5 This implies a duty to refrain from formulating, adopting, funding and implementing policies and programmes which directly or indirectly contravene the enjoyment of human rights. Equality and non-discrimination 10. States have an obligation to ensure all human rights to all without distinction of any kind, such as race, colour, sex, language, religion, political or other opinion, national or social origin, property, birth or other status, as stipulated in the Universal Declaration of Human Rights. 11. States must design and implement policies and programmes to further the delivery of basic services essential for the enjoyment of all human rights, particularly economic, social and cultural rights, in a manner that is consistent with the principle of equality and non-discrimination. 12. States should analyse policies and programmes, including those relating to external debt, macroeconomic stability, structural reform and investment, with respect to their impact on poverty and inequality, social development and the enjoyment of human rights, as well as their gender implications, and adjust them as appropriate, to promote a more equitable and non-discriminatory distribution of the benefits of growth and services. 13. Such impact analyses should pay special attention to certain groups in society which may be particularly vulnerable to policies and programmes relating to external debt, macroeconomic stability, structural reform, trade liberalization and investment, including children, women, persons with disabilities, older persons, persons belonging to minorities and migrant workers and members of their families. 14. States should pay particular attention to the gender impact of reductions in public services, social security benefits, childcare facilities and public employment and to women’s share of increased unemployment and they should take measures to prevent greater impoverishment of women. 5 12 See Human Rights Council, Report of the Special Representative of the Secretary-General on the issue of human rights and transnational corporations and other business enterprises, John Ruggie, annex: Guiding Principles on Business and Human Rights: Implementing the United Nations “Protect, Respect and Remedy” Framework (A/HRC/17/31).