A/HRC/24/37 called for financial and technical assistance and capacity-building for developing countries. The United States of America noted its reservation to specific language regarding developing countries, stating that human rights were universal and belonged to those in developing and developed countries alike. The Islamic Republic of Iran, on behalf of the Non-Aligned Movement, referred to the Declaration on the Right to Development, which stated that sustained action was required to promote more rapid development of developing countries. 37. Commenting on the subcriterion on reducing risks of domestic financial crises, Centre Europe – Tiers Monde stated that in the globalized world, there was a hegemony of finance and a concentration of capital in certain entities such as banks and insurance companies, which had a real impact on people’s lives. Concerning the volatility of national commodity prices, Morocco stressed the need to fight against speculation in world markets, specifically when it led to price volatility of agricultural and food products. The United States of America cautioned that policy measures seeking to mitigate price volatility might distort the market, and suggested instead a focus on addressing the impact of price volatility with, for instance, social safety nets. In this context, UNCTAD stated that General Assembly resolution 66/188 of 22 December 2011 addressing excessive price volatility in food and related financial and commodity markets should be taken into account. It also noted that the General Assembly resolution in question commenced by recalling the Universal Declaration of Human Rights. 38. The Working Group also discussed a number of issues such as the transfer of technology, intellectual property rights, biofuels, the digital divide, natural resources, renewable energy, peace and security, and natural disasters in relation to the right to development. IV. Conclusions and recommendations 39. At the final meeting of its fourteenth session, on 17 May 2013, the Working Group on the Right to Development adopted, by consensus, its conclusions and recommendations, in accordance with its mandate established by Commission on Human Rights resolution 1998/72. A. Conclusions 40. The Working Group took note of documents A/HRC/WG.2/14/CRP.4 and 5 containing detailed views and comments submitted by Governments, groups of Governments, regional groups and other relevant stakeholders in fulfilment of the conclusions and recommendations agreed at its thirteenth session. 41. The Working Group expressed appreciation to all those who contributed with their submissions and inputs. 42. The Working Group welcomed the presentation made by the ChairpersonRapporteur of the Working Group and commended her for the able stewardship in guiding the deliberations of the Working Group. 43. The Working Group took note of the opening remarks delivered on behalf of the High Commissioner and the participation of the Office of the High Commissioner for Human Rights (OHCHR), which attested to her commitment and that of her Office to promoting and protecting the realization of the right to development and to enhancing support from relevant bodies of the United Nations system for that purpose, consistent with General Assembly resolution 48/141. 11

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