A/HRC/17/37 international financial institutions, regional economic commissions and non-governmental organizations to consider sponsoring these workshops. 104. The Independent Expert will present a progress report and a revised draft of the guidelines to the Human Rights Council in 2012. VIII. Conclusion 105. In the present report, the Independent Expert on the effects of foreign debt and other related international financial obligations of States on the full enjoyment of all human rights, particularly economic, social and cultural rights, has highlighted the main themes of the three regional multi-stakeholder consultations on the draft guidelines on foreign debt and human rights that were convened by OHCHR to assist the Independent Expert in his ongoing work on developing and elaborating the guidelines. The consultations have been immensely helpful in clarifying aspects of the guidelines, identifying some missing elements and generating ideas on possible elements for inclusion in the guidelines. 106. The Independent Expert is encouraged by the broad acceptance by all participants of the need to ensure that commitments derived from foreign debt and related obligations do not undermine the capacity of States to fulfil their human rights obligations. Nevertheless, some challenges remain. These include ensuring the full participation of all stakeholders, particularly States and international financial institutions. In addition, further discussion and elaboration is needed concerning some of the more complex conceptual and operational issues addressed during the consultations. 107. The Independent Expert looks forward to continuing the consultations and his dialogue with all stakeholders in order to elaborate the draft guidelines. He urges all States and other stakeholders to continue supporting the process of refining and developing the guidelines. 18