A/HRC/4/10 page 5 Introduction 1. The independent expert submits this annual analytical report to the Human Rights Council pursuant to the resolution 2000/82 of the Commission on Human Rights in which his mandate was established and he was requested to pay particular attention to (a) the effects of the foreign debt and the policies adopted to face them on the full enjoyment of all human rights, in particular, economic, social and cultural rights in developing countries; (b) measures taken by Governments, the private sector and international financial institutions to alleviate such effects in developing countries, especially the poorest and heavily indebted countries; and (c) new developments, actions and initiatives being taken by international financial institutions, other United Nations bodies and intergovernmental and non-governmental organizations with respect to structural adjustment policies and human rights. 2. In its resolutions 2004/18 and 2005/19, the Commission further requested the independent expert, in the discharge of his mandate, to draft general guidelines to be followed by States and by private and public, national and international financial institutions in the decision-making and execution of debt repayments and structural reform programmes, including those arising from foreign debt relief, to ensure that compliance with the commitments derived from foreign debt will not undermine the obligations for the realization of fundamental economic, social and cultural rights, as provided for in the international human rights instruments, and to present a final draft of general guidelines at the sixty-second session of the Commission. 3. In the same latest resolution 2005/19, the Commission requested the independent expert to seek the views and suggestions of States, international organizations, United Nations agencies, funds and programmes, regional economic commissions, international and regional financial institutions and non-governmental organizations on the draft general guidelines and his proposal of possible elements for consideration and urged them to respond to the expert’s requests. In addition, the resolution requested the independent expert to explore further the interlinkages with trade and other issues, including HIV/AIDS, when examining the impact of structural adjustment and foreign debt. 4. As part of his mandate the independent expert undertook annual consultations with the World Bank and the International Monetary Fund (IMF). The latest meeting took place on 12 and 13 October 2006 in Washington. On those occasions, the independent expert had the opportunity to exchange views with interlocutors from various departments of both institutions. Discussions focused on (a) further incorporation of human rights concepts in the work of the institutions; (b) the implementation progress as well as the poverty reduction and human rights impacts of recent debt relief initiatives; and (c) possible elements of guidelines for human rights compatible with the design and implementation of economic reform and debt related operations. The independent expert wishes to thank both institutions for their cooperation and the open dialogue that characterized all meetings. 5. In compliance with resolution 2005/19 of the Commission on Human Rights the independent expert reported on 25 October 2006 to the Third Committee of the General Assembly at its sixty-first session. He was gratified by this opportunity that enabled