A/HRC/17/2
frameworks, institutional arrangements and mechanisms for consultation being established
to ensure the effective participation of all components of society, including people’s
legislative bodies and human rights institutions, and particularly of the most vulnerable or
disadvantaged, in the design, application and evaluation of strategies, policies and
programmes, as well as in the follow-up to and systematic national supervision of their
implementation, and for macroeconomic and financial policy issues to be integrated, on an
equal footing and in a consistent way, in the realization of broader social development
goals, taking into account the national context and the priorities and needs of the debtor
countries to allocate resources in a way that ensures balanced development conducive to the
overall realization of human rights;
19.
Also stresses that the economic reform programmes arising from foreign debt
should maximize the policy space of developing countries in pursuing their national
development efforts, taking into account the views of relevant stakeholders in a way that
ensures balanced development conducive to the overall realization of all human rights;
20.
Further stresses that the economic programmes arising from foreign debt
relief and cancellation must not reproduce past structural adjustment policies that have not
worked, such as dogmatic demands for privatization and reduced public services;
21.
Calls upon States, the International Monetary Fund and the World Bank to
continue to cooperate closely to ensure that additional resources made available through the
Heavily Indebted Poor Countries Initiative, the Global Fund to Fight AIDS, Tuberculosis
and Malaria and other new initiatives are absorbed in the recipient countries without
affecting ongoing programmes;
22.
Calls upon creditors, particularly international financial institutions, and
debtors alike to consider the preparation of human rights impact assessments with regard to
development projects, loan agreements or Poverty Reduction Strategy Papers;
23.
Reaffirms the fact that the exercise of the basic rights of the people of debtor
countries to food, housing, clothing, employment, education, health services and a healthy
environment cannot be subordinated to the implementation of structural adjustment
policies, growth programmes and economic reforms arising from the debt;
24.
Urges States, international financial institutions and the private sector to take
urgent measures to alleviate the debt problem of those developing countries particularly
affected by HIV/AIDS, so that more financial resources can be released and used for health
care, research and treatment of the population in the affected countries;
25.
Reiterates its view that, in order to find a durable solution to the debt
problem and for the consideration of any new debt resolution mechanism, there is a need
for a broad political dialogue between creditor and debtor countries and the multilateral
financial institutions, within the United Nations system, based on the principle of shared
interests and responsibilities;
26.
Reiterates its request to the United Nations High Commissioner for Human
Rights to pay more attention to the problem of the debt burden of developing countries, in
particular of least developed countries, and especially the social impact of the measures
arising from foreign debt;
27.
Requests the independent expert to continue to explore the interlinkages with
trade and other issues, including HIV/AIDS, when examining the impact of structural
adjustment and foreign debt, and also to contribute, as appropriate, to the process entrusted
with the follow-up to the International Conference on Financing for Development, with a
view to bringing to its attention the issue of the effects of structural adjustment and foreign
debt on the enjoyment of human rights, particularly economic, social and cultural rights;
GE.12-13630
23
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