A/HRC/7/9 page 13 45. With regard to the review of the mandate on the effects of economic reform policies and foreign debt on the full enjoyment of human rights, it is the considered opinion and recommendation of the independent expert that it is necessary to both redefine and rename the mandate with a view to achieving a more specific focus on economic management. The renewed and reformulated mandate would henceforth examine the impact of public finance management on the achievement of fundamental human rights. In essence, the thematic areas of foreign debt and international financial assistance should be repositioned as a part of more comprehensive public financial management. The central issue to be tackled would, therefore, be how to secure a sufficient fiscal space to respect human rights standards while receiving financial assistance with non-disabling repayment obligations. 46. The new mandate-holder charged with assisting the Council in examining the question of human rights and public finance could be invited to further review, revise and develop the draft general guidelines. Future work on the general guidelines could also include the development of analytical tools and operational guidance facilitating their implementation. Such tools would include human rights impact assessment, formulation of minimum standards and identification of core content, human rights-based budgeting and measures to strengthen the accountability of international financial institutions with regard to their international human rights obligations. Quantification of human rights obligations will remain a key problem in the link between public finance, including debt service, and human rights. Costing exercises would be an essential part of such analyses and advice on additional required fiscal space, debt relief, development aid or domestic revenues might be required. 47. Many of the issues regarding this mandate are also relevant to the right to development. Working relationships between the mandate-holder and the Working Group on the Right to Development and its high-level task force should be strengthened. The independent expert should take into account their work in order to ensure complementarity of their action. Moreover, the mandate should gain more support from the various stakeholders, notably States, international financial institutions, other United Nations bodies and non-governmental organizations. -----