upon the aid relationship had a powerful impact. In post-conflict countries or fragile States, for example, it was fundamental that donors and recipient governments work together to develop a sensitive approach to that matter. Portugal was very attentive to the issue of domestic resource mobilization and would continue to work with partner countries in that regard.

He said that the mobilization of international resources for the development of FDI and other private flows directly challenged donor countries to play their part. Portugal was currently outlining a new development cooperation strategy, in order to improve efficiency, effectiveness, coherence, sustainability, and expenditure planning of national aid policy on a long-term basis. The Millennium Development Goals formed a central source of inspiration for that new strategy, which would usher in the creationof promoting better international burden-sharing for that global concern. Portugal would increase its participation in international efforts towards global development. It viewed the Millennium Development Goals as a dynamic and multidimensional process, which required a serious and responsible response by all countries. Of utmost importance was the participation of the developing countries in the international decision-making process, as was ownership, accountability and good governance.

GIUSEPPE DRAGO, Vice-Minister for Foreign Affairs of Italy, said ODA should represent only one part of a broader strategy that provided for actions to grow the domestic financial market, attract foreign capital, solve the problem of foreign debt, and review the rules and procedures of international trade and finance. Italy was committed to achieving the 0.7 per cent ODA target by 2015. The achievement of