solar, wind and hydro-electrical power, and bio-fuels such as ethanol and bio-diesel without adversely affecting food security. More efforts should be made to develop clean energy technologies that are affordable and environment-friendly, ensuring that these technologies be adequately transferred to developing countries. It is important to take an integrated approach to international energy cooperation and international development cooperation to ensure access to energy by developing countries in an equitable and sustainable manner.

On Millennium Development Goals and Monterrey Consensus, the leaders stress that it was stated in the Monterrey Consensus that the international community agreed to work in a coordinated manner to support global development by mobilizing domestic resources, attracting international resource flows, developing innovative financial mechanisms, expanding international trade, increasing international financial and technical cooperation, achieving sustainable debt financing and debt relief, and enhancing the coherence and consistency of the international monetary, financial and trading systems.

The leaders emphasize that the world has reached, with uneven success, the mid-point in the process to achieve the Millennium Development Goals, particularly in the least developed countries in Africa and other regions, the international community should join efforts to preserve financial stability and resume the path of vigorous and sustainable economic growth as necessary conditions to attaining these goals. The five countries urge developed countries to renew their resolve to support these processes in the global interest, particularly regarding trade openness, the fulfillment of their commitments to allocate at least 0.7 percent of their GNP to ODA, and the reform to global governance.

On South-South cooperation, the leaders reaffirm the role of South-South cooperation in the context of multilateralism, and the need to strengthen it as an important platform for developing countries to jointly respond to development challenges. They reiterate that South-South cooperation enjoys important comparative advantages and complements rather than replaces North-South cooperation. In this context, the five countries call upon governments, international organizations and all relevant actors, to support South-South cooperation by fully tapping the synergies of triangular cooperation.

On the role of the G5, the leaders reaffirm that, in fulfilling the shared responsibility as major developing countries, the five countries are determined to continue engaging in all efforts leading to achieve the improved global economic governance and other major global changes required to ensure that globalization works for the benefit of all.

(Source: www.fmprc.gov.cn)