I bring to you, Mr. President, to Secretary-General Kofi Annan and to all representatives the greetings and best wishes of His Majesty King Birendra and of the Government and people of Nepal. Your election is testimony to the wide recognition of your great country's contribution to the cause of freedom of the peoples and to the work of the United Nations. Please accept our congratulations and pledge of support. Our appreciation goes also to your predecessor, Mr. Didier Opertti, for the wise manner in which he conducted the business of the fifty-third session of the General Assembly. The massive loss of life and property and the untold suffering caused by the recent earthquakes to the peoples of Turkey, Greece and Taiwan have touched the hearts of the Nepalese people. Indeed, our hearts go out to the hundreds of thousands of peoples across the globe who have suffered from both natural and man-made disasters. Nepal wholeheartedly welcomes Kiribati, Nauru and Tonga as new Members of the United Nations. Their admission has enriched the world Organization and enhanced its universality. Following the restoration of the multi-party political system in Nepal, I had the unique privilege of steering the country at a turning point of history as its Prime Minister, entrusted with the twin responsibilities of overseeing the formulation of a new democratic constitution of the Kingdom and the holding of free, fair and peaceful general elections at the beginning of the last decade of this century. With the people's trust and guidance, the cooperation of all political parties and the support of His Majesty the King, and above all with God's will, those responsibilities were fully discharged. The Constitution of the Kingdom of Nepal not only guarantees the fundamental human rights of the people but also the independence of the judiciary. It defines and protects the basic tenets of parliamentary democracy in Nepal, and it identifies the purposes and principles of the Charter of the United Nations as the fundamental plank of the foreign policy of the country. Standing today before this Assembly of nations, I wish to reaffirm Nepal's commitment to the principles and objectives of the United Nations and to share, in brief, our hopes, aspirations and views. Last year we observed the fiftieth anniversary of the Universal Declaration of Human Rights, a milestone in human history. The fiftieth anniversary of another historical milestone — the Geneva Conventions of 1949 — this year provides the international community with another opportunity to reiterate its deepening commitment to democracy, human rights and improved living conditions for peoples. At the national level, we regard the protection and promotion of human rights as a sine qua non for the all-round development of the people. Democracy and development, I believe, are two sides of the same coin, hard to guarantee and secure except in a 13 state of peace and stability under a system of participatory good governance. Nepal is a nation with a young democratic setup and an ever-deepening commitment to human rights and the all- round development of the people, who are beset with the numerous unique and onerous challenges characteristic of a small land-locked and least developed country with difficult Himalayan and mountainous terrains and the greatest of contemporary problems — poverty. At no point in history have we witnessed poverty eating up so systematically the spiritual richness of peoples in many countries, including Nepal — the land of the Buddha. Nepal's development efforts are driven by an overriding objective of poverty eradication through employment and income generation, social mobilization and the strengthening of social capital within a democratic values-based system. The country has almost unlimited potential for hydropower development and tourism, and we have created legislative conditions for the participation of foreign investors in these sectors as well as in other trade and services-generating sectors in Nepal. Our commitment to sustainable development has been translated into several measures aimed at the preservation of the environment and ecological balance, including the earmarking of a large part of our land area for the development of wildlife parks and nature reserves. I want at this stage to reiterate our commitment to the development of Lumbini — the birthplace of the Buddha — as an enduring peace monument, a holy shrine for pilgrimage and one of the world's greatest cultural heritages. I am disheartened that despite several world summits, conferences and international commitments, absolute poverty, hunger, disease, illiteracy and hopelessness should still remain the lot of the bulk of the world's population. One billion adults, the majority of them women, cannot read or write. Almost a billion people are underfed and malnourished, and a similar number have no access to clean water, shelter or health care. Many millions die before they reach the age of 40. Equally threatening is the ever-widening gap between the haves and the have-nots. The conclusion of this year's Human Development Report is the unbelievable polarization between peoples and countries, which the United Nations Development Programme (UNDP) characterized as grotesque and dangerous. The one fifth of the world's population in the highest-income countries commands 86 per cent of world gross domestic product and 82 per cent of world export markets, while the bottom fifth, in the poorest countries has just 1 per cent of both categories. How long can the world go on like this, with a small part of its people living in freedom and prosperity while the larger segment is living in fetters under abject conditions, before calamity engulfs us all? A few years ago, at the request of the heads of State or Government of the South Asian Association for Regional Cooperation, I undertook the task of chairing the Independent South Asian Commission on Poverty Alleviation as part of a regional endeavour to work out regional strategies and programmes of action for the eradication of poverty from South Asia. My own experience as Chairman of that Commission leads me to the inescapable conclusion that the goal of poverty eradication requires, among other things, sustained political will and commitment of the highest order, an integrated and coordinated approach and decisive national actions, with the participation of all, including grass-roots organizations and civil society, backed by enhanced international development cooperation. But the fast-dwindling official development assistance flows and ever-increasing resource constraints of United Nations development agencies, such as the United Nations Development Programme, make our task of poverty eradication and development harder and harder with each passing year. This is particularly true in the case of least developed and landlocked countries such as Nepal. While we deeply appreciate the help of our development partners, we urge developed countries, which are undoubtedly in a position to do so, to generously increase the volume of their official development assistance so as to attain the target set by this Assembly. Reallocation of official development assistance in favour of the less developed countries is another area which deserves attention. As we are a democratic nation, women — who make up half of every country's population — are the backbone of Nepalese society. We can hardly remain oblivious to the urgent need for their empowerment and advancement. We have made legislative arrangements to guarantee their participation in the national polity by reserving exclusively for them as many as 40,000 seats in the local elected bodies. In the three general elections since 1991, the number of women parliamentarians has steadily gone up. But we are aiming for more. Their literacy rate is also improving. The Committee on the Elimination of Discrimination against Women, to which Nepal recently presented its country report, has acknowledged the progress made in raising the status of 14 women in general and in increasing understanding of gender issues and the human rights of women among the Nepalese population. We know we have to do a lot more, and I am personally committed to this. We are equally committed to the protection and promotion of the rights of the child as well as the rights and interests of other vulnerable and disadvantaged sections of society. In short, we have before us a large agenda for nation-building, for the consolidation of gains in democracy and human rights and for living up to our international commitment to peace, cooperation and development in the world. We are dealing with the agenda with a sense of purpose and commitment, although there are several obvious difficulties, including the economic, social, environmental and political problems created by 100,000 refugees from Bhutan. We seek the continued support and understanding of the international community in the creation of an environment conducive to the resolution of this problem through bilateral negotiations. We also seek its support for their sustenance until they are repatriated. I wish to place on record our appreciation of and gratitude to Secretary-General Kofi Annan, the world's foremost public servant, for his efforts and successes in defusing tensions around the world and solving many seemingly intractable problems, such as those of Libya and the popular consultation in East Timor. I am impressed with his impassioned call for the transition from a culture of reaction to a culture of prevention in the United Nations. He has drawn our attention to the benefits and risks provided by globalization and to the need for strengthened international cooperation to offset the vulnerability of many countries, particularly the least developed and landlocked ones, and the marginalization of Africa. We have noted his emphasis on the maintenance of international peace and security as the primary responsibility of the Security Council. We thank him also for his dedication to comprehensive United Nations reform and for his package of reform proposals. Reform is a continuing process. It will be neither meaningful nor complete unless we arrive at a ratifiable global consensus on the functioning and composition of a reformed Security Council. The statement of the Foreign Ministers of the five permanent members that any attempt to restrict or curtail their veto rights would not be conducive to the reform process is a matter of deep disappointment. Nepal supports the common position evolved at the Durban Summit of the Non-Aligned Movement on the question of Security Council reform. We are also firm in our view that no reform measure should curtail the authority of the General Assembly, which is the nearest thing to a world parliament. The United Nations cannot continue to function effectively without a fair and sound financial base. Assessed dues must be paid in full and on time. Peacekeeping is a unique and most useful instrument for the United Nations in the maintenance of international peace and security. Nepal has participated in United Nations peacekeeping for over 40 years in all parts of the world. Some 35,000 of our troops and 800 of our police have served with many peacekeeping operations, 39 having been martyred and several more wounded in the line of duty. It is the firm policy of Nepal not only to maintain but also to increase our contribution to United Nations peacekeeping. It is disappointing that for three years in a row the principal United Nations forum for disarmament negotiations, the Conference on Disarmament, has not been able to agree on an agenda of work. Some important arms control and disarmament measures have been adopted without reference to the Conference on Disarmament. As host to the United Nations Regional Centre for Peace and Disarmament in Asia and the Pacific, Nepal's commitment to general and complete disarmament, including total nuclear disarmament, remains undiluted. In the summer months of this year, South Asia witnessed a flare-up between two of our close neighbours. Disquieting because it broke a peace that had lasted for nearly three decades, it also exposed the myth fostered in a bygone era that countries possessing nuclear weapons would not go to conventional war against each other. The risk of an accidental nuclear war engulfing other countries was magnified by the close proximity of the two countries. Leaving aside the causes of that flare-up, I would like to commend the Prime Ministers and the Governments of the two countries for their restraint, good sense and wisdom in containing the conflict and displaying a high degree of responsibility to their peoples, to the rest of South Asia and to the peoples of the entire world. May I take this opportunity once again to appeal to the Prime Ministers of those two countries to resume their dialogue, begun in Lahore last February. Nepal welcomes the Sharm el-Sheikh accord between Prime Minister Barak and President Arafat as an irreversible step forward in the Middle East peace process. It opens the way to a just, lasting and comprehensive peace. We hope, for the sake of peace, 15 that negotiations between Syria and Israel and Lebanon will soon resume in accordance with relevant United Nations resolutions. Let me conclude with a brief mention of the South Asian Association for Regional Cooperation (SAARC), which consists of the seven countries of the region, representing one fifth of humanity. We are united in a common effort to enhance the quality of life of all our peoples. I am looking forward to hosting the next summit meeting of heads of State or Government of the South Asian region in two months' time at Kathmandu. Our important agenda will deal with such issues as free trade and a SAARC social charter. We will also be signing a regional convention on combatting the crime of trafficking in women and children. This will be another landmark in the work of SAARC, a regional association dedicated to peace and cooperation in South Asia.