Allow me to begin by congratulating the 192nd Member State, Montenegro, upon its accession to membership of the United Nations. On 5 November, elections will be held in Nicaragua to elect its new Government. This session is therefore occurring at an appropriate moment for taking stock, before our own people and before the peoples of the United Nations, of the Nicaragua that could be achieved if the work carried out during the five-year term of the current President Enrique Bolaños Geyer is continued. It has been our lot to fight tirelessly for a value which was recently consolidated in its universal dimension: the defence of democracy, which includes as essential components the rule of law, the balance of powers, the strengthening of State institutions and combating corruption. Nicaragua has not travelled this difficult road alone. A new collective spirit has been present which has assisted its efforts, making it possible to overcome and punish corruption. Thanks to this same collective solidarity it was also possible to counter the partisan division of the State and the still-latent attempts to break with the cardinal rule of separation and independence of the public authorities. I must mention here that whenever anti-democratic forces sought to break with the constitutional order, they encountered the joint response of the people of Nicaragua, the private business sector, organized civil society and the international community. Our first words of thanks go to all those Governments and organizations that, through their support, helped to protect in Nicaragua the principles of freedom and democracy that have today emerged as the new basic values of a renewed international society. We thank our brother countries of the region and the Secretary-General of the Central American Integration System, the Secretary-General of the Organization of American States (OAS) and his Special Envoy in Nicaragua, the Member States of OAS, the Rio Group, the Andean Community of Nations, the Ibero-American Summit, the Caribbean Community and Common Market, Japan, the United States of America and the European Union. But the time devoted to defending democracy has not prevented us from working to achieve the goals of development, law and order, security and stability. Between 2002 and 2005, a period of barely four years, tax revenues increased more than three-fold, which clearly demonstrates the confidence of our citizens in their Government and also reflects the transparency of our public administration. This increase is continuing at the same pace in 2006. At their annual meeting concluded the day before yesterday, the International Monetary Fund (IMF) and the World Bank stated that tax earnings in Nicaragua 43 06-53323 had been strong, with an increase in revenues that bore witness to the success of the fiscal policy and reforms implemented by the Government. On the economic front, we have achieved radical change: there is an economic upturn, and we are regaining the confidence of the international community. Through transparency and good governance, the completion point of the Heavily Indebted Poor Countries (HIPC) Debt Initiative was reached. A year ago, we were selected to receive the support of the Group of Eight, as well as forgiveness of the multilateral debt owed to the IMF, the World Bank and, very shortly, the Inter-American Development Bank, amounting to a reduction of approximately $800 million in our foreign debt. These two initiatives mean that over 85 per cent of our foreign debt has been forgiven. Nicaragua can now concentrate on reducing its domestic debt, which resulted from the fraudulent collapse of banks that occurred five and a half years ago. It was President Bolaños Geyer who, in December 2001, spoke of the need for a trade agreement, what turned into the Central American Free Trade Agreement, between the countries of Central America, the Dominican Republic and the United States. This Agreement came into force in March 2006, opening up a new era of opportunity for our region. As a result of this treaty, the volume of exports from Nicaragua to the United States has increased by 20 per cent during the eight months it has been in existence. We have achieved three consecutive years of economic growth on the basis of private investment. Since President Bolaños took office, direct foreign investment has led to the opening of a new company every month in the tax-free zones, and total exports have increased by 100 per cent in less than five years. We have succeeded in turning tourism into a new engine of the economy on account of the revenues it generates, and for the first time it has become the greatest source of foreign currency earnings in our trade balance. Nicaragua is ranked third among the 10 must-visit destinations, according to the prestigious Lonely Planet travel guide. Similarly, Nicaragua has been classified by the World Tourism Organization as one of the best emerging markets at the world level and the best kept secret for retirees and for real estate development. We are considered to be the country that has made the greatest progress on the economic freedom front. For its part, the World Bank report, “Doing Business”, places Nicaragua in 67th place worldwide and states that it has the best business climate in Central America and one of the best in the hemisphere. We are one of the safest countries in the hemisphere. Our murder rate is less than half the world average. I am proud to say that we are now experiencing a new political, economic and social reality. Keeping his campaign promise, President Bolaños has virtually doubled the salary of primary and secondary school teachers and has doubled in absolute terms the budget allocated to post-secondary education. In the area of health, the infant mortality rate fell from 35 per 1,000 live births in 2001 to 31 in 2006. The mortality rate for children under the age of 5 fell from 45 in 2001 to 40 in 2006, and the maternal mortality rate fell from 96.6 per 100,000 in 2003 to 83 in 2006. Immunization coverage increased between 2004 and 2006 by over 10 per cent. We are developing a State policy for our emigrants, with a view to guaranteeing that they have full enjoyment of their political, social and civil rights, providing them with legal advice and with the protection to which the Constitution entitles them. We are doing all we can to defend their rights in any country where they may be found. That is the least we can do to repay the sacrifice they make in sending back remittances to improve the economic situation of their families. These remittances are equivalent to almost 50 per cent of our goods exports. The Assembly will recall that President Reagan, when addressing the Soviet Premier on the subject of the Berlin Wall, said: “Tear down that wall”. The President of the Dominican Republic, Mr. Leonel Fernández Reyna, once observed that in a globalized world where there is free movement of capital, goods and services, it is the human beings who do not enjoy freedom of movement of labour. Thanks to the special law on migratory incentives for Nicaraguans living abroad, nationals who have lived for at least five years outside the country can come home with their household effects, their car and their work tools. The results we have achieved in protecting our nationals abroad are substantial and have been 06-53323 44 recognized by the international community. At the beginning of this month, the United States Under Secretary for Democracy and Global Affairs brought to the attention of the international community the efforts made by Nicaragua through its diplomatic establishment to protect, assist and repatriate Nicaraguans who are the victims of human trafficking. We have built the material, human and technological infrastructure that will gradually generate a new political culture strengthened by the values of democracy. Nicaragua does not see its future as being separate from that of Central America. This is why we are endeavouring to form a customs union and to further the integration process in all directions and at all levels, because this is the best way for a region which deserves prosperity and development to move forward. Very soon, we shall start talks on an association agreement between the European Union and Central America, which will include a free trade agreement. It is an initiative that embodies the vision of two regions which, from different continents, view the future with similar values and institutions and common aspirations. The Nicaraguan proposal to limit arms at the regional level has made substantial progress in matters relating to the submission of inventories of weapons, armed forces and public security personnel and in the generation of confidence-building measures. According to the International Institute for Strategic Studies, per capita expenditure by Nicaragua on defence is $5.2 per year. In the list of 132 countries studied, Nicaragua is third among the countries which spent least on defence. Nicaragua was the first independent country in the history of the United Nations to benefit from the presence of electoral observers. This time, too, Nicaragua will comply with the sacred duty of holding free and transparent elections which reflect the sovereign will of the people. On 5 November, the Nicaraguan people will have to decide between the caudillismo of the past and a future devoted to development, between corruption and transparency. We are sure that the international community will help us through this process by extending to us unwavering support at this critical moment of reaffirmation of democracy by a nation which has defended its right to freedom with its life. The fate of our individual States is closely linked with that of our international system. The current world situation is testing the response capacity of our international system as a whole. The problems faced by mankind are increasingly complex and tragic and call for our involvement to ensure that they are promptly and effectively dealt with. The recent crisis in the Middle East, the situations in Iraq and Afghanistan, the tensions in Iran, the problems arising in the Democratic People’s Republic of Korea, the social and political conflicts being experienced in Haiti, the situation in Darfur and the threats of international terrorism demonstrate that neither the appeals of Secretary-General Kofi Annan nor the proposals to reform the United Nations system can be put off. The United Nations must be reformed to provide a ready, efficient and effective response to the immense threats to world peace that also extend to the environment and health. Nicaragua maintains the position that these reforms should be comprehensive in nature since that is the only way of overcoming bureaucratic problems that stand in the way of prompt implementation of the resolutions of the General Assembly. The reform process should cover the Secretariat, the General Assembly and the Economic and Social Council, as well as the Security Council. The membership of the Security Council should better reflect current geopolitical realities, allowing for a more equitable and democratic representation of developing countries in both permanent and non- permanent categories. This expansion should serve to enhance multilateralism, strengthening the capacity to respond to world threats and challenges with a Council that has more authority, representativity and effectiveness. In 2003, the Government of Nicaragua arranged the nomination and recognition of the Río San Juan — Nicaragua Biosphere Reserve in the Programme on Man and the Biosphere of the United Nations Education, Scientific and Cultural Organization (UNESCO) — recognition which was approved on 15 September of that year, when it became part of the World Network of Biosphere Reserves. This reserve was added to the Bosawas Biosphere Reserve, which, at 2 million hectares, covers 14 per cent of our national territory and is the largest continuous forested area in 45 06-53323 Central America. In early 2006, President Bolaños established a preserve for 10 years, banning the export of six forest species in danger of extinction. Nicaragua also restates from this podium its support for the cause of the Republic of China in Taiwan, which should achieve the legitimate representation of its 23 million inhabitants. It also calls for renewed and proactive efforts by the United Nations to maintain peace in East Asia. We launch a humanitarian appeal for the freeing of the kidnapped persons in the Far and Middle East, and worldwide. The States Members of the United Nations have a duty, both individually and collectively, to protect the world population against any action that seeks to harm the life or dignity of any human being, from the time of conception to the time of death, or to undermine his or her aspiration to live in a democratic environment and to take advantage of opportunities for development. We should devote our best efforts to giving effect to this mandate.