At the outset, Sir, allow me to join with earlier speakers in congratulating Mr. Razali Ismail on his election as President of the General Assembly at its fifty-first session. His election is unquestionably a recognition of the role that his country has been playing in advancing the ideals of our Organization. It is also a great honour, and a personal tribute to his well-known experience as a diplomat. We wish him every success in his work during this session. We are aware of the substantial number of topics for discussion during this session, and their subject matter. First, however, I wish to discharge the duty given me by the President of the Republic of Equatorial Guinea, His Excellency Obiang Nguema Mbasogo, and convey to the representatives of the friendly countries meeting here today his greetings and wishes for success in their work during this session. A rapid review of our agenda reveals that many of the issues go to the heart and central purposes of the United Nations. However, it is also true that most of them have been the subject of broad-ranging and thorough debate at many other sessions of the Assembly. To avoid repetition, therefore, I shall briefly sum up my country’s position on these main issues. During the past 50 years the United Nations has constantly worked to heighten the awareness of the 12 international community and the conscience of the world with respect to international peace and stability, justice, equality and development throughout the world. We do not wish to sound pessimistic, but this session of the Assembly is taking place in a context of great uncertainty. Some are even questioning whether the United Nations still has the ability to contribute to solving the problems that have arisen on a daily basis in recent years. For this reason, the first problem that we must face is whether what we have been building over the past 50 years is valid when tackling these issues. For Equatorial Guinea, the answer is “yes” in principle. However, we must also acknowledge that the system we invented 50 years ago must be adapted to current realities. Apart from considering the various options for reforming the United Nations system, we must ask ourselves seriously whether we are prepared to provide the Organization with the legal machinery to make its important decision-making bodies — the General Assembly and Security Council — more democratic. My country believes that the credibility of the United Nations is at stake. We have within our grasp an opportunity to make the United Nations the centre for the global harmonization of our endeavours to achieve the common purposes articulated in the Charter. When making decisions that affect all the countries in our Organization, therefore, the necessary consensus must prevail for us to find appropriate solutions. Given this belief, I wish to make a modest contribution on certain issues that we consider vital to the Organization. Reform of the Security Council is an extremely important and complex issue, which calls for very careful thought. Equatorial Guinea is in favour of establishing machinery to allow for broad consensus in the decisions taken by that body. We therefore support the arguments of those who believe that there is a need for an increase in the number of permanent and non-permanent members of the Security Council. We believe that, as others have said, exercise of the veto should evolve towards mechanisms that will make its use more objective. The United Nations should also keep in mind the fact that the cooperation that will make sustainable economic development possible in the developing countries is not just an option; it is an imperative, if we wish to eradicate the poverty and destitution that breed violence and socio-political instability in many countries and regions of the world. Present-day Equatorial Guinea has learnt the hard lesson of what it means to live in democracy and pluralism in a difficult socio-economic climate. Therefore, we believe that the preservation of peace and stability and the fostering of democracy are closely linked to the right of all the world’s peoples to development. For that reason, Equatorial Guinea is concerned about the fate that the resolutions adopted at four important world summit meetings of recent years — the United Nations Conference on Environment and Development at Rio de Janeiro, the World Summit for Social Development at Copenhagen, the Fourth World Conference on Women at Beijing and the World Summit for Children at New York — can expect at the hands of the international community. Are we once more going to fail to fulfil the hopes of our peoples, who had rejoiced to see the Organization take such salutary initiatives? The debt problem remains unresolved, although timid steps have recently been taken by the World Bank and the International Monetary Fund. Where my country’s domestic affairs are concerned, we are building a participatory democracy founded on the people, by the people and for the people. Thus, our development policy is concentrated on the welfare of our citizens. Indeed, within that approach the Government of Equatorial Guinea is pursuing a programme to promote human rights, with the technical and financial assistance of the United Nations Centre for Human Rights. In this connection, a number of courses and seminars are being offered for public order and security personnel as well as for administrative and judicial authorities responsible for law and order. We are daily and progressively enhancing the degree of democratization of State political structures at the rural community, municipal, parliamentary and governmental levels to facilitate transition. In the economic sphere our efforts are directed to reforms that will be an impetus to sustainable development that can improve the standard of living of our population. Nevertheless, we must note here my country’s concern at a trend in the international community to erect barriers that hinder the efforts being made by many developing countries to harness the resources needed for development. In recent years, in fact, we have witnessed a contradictory phenomenon: on the pretext of calling for the restoration of unquestioned principles of democracy and respect for human rights, many developing peoples are being deprived of the resources that will enable them 13 to meet their basic needs. The donor community must, once and for all, learn to distinguish between the demands of certain selfish political interests and the aspirations of peoples to freedom, democracy and development. In the case of Equatorial Guinea, our aspirations to consolidate a State based on the rule of law, democracy and development are held hostage to certain intransigent and radical political groups that are deliberately flooding the international community with disinformation that runs counter to my country’s present-day socio-political realities. For a number of years now, either out of ignorance or because of vested interests, the donor community has wielded the weapon of economic blockade, which has made it impossible to establish democracy on a sure footing in a number of countries. However, we are pleased to inform the Assembly that our ideals of peace, republican order and healthy social coexistence have enabled Equatorial Guinea today to attract world interest. Foreign investment is increasing at a rapid rate, cooperation with friendly countries and international economic institutions is growing and economic growth will exceed 7 per cent by the end of this year. We believe that ultimately Equatorial Guinea will be able to lay the foundation for the country’s overall development in all areas. We would therefore like to take this opportunity to appeal to the international community gathered here to judge Equatorial Guinea by what is actually happening there, and thus to confirm the objective reality of our movement towards progress and prosperity.