I wish to express the pleasure of the Commonwealth of the Bahamas at having Mr. Opertti preside over the deliberations of this fifty- third session of the General Assembly and to convey to him our warmest congratulations on his election. He may count on the full support of the Bahamas delegation to ensure the success of this session. The Bahamas also wishes to express its appreciation to Mr. Hennadiy Udovenko of Ukraine, whose competent leadership brought the deliberations of the fifty-second session to a successful conclusion. He has our gratitude. On 10 July of this year, the Commonwealth of the Bahamas celebrated its silver jubilee anniversary as a sovereign nation. Our country is a thriving democracy and enjoys one of the highest standards of living in our hemisphere. Our economy continues its rebound from negative growth early in the decade, and increasingly we are creating the jobs necessary to provide productive employment for our young population in all sectors of the Bahamian economy. Over the past 25 years, the Bahamas has demonstrated a consistently strong and exemplary record in upholding democracy, protecting and promoting human rights, promoting the advancement of women and promoting social development and justice. As a member of the community of nations, the Bahamas has remained firm in its commitments to the United Nations and to other international organizations. Hence, the foreign policy of the Bahamas has been marked by peaceful cooperation and respect for the sovereignty of its neighbours. Nevertheless, we, like many others in the international community, are constrained to question the adequacy of delivery on commitments to improve the circumstances of developing countries. I believe it is fair to assert that the United Nations record of achievement in developing countries has been, at best, mixed. While it is true that many developing countries have gained a measure of success in their economic and social sectors as a direct result of United Nations intervention and assistance, too often such successes have been overshadowed and continue to be overshadowed by 8 serious deficiencies. Too many countries in the developing world today suffer from abject poverty, deteriorating environments, poor health standards, high unemployment rates, staggering levels of malnutrition and hunger, spiralling inflation, growing criminal activity and masses of homeless persons displaced by political and economic conditions. Such problems and challenges defy the meagre resources, both human and financial, of these nations, and many assistance programmes mounted to redress them are limited by their decreasing resources. These are some of the critical areas where the Organization can make a difference in the lives of individuals, especially in developing countries. Another area where the Organization could make a difference would be in the adoption of measures to eradicate the abhorrent practice of trafficking in women and children. We call upon the international community to make every effort to address this problem in a comprehensive manner. The Bahamas continues to be challenged by the uncontrolled entry of economic migrants to its territory, a struggle which receives scant international recognition or assistance, notwithstanding the considerable financial burden foisted upon our small developing State. Indeed, undue pressure is frequently brought to bear upon our small society to absorb such economic refugees without regard for the serious social and political consequences of such requests. It is clear that the important United Nations conventions crafted to address the problems of political refugees following the Second World War do not adequately address the problem of today?s undocumented economic migrants. We call on this Assembly, therefore, to begin to address the need for a review of the mandate of the United Nations High Commissioner for Refugees. The Bahamas is an archipelago of some 700 islands stretched over some 80,000 square miles of ocean. We are home to one of the most important coral reef systems in the world and of important species of flora, fauna and animal life, both terrestrial and marine. Our responsibility to conserve and protect our environment for the welfare of future generations is clear. Equally clear is the fact that we require continued international assistance if we are to succeed. In this regard, I wish to acknowledge and thank the United Nations Environment Programme (UNDP) for its continuing assistance to the Bahamas as we seek to enhance our capacity to catalogue, manage and protect our rich biodiversity; and to thank also the Secretariat of the United Nations Framework Convention on Climate Change for its assistance in improving our response to the challenges created by climate change and sea level rise. It is important that we begin to deal forthrightly with the obstacles which impede the United Nations from playing as effective a role as it ought, or might, in the global economy. We must be vigilant against slippage in our commitment to the goals of the Organization so eloquently embodied in our fiftieth anniversary pledge to be a people “united for a better world“ in which the human condition remained our highest priority. We must all accept that the United Nations can only be, and will only be, as successful and responsive as we the Member States allow it to be. The United Nations success is our success. The reform measures adopted last session provide a useful platform from which to refocus and improve our Organization. In this regard, the Bahamas welcomes the proposals for both a Millennium Assembly and a Millennium Forum, so as to forge a closer partnership with civil society. The Bahamas also recognizes and accepts the appropriateness of adopting sunset clauses, establishing time limits for United Nations mandates. Given the sensitivity of the matter, however, we strongly recommend that final decisions be arrived at on the basis of consensus among the Organization?s membership. The Bahamas believes that the Security Council as currently composed reflects some inequities and imbalances of this Organization. A living organization must adapt to changing circumstances if it is to remain relevant. A Security Council reflecting the eminence of post-Second World War Powers cannot be expected to adequately address concerns of our post-colonial world. As we approach a new millennium, it would be in our interest for this central organ of our Organization to be more reflective of our present reality. As a peace-loving nation, and one in which respect for human dignity has historically been upheld, the Bahamas condemns terrorism in all its forms. Such wanton acts are inhumane and wreak havoc on entire communities. It is for these reasons that the Bahamas will continue to lend its support to all legitimate national and international efforts to stem the spread of terrorism and to work towards its elimination. To this end, we will continue to cooperate with the international community to bring the perpetrators of terrorism to justice, as well as to address comprehensively the root causes of terrorism. We call on all Members to act similarly. 9 We wish to thank Secretary-General Kofi Annan for his untiring efforts in the promotion of international peace and security. Unfortunately, his recent reports on trouble spots around the world continue to reveal a disturbing picture. In a world shrunken by globalization, every trouble spot has the potential to affect us all. Our energies, exerted in search of real solutions to these global crises, must therefore match those expended in pursuit of responses to our national challenges. Let us seek to mark the fiftieth anniversary of United Nations peacekeeping with an enlightened breakthrough in this area. The continued production and use of land mines internationally continues to maim and kill thousands of innocent men, women and children in developing countries. The Bahamas abhors these actions. We were pleased to join the more than 100 countries which have signed the Convention on the Prohibition of the Use, Stockpiling, Production and Transfer of Anti-Personnel Mines and on Their Destruction, which we have also now ratified. We call upon all Member States that have not done so, to do the same. The Bahamas is seriously concerned by the proliferation of handguns and other weapons which continue to infiltrate small island developing States. The use of these conventional weapons by perpetrators of crime considerably raises the level of violence in our societies and threatens our social, economic and political fibre. We call on countries manufacturing handgun and other weapons to assume greater responsibility over the sale and export of such weapons, and to strengthen their international collaborative efforts to combat this problem. For our part, we have joined Member States of this hemisphere in acceding to and ratifying the Inter-American Convention against the Illicit Manufacturing of and Trafficking in Firearms, Ammunition, Explosives and Other Related Materials. We commend similar action to all Member States of this body. The Bahamas, after experiencing an abatement in the illicit transit and traffic in narcotic drugs through its territory, regrets to inform the Assembly that it is again confronted with this scourge. Drug seizure quantity and frequency have increased, and the numbers of persons arrested and charged with drug offences are similarly increasing. Past experience has taught us that this is not a problem which can be resolved by any single State. International cooperation is critical if this menace is to be controlled. Notably, we welcomed the recent twentieth special session of the General Assembly on the world?s drug problem. That session adopted important decisions designed to chart the future course in the international fight to combat the supply, traffic and consumption of illicit drugs. It is now imperative that Member States commit themselves to the implementation of those decisions. The past 12 months have been a period of turmoil for the world?s economy, marked in particular by the crippling financial crisis in South-East Asia. The fallout from that crisis is now being felt, in varying degrees, globally. We have, from time to time, in this forum underscored the importance of establishing a sustainable and equitable international framework for highly integrated global markets. This need remains critical, particularly in the light of the quickening pace of the globalization of production and of capital flows, and the liberalization of trade since early in this decade. Clearly, these developments have not provided equal opportunities for all countries to share in the benefits of globalization. Countries — developing countries, least developed countries and countries with economies in transition — ought to be assisted in their efforts to become integrated into the mainstream global economy, without incurring disruptive and punitive economic, social and cultural costs. These are matters of survival for small economies like that of the Bahamas. Questions are now being raised concerning the adequacy of the international financial system to meet the growing demands of the world?s diverse economies. My Government is acutely aware that, while private capital flows have played an indispensable role in the advancement of developing economies, they should not be relied upon as the single source of financing for capital development. In this connection, the Bahamas notes the recent call for a high-level international intergovernmental forum on financing for development aimed at furthering the global partnership for development. My Government supports this call and applauds the Assembly?s efforts to explore the matter further by soliciting input from Member States. We call on this body to address the issue in as comprehensive and integrated a manner as possible. 10 My Government was also pleased to note the convening, in December last, of the expert group meeting on vulnerability indices here at the United Nations. It is my Government?s fervent hope that work will continue in this important area. As the Assembly is aware, the Bahamas has on many occasions repeated its objection to the use of per capita income as the sole, or principal, measuring tool for the economies of developing countries. This yardstick does not, and cannot, take into account the special circumstances of countries like the Bahamas, with our archipelagic make- up, our ecological fragility and our economic vulnerability. Yet these are all integral measures of our state of development. My Government looks forward to the upcoming review in 1999 of the Barbados Programme of Action, and hopes that all issues of concern to small island developing States will be addressed in line with the chapters of the Programme of Action. The vision of our United Nations to meet the needs of our people is achievable, but only if our purposes and principles are designed for the common good rather than for narrow nationalistic objectives. Otherwise, such motives will inevitably produce inadequate programmes and adversely affect relationships. The lessons of history no longer take centuries to be deduced. They present themselves starkly before us, often in our own lifetime. Will we choose to learn from them? The answer lies with each of us.