The election of the Foreign Minister of Uruguay as President of this session of the General Assembly is a source of great pride to Latin America. It is also a fitting tribute to Mr. Opertti, whose diplomatic experience and skills augur well for the success of this fifty-third session. Just when it seemed that we had secured stability, signs of a severe crisis reappeared in the horizon. Indeed, commodity prices have declined on average by 30 per cent, reaching their lowest levels in the last three decades in real terms. Consequently, exports from Latin America to developed countries, consisting primarily of raw materials, have begun to shrink, and trade balance deficits in the region have increased proportionately. There has been a decline in growth of output in Latin America. Businesses are reducing production volume, paying less tax and going further into debt with the banks. There is a proportionate decline in domestic savings and investment in infrastructure, in the training of human resources and in the production of goods and services. Visible unemployment is on the rise, and shadow economic activities are gaining ground. This brief account — no less grim for its brevity — of the current situation points to a dangerous recession in Asia and Latin America. Of course, the fact that this turbulence began about a year ago in Asia, halfway round the world, before reaching the Andes, reveals the extent to which the world economic system has become interdependent. Both the scale and the consequences of this interdependence would have been inconceivable until recently. The planet has indeed become the global village which was to be the sign of the future, as we had all heard. But there is an ugly and unfair side to globalization that I wish to stress. Countries — and when I use the word, I do not just mean abstract entities, but actual people with spiritual and material needs — are not paying only for their own mistakes but also for the economic policy errors and negligence of others. Let me take my own country as an example. A small country, with enormous structural limitations, it made a gigantic effort, at enormous cost and at the price of enormous sacrifices, to put its accounts and institutional structure in order. Bolivia overcame hyper-inflation, restored its macroeconomic balance and made progress in first- and second-generation structural reforms. We established a democratic system which, while not perfect, is being studied in our region as a model of political cooperation and social dialogue. We are prepared to commit all our energies to casting off the historic chains of corruption and poverty. This entire effort, just now beginning to be productive, may be thwarted by causes that are beyond our control and for which we bear no responsibility. It is true that our progress may not have been sufficiently rapid and that our economic and social structures are still weak, but the crisis we face today does not stem from these deficiencies. Bolivia and other countries will have to foot the bill for the mistakes of others, for far distant trivialities. We are suffering, the analysts tell us, from the contagion of the Asian crisis, and we would do well to pray harder to prevent anything happening in our own country or anywhere in the broad region surrounding us. My country did what it had to do and did it well. No one wants to go back to the past. No right-thinking Bolivian wants for a moment to return to the days of authoritarianism, hyper-inflation or the bureaucratic state. No, this is not what it is all about. But nor is it about acting as if nothing had happened — as if all that was necessary to overcome this crisis was to take a stronger dose of the same medicine. That would be an unforgivable mistake. The current situation has revealed such shortcomings in the international system, particularly with regard to international financial flows, that it would not make sense to keep things as they are. Next month there will be a meeting of the Ministers of Finance of the Group of Seven — the nexus of world economic power — to decide our fate. I do not know if our voice will be heard, 16 but I do believe that this Assembly of the peoples of the world is itself a message that can at least remind them of a few things. There is a need for prompt and concerted action on the part of the advanced and developing countries to diminish the volatility of financial markets and to provide some discipline and procedures for incentives and penalties aimed at remedying the major shortcomings in these markets. There must be an increase in the availability of public financial resources in the International Monetary Fund and other institutions to compensate promptly and efficiently for damage caused by unduly heightened risk in any given country or by the wanton recklessness of speculators on the world’s stock markets. There must be a discussion very soon about the nature and the new role of the International Monetary Fund and the World Bank and of the necessary adjustments thereto, because these bodies were created in a context quite different from that of today and clearly have been overwhelmed by the events of recent years, which could not be prevented. Their structure, their resources, their philosophy and their modus operandi were severely criticized since the 1980s in Latin America and in the Assembly, and today they have shown themselves to be unable to contain the impact of the current crisis. We have globalized the crises of poverty and unemployment. Let us also globalize the commitment to solve them. By virtue of the universal nature of this body, by virtue of the terms of the Charter of San Francisco and because it is here that the concerns and problems of the States Members of this supreme world Organization should be set forth, I must once again raise what is well known as Bolivia’s maritime problem. Almost 120 years ago, in a military confrontation not of its own making, Bolivia lost a long strip of coastline on the Pacific Ocean. Our country thus lost, temporarily, its maritime status, its sovereign access to the sea — an essential condition of its existence — as well as its geopolitical role and status as a bridge between the great basins of South America. The economic damage wrought by this loss was immense. I will not take time here today to mention the value of the minerals and fishing resources of this territory, as it is incalculable. Suffice it to recall that recent studies have shown that the cost of the landlocked condition of my country is estimated at $4 billion every 10 years, an amount equal to that of our foreign debt. However, perhaps the most serious consequence of this ill-fated event was that my country was condemned to be penned in behind the Andes, far removed from the mainstream of the passage of goods, peoples and cultures, which are the very lifelines of the development of nations. Therefore, ever mindful of the magnitude of the damage, my country never accepted this status of isolation imposed upon us. We have unceasingly called for this injustice to be redressed, but in doing so we have abided by our tradition as peaceful people that rejects conflicts. However, our voices never fell silent. We sought bilateral negotiations with Chile and brought our case to international forums. On various occasions, the bilateral negotiations concluded with agreements or concrete proposals for a solution whose main objective was the return to Bolivia of its sovereign access to the Pacific Ocean, with a coastline, a port of its own and an overland link. For reasons that I shall not go into now, these dealings were never concluded and were added to the long list of lost opportunities on the record of relations between our countries. Bolivia’s cause has always been met with the sympathy and understanding of the international community. There have been numerous expressions of such solidarity. I would just like to refer to two, one in the framework of the Non-Aligned Movement and the other in that of the Organization of American States (OAS). I will state only the relevant portion of the resolution adopted by the ninth General Assembly of the Organization of American States, which was held in La Paz in 1979. That resolution states, in its operative part that, “it is in the inherent interest of our hemisphere to find an equitable solution whereby Bolivia can obtain sovereign and effective access to the Pacific Ocean” as part of a proposal aimed at, “securing, in a spirit of fraternity and integration of the Americas, the objective referred to in the previous paragraph and to consolidate a stable peace which would stimulate economic and social progress in the region of the Americas directly affected by the consequences of Bolivia’s landlocked condition.” 17 In spite of everything, the problem still awaits a solution. It is a kind of throwback to another time, another logic, another way of seeing relations between neighbouring nations. This has left an indelible mark on the memory of my country. I must therefore state emphatically before the Assembly that Bolivia will never back down from its demand and that it will not be discouraged by how long its efforts may take. Bolivia has the staying power and limitless patience of an ancient people and knows that the time is sure to come when this long-standing issue will be definitively resolved. Our hope becomes conviction when we see how other nations find ways of unravelling the Gordian knot of conflicts at least as complex as our own. The case made by President Hugo Banzer last year in the Assembly is still valid. He recently put it again to the twelfth presidential summit of the Rio Group in the following terms: “There is no subject which cannot be discussed, if it is approached in good faith, without preconceptions or prejudices. The subjects of peace, security and democracy are not items reserved for diplomats and specialists. All the institutions of society have an opinion to voice and ideas to contribute. These are voices which must be heard and heeded. I would therefore like to propose that wherever there is open conflict between our nations or where the embers of ancient conflicts still smoulder, let us call upon our citizens to help us find the path to solutions. Let us throw open the windows of Latin American diplomacy and let in the fresh air of new opinions and the sound of new voices. Only recently I made the same point by suggesting that Bolivians and Chileans meet together and talk about the vast potential of our relationship and find a way of removing the obstacles which block its path. I am repeating this here today, because I am convinced that we must find a way of breaking with the status quo. We cannot bind ourselves to the inheritance of other times and other problems.” It could not be clearer that now is the time for economic integration and a political solution for access to the ocean, not for confrontations. The nature of the global system requires the formation of large-scale spaces in which ideas and goods can move freely, where common institutions can be built and where new cultures can be nurtured, the fruit of the mingling of diverse peoples. If this is true anywhere, it is true in Latin America. In order to clear the path along these major highways, we must remove the obstacles that are blocking or hindering the march towards integration. In the case of relations between Bolivia and Chile, this means resolving the age-old disputes which led to the breaking off of diplomatic relations at the end of the 1970s. The liberalization of trade, agreements on economic complementarity and arrangements for free transit are all essential parts of this picture, but not the whole picture. For this to happen, what is needed is vision and courage on both sides. If we want to find new, different solutions in keeping with the times, we can no longer remain mired in the juridical, diplomatic and military logic of the past. If we want to find answers, we may have to move outside those circles that have traditionally handled these matters up to now. This is the sense of the proposal of President Banzer: to bring businessmen, workers, churches, professionals and the peoples of Bolivia and Chile into the dialogue. Of course, the international community has a crucial role to play in the search for agreement. The counsel, guidance and help of friendly countries within the framework of the subregional integration processes in which they are engaged may just be the missing factor needed to get dialogue going, to bring diplomats to the negotiating table, to make leaders shoulder their historical responsibilities and to reach a solution bringing our peoples together. My country is convinced that the underlying problems must be dealt with because we know that integration will be consolidated only when economic agreements guarantee that it will be sustained by the political will and confidence of our nations. There are many initiatives that should not be left only on paper. Last June, during the special session devoted to the drug problem, important proposals were made. Bolivia put forth the idea of creating a body, similar to a consultative group, made up of countries that would help finance the high cost of the fight against drug- trafficking. We would like to know what steps have been taken to implement this, as well as the other initiatives that were proposed in that highly important specialized forum. The phenomenon of corruption, which is no stranger to most countries represented here, is a disease that spreads and damages our institutional structures, saps the legitimacy of democracy, distorts the economy, creates bad habits in public administration and erodes morality. 18 In compliance with a presidential order, last 21 September we had the honour of celebrating at a solemn ceremony the signing of an accord among the principal institutions of the State representing the three branches of power, whereby the National Integrity Plan came into effect. This Plan establishes a comprehensive strategy to combat corruption. The judicial basis for the Plan is taken from the Inter-American Convention against Corruption, which was signed by the member States of the OAS in 1996 and which Bolivia was the first nation to ratify as the law of the land. After careful thought, we have made this policy one of the highest priorities of the Government of Bolivia. We have begun to put into effect the first concrete measures to combat this evil and to make this proposal State policy. We now invite the international community to follow our endeavour closely and to support our initiative. Bolivia vigorously adheres to all the statements that have repudiated terrorism, a despicable practice that has no justification whatsoever. It will support any initiative or action that may be put forth to fight it. In another area, we wish to underline the Secretary- General’s task in the process of the reform of the United Nations. We believe that there has been progress in the efforts to reduce bureaucracy, rationalize expenses and avoid duplication in the work of the United Nations. We also believe that it would be healthy to enhance the Economic and Social Council in order to turn it into an economic, social, scientific and technological council. It would also be worthwhile to create a council for humanitarian affairs responsible for social problems of our time, such as poverty, unemployment, discrimination and all forms of exclusion. We meet every year to express our concerns and thoughts, to share experiences and reaffirm our faith in the purposes and principles of the San Francisco Charter. Each year, we would like to see positive advances in the solution of problems, in joint responses to crises, in the spread of peace on the world map. Thus, the United Nations will continue to grow even stronger. Bolivia wishes, as always, to contribute to the achievement of those goals.