First of all, I should like to extend my warmest congratulations to Mr. Didier Opertti on his well- deserved election to the presidency of the fifty-third session of the General Assembly. His recognized skills as a veteran diplomat and his extensive knowledge of international affairs augur well for the success of our deliberations. As we assure him of our complete cooperation, my delegation would like to wish him every possible success. I should like also to avail myself of this opportunity to pay tribute to Mr. Kofi Annan, Secretary-General of our Organization, for the crucial role that he has played in the preservation of peace and the promotion of socio-economic development throughout the world. We are extremely grateful to him for the laudable efforts he has made in the first two difficult years of his term. In the past year, the world situation has continued to undergo changes that are more profound and complex than in the preceding years. World peace continues to be just as fragile. In various regions of the world, civil wars, conflicts among States, border disputes and ethnic, tribal and religious confrontations continue to take place. Some of these events offer no glimmer of abatement, while others have been deliberately provoked against the sovereignty of other States. In the face of this situation, it is important for the international community, in its respect for the Charter of the United Nations, to focus its energies and do its utmost to reduce tensions and assist the countries concerned in resolving their problems by means of negotiations, thus favouring the current general trend towards international cooperation for development. On the eve of the third millennium, States and peoples throughout the world should together endeavour to lay the appropriate solid foundations to construct a new era of relations based on peace, social justice and equality. In certain regions of Europe, there has been a resurgence of deadly ethnic conflicts, resulting in enormous losses in human lives and material property. While coming out in favour of the inviolability of internationally recognized borders, we should like sincerely to appeal to the countries involved to show restraint and resolve their conflicts through dialogue. In Africa, we are still witnessing ethnic confrontation, civil war and border conflicts that continue gravely to threaten peace, stability and cooperation. In view of the great suffering that the victimized peoples of certain countries of the region must ensure, the international community must render its support and assistance to the countries concerned in their efforts to resolve their problems by peaceful means and as soon as possible. In the Caribbean, an atmosphere of peace and cooperation continues to prevail. In this context, we profoundly regret that the 30-year-plus economic, commercial and financial blockade imposed on the Republic of Cuba by the United States of America has not yet been lifted. In the interest of regional and world peace as well as in the interest of both the Cuban and American people, it is our hope that the two countries concerned will commit themselves to reasonable negotiations so as to resolve their dispute as soon as possible in conformity with the general trend obtaining throughout the world. In the Middle East, the situation appears tense. The peace process begun following the signature by the Palestine Liberation Organization and Israel of the 13 Washington Accords of 1993 has run up against grave difficulties in the past two years in the wake of the establishments of new settlements in Har Homa in East Jerusalem and of other unilateral measures that have been taken. In our view, it is imperative for the parties involved immediately to put an end to unilateral measures and speedily to restore a climate of mutual trust and continue seriously in their negotiations to achieve a general settlement based on Security Council resolutions 242 (1967) and 338 (1973) and other relevant General Assembly resolutions in order to contribute to the restoration of peace, security and cooperation in this very delicate region of the world. On the Korean peninsula in general we are witnessing a reduction in tension. Contacts and talks among the parties concerned are continuing in a spirit of respect for mutual interests. While welcoming the efforts deployed, the Government and people of the Lao Peopleâs Democratic Republic would like to reiterate their sincere support for the profound aspirations of the Korean people to live in peace and to achieve the peaceful reunification of their cherished homeland. In South-East Asia multifaceted beneficial cooperation among States is continuing under good conditions. Nevertheless, in the wake of the financial crisis that occurred more than a year ago, the countries of the region are now going through unprecedented grave economic difficulties. But thanks mainly to national efforts and regional and international cooperation, these countries are, through adjustment programmes, engaged in a process of profound economic restructuring in order to get back on track. The international community as a whole has been called upon to support them actively, particularly those most affected. Another important event that has characterized our region was the holding last July of general elections in Cambodia, the results of which have been recognized and approved by the international community. As a nearby neighbour, the Lao Peopleâs Democratic Republic would like to express the hope that the Cambodian parties concerned will speedily form a coalition Government which, in accordance with the Constitution, will be headed by a prime minister from the party that has been elected by majority which would contribute to the establishment of national concord in Cambodia and the promotion of peace and stability in the region. In the Lao Peopleâs Democratic Republic, socio- political stability continues to be securely guaranteed. In accordance with the Constitution, national legislative elections took place on 21 December 1997. The new National Assembly — the Fourth Legislature — has been set up and is made up of 99 members, including 21 women, representing the three major ethnic groups of the country. In the economic sphere, the implementation of a recovery policy based on market mechanisms has produced generally satisfactory results. However, the monetary crisis that has severely afflicted all of South- East Asia and even beyond for more than a year has considerably affected our economy. But, resolutely basing policies on the principle of self-reliance and enjoying external cooperation, the Lao Government has mobilized all of its capacity in human, intellectual, natural and material resources to reduce to the minimum the adverse effects of this crisis on our society and to achieve normalization. While some can gain in this era of globalization and economic liberalization, the fact is that most developing countries, particularly the least developed, have been largely marginalized and exposed to enormous difficulties and risks. In this context, the developed countries must do everything possible to render the necessary assistance to these countries so that they might catch up in their lagging development and have a share in the progress of the times. Drug abuse continues to figure prominently on the international agenda. In this connection, the Government of the Lao Peopleâs Democratic Republic has taken the necessary measures with a view to reducing production and banning the illicit trafficking in drugs, opium in particular. The results of these measures are satisfactory. However, the illegal introduction of synthetic drugs from abroad is still our main concern. In this connection, we welcome the unanimous adoption by the General Assembly at its twentieth special session of the Political Declaration and a programme of action, and we express the hope that the international community as a whole will mobilize itself and marshall the necessary financial resources to implement this ambitious programme. The question of human rights is no less important in my country. Thus, on the occasion of the fiftieth anniversary of the Universal Declaration of Human Rights, my Government has officially announced the establishment of a national committee to commemorate this day solemnly on a wide scale with the sole purpose of publicizing the contents of the Declaration among the 14 multi-ethnic Lao people and to promote harmony and mutual respect in our society. The world today is confronted with numerous challenges. World peace remains fragile. Under- development, poverty, hunger and disease are among the priority problems that must be resolved. With the purpose of consolidating peace and achieving development throughout the world, the United Nations, our only universal multilateral forum, must make an important contribution. To be able to fulfil its mission in this new era, our Organization needs to restructure itself or to reorganize itself to be more effective. In this connection, we would like to express our great appreciation to Secretary-General Kofi Annan for the reform initiatives he presented last year. Of course, these reforms which must, inter alia, stress the strengthening the role of the Organization and the promotion of development, represent an ongoing and difficult process. But in order for them to succeed, a solid financial basis must be assured. In that vein, it is high time that, in conformity with the United Nations Charter, all the Member States, particularly the main contributors, fulfil their financial commitments in full and on time. In so doing, we are giving the incipient reforms a chance, and in the final analysis we would be infusing energy into our Organization so that it could discharge its lofty mission as it confronts the challenges of our times.