I wish to recall the late B.P. Koirala, the legendary leader who became the symbol of democracy in Nepal because of his long years of imprisonment, self-sacrifice and struggle. As the first elected Prime Minister of Nepal, he stood at this podium 38 years ago to this very day and declared that the foreign policy of Nepal would be inspired by the purposes and principles of the United Nations. He said that Nepal looked upon the United Nations as an instrument for promoting peace and justice among nations. Those sentiments have always guided Nepal?s international relations. It is my pleasure to extend to you, Sir, the warm congratulations of my delegation on your election as President of the General Assembly. It is a tribute to your great country?s contribution to the work of the United Nations and a recognition of your own personal qualifications. Please be assured of the cooperation of my delegation in your work. I would also like to place on record our appreciation to your predecessor, Mr. Udovenko, for the wisdom and deftness of touch with which he guided the previous session. I would also like to express, on behalf of the Government and the people of Nepal, our deep sympathy and condolences to the Governments and the peoples of Bangladesh and China on the massive loss of life and property due to the recent devastating floods in those two friendly neighbouring countries. We also sympathize with the victims of hurricane Georges. It is heartening to note that this year we are celebrating the fiftieth anniversary of the Universal Declaration of Human Rights. While we are guided by lofty human rights goals in the international field, we are no less committed to attaining them at the national level. Our commitment to democracy, human rights and uplifting the quality of life of the people is unflinching, despite a low level of economic development and the innumerable constraints, including the problem of refugees. It is our firm belief that democracy and 4 development should reinforce each other. Society can enjoy uninterrupted peace and progress only when the rule of law and the participation of an entire people in governance and development are ensured. We are a small nation with a great heritage. Our tradition has been one of peace, compassion and brotherhood. We have always striven to promote understanding and goodwill among different nations, especially with our neighbours. While retaining our age-old cultural values, our people have struggled for years and have made great sacrifices to establish democratic institutions and to uphold the principles of human rights and dignity. In this endeavour we are conscious of the challenges that we have to face. But we are determined to make all possible efforts to fulfil the aspirations of our people and, in our limited way, to contribute to the achievement of the noble ideals of this great Organization, which provides us with a forum to express our views on the concerns of mankind. I consider it a privilege and an opportunity to make an appeal to the developed nations to extend support and cooperation in our endeavour to preserve the dignity and honour of our people and the sovereignty of our nation. We are determined to face every eventuality to defend those ideals. Centralized planning has failed to produce desired results even after many years. We believe that unless people are mobilized, from the grass roots to the policy level, the reality on the ground is unlikely to change. To realize this, institutional and legal changes are necessary. Administrative, financial and political systems have all to be decentralized. Real power has to be transferred to the people. We have taken certain steps in that direction. However, I admit that this is not enough. We are committed to the empowerment of women. But changing gender hierarchies without changing social and economic hierarchies is not possible, as gender relations do not operate in a vacuum. It is a fact that gender relations are related to and influenced by social, economic and political systems. Nevertheless, as a prelude to the political empowerment of Nepali women, 20 per cent of the seats in local bodies have been reserved. As a result, 36,000 women are now in the political hierarchy at the grass-roots level. In my opinion, this is a significant breakthrough. The list of problems facing us is endless. We live today in an unequal world, where global disparities in wealth and income are rising rapidly, widening the gap between the rich and the poor, increasingly dividing human societies into one of plenty, luxury and power, on the one hand, and one of poverty and hardship, on the other. The low level of economic development due to the lack of capital and technology, among other things, is hampering the progress and prosperity of developing countries. Similarly, the falling prices of primary commodities, the lack of access to international markets and the low level of resource flows and the unfavourable international economic environment have compounded the difficulties of the developing countries. The worldwide wave of liberalism in trade and services in the aftermath of World Trade Organization (WTO) agreements has moved the international economy to greater competitiveness. However, the capacity of the developing countries to trade needs to be sufficiently enhanced to ensure a level playing field. The current financial and economic crisis facing many countries is affecting even the advanced economies of the world, not to mention the vulnerable and weaker ones. This calls for much-needed reforms in the global financial system. The developing world consists of 85 per cent of humanity, more than one third of them in the least developed countries. One third of the countries in this most vulnerable category are landlocked, and this structural deficiency is the greatest handicap to fair competition and development. All these countries have a vital stake in peace and development. In the shaping of a new global dispensation, each category of nations should have a voice and should receive fair and equal treatment. Sustainable development is not only an economic or ecological phenomenon; it also involves participatory governance, empowerment of women and promotion of equity and justice. In a developing country such as Nepal, the role and participation of women in the development process are of great significance because of the multiple responsibilities of women. In this context, the role of the United Nations system in enhancing the participation of women in national development and in creating awareness of the issues relating to women is laudable. On our march towards a democratic and just society, we face many challenges, such as pervasive poverty, mass illiteracy, environmental degradation, population explosion and, above all, gender inequality. We believe that many problems related to economic development can be more effectively tackled through regional and subregional cooperation among nations. Tremendous opportunities are 5 available for subregional cooperation in our part of the world among the countries in the Ganga-Brahmaputra- Meghna basin. These opportunities include water resources development, flood control, energy supply, forestry management and environmental protection, among other things. Development efforts in water resources, for example, would help irrigate the fertile fields in the plains of India, improve the waterways so vital for the transportation sector of Bangladesh and generate hydropower in Nepal to meet the energy needs of the region as a whole. Such a development strategy may be the key to the future prosperity of the region. Nearly a quarter of the world?s population continues to live in extreme poverty. This is largely because our approach to development, in which the State plays an overwhelming role, has given rise to inefficiency and corruption, and our reliance on unregulated market forces has led to an increase in inequality across the world. We believe there is a need for a third alternative in which the human being is at the centre, not the State or market forces; the human being with faith, values, emotions; the human being with dreams and aspirations as a citizen, as a member of family and as an economic being. This approach takes into account all the dimensions of the human being and society. Changing economic relationships and structure alone is not enough. The individual also has to change. We believe that this is what we should be pursuing in the twenty-first century. I bring the greetings and good wishes of the Government and the people of Nepal to the Secretary- General, Mr. Kofi Annan. In a comparatively short period of time, he has proved his dedication to the task of modernizing our Organization and his great diplomatic talent and statesmanship in defusing situations posing a real threat to international peace and security. In the process of reform which he has started with his far-reaching package of proposals, he can count on Nepal?s support. Reform by its very nature is a continuing process. The United Nations and its principal organs, such as the Security Council, must adapt to the dynamics of change. However, we, the Member States, have so far failed to arrive at a general agreement to improve the composition and functioning of the Security Council to better reflect the reality of a vastly expanded membership of the Organization. The recently concluded summit of the Non- Aligned Movement in South Africa reaffirmed the collective position of non-aligned countries in this regard. No scheme of reform, however, should undermine the power and authority of the General Assembly, which is the nearest thing to a world parliament. All the leaders of Nepal who have addressed the Assembly have underscored the role and authority of this most democratic and representative organ where each of us has a voice and vote equal to that of a great Power, on any questions or any matters within the scope of the Charter of the Organization. Sound and secure financing is the basis for good management of the Organization. We believe that all Member States must fulfil their obligations to make full and timely payment of their dues. In its primary role in the maintenance of international peace and security, peacekeeping has been and will remain one of the indispensable tools of the United Nations. As a troop-contributing country, we are happy to commemorate 50 years of United Nations peacekeeping. Over these years, Nepal has contributed more than 32,000 troops and military and civilian police monitors to various peacekeeping missions of the United Nations around the globe. Many of them have lost lives or limbs in the cause of peace. Nepal has signed a stand- by system agreement with the United Nations. We are committed to deploying up to 2,000 troops, including medical and engineering units, military observers and headquarters staff, and 200 police monitors available to be called at any time by the United Nations, even on short notice. The recent nuclear tests in South Asia, which came as a disturbing development, have nevertheless reinforced our commitment to speeding up the time-bound nuclear disarmament process. We welcome the declarations made by the Prime Ministers of India and Pakistan in this Hall last week to facilitate the entry into force of the Comprehensive Nuclear-Test-Ban Treaty. My delegation is happy to note that the Secretary- General has recognized that the United Nations Regional Centre for Peace and Disarmament in Asia and the Pacific, known as the Kathmandu Centre, has provided a valuable forum for meetings on regional confidence and security-building measures. As host to the Centre, Nepal would urge Member States of the Asia-Pacific region to increasingly avail themselves of the services of the Centre. Problems related to drug abuse and terrorism defy territorial barriers. As the Prime Minister of Nepal, 6 Mr. Girija Prasad Koirala, stated at the Durban summit at the beginning of this month, they add to the intricacies of complex regional and global relations. The terrorist bombings in Kenya and Tanzania deserve universal condemnation. These bombings and the subsequent missile strikes came as a shock, reinforcing our belief that concerted international efforts are essential in this regard. Let me conclude by briefly mentioning the South Asian Association for Regional Cooperation (SAARC), consisting of seven countries of the region representing one fifth of humanity. We are united in a common effort to improve the quality of life of all our peoples. The recent Colombo summit agreed to draw up a SAARC social charter to give further dimension to regional cooperation. The seven SAARC countries also finalized a text of a regional convention on combatting the crime of trafficking in women and children for prostitution. The convention will be signed in Kathmandu at the next SAARC summit. This will be another landmark in regional cooperation in South Asia.