My delegation, Sir, is delighted at seeing you presiding over this session of the General Assembly. We also wish to state the high esteem in which we hold the past President, Mr. Julian Hunte, of Saint Lucia, and for Secretary-General Kofi Annan. The Seychelles, a small island country, is defined by the fact that it belongs to two regions — the Indian Ocean and the African continent — and by the fact that it belongs to several linguistic and cultural areas. Today we wish to be an example of cohabitation of man and nature and an example of unity and cohesion with our people. These two objectives are at the heart of our development plans. In April of this year, Mr. James Michel succeeded Mr. Albert Rene in the presidency of the Republic through a calm and proper political transition. The new President defends the same development philosophy, taking into account, of course, changes on the world scene, and the economic needs that are inherent in starting a new phase of our development. Thus, the President has assessed our difficulties and the options available to us in different areas of our economy, such as the balance of payments, the debt burden, access under reasonable terms to capital — and in this context we are a middle-income country — access to markets, and so forth. Together with the Bretton Woods institutions and our other customary partners, we have committed ourselves to a progressive programme of adjustment and of giving new dynamics to our economy. Of course, we are progressing at our own pace, because we remain a vulnerable economy, since we are a small island country, isolated from markets. I would like to say a few words about the Seychelles’ commitment to the international community. First of all, on the question of security, the fight against terrorism, money laundering and drug trafficking are, in the Seychelles, subjects of prevention and deterrence. We are taking action to tackle the causes, the methods and the effects of these criminal actions. The Seychelles has ratified all international conventions on drug trafficking, and we support all United Nations resolutions on the prevention and suppression of the financing of terrorist acts. We support the recommendations of the Financial Action Task Force on Money Laundering (FATF) and the requirements of the Organization for Economic Cooperation and Development (OECD) and the International Monetary Fund (IMF). 2 We have enacted a law this year on the prevention of terrorism, and at the present time we are revising existing legislation on financial institutions and on money laundering. I might add that our offshore sector is also being monitored in the framework of the implementation of a law on the provision of services which was promulgated last year. We are fully committed to the fight for security and stability. However, it is being done in difficult conditions, because the very questionable criterion of gross domestic product per capita blocks our access to most development assistance programmes. A small and vulnerable State always attaches more importance to recognition of its own identity and the defence of its stability. We, therefore, unreservedly support the principles and objectives of global peace, security and development that are embodied by the United Nations. We want the Organization to remain extremely active in its initiatives to restore peace, particularly in the Middle East and in Africa, to all areas where conflicts today have become chronic and are steadily worsening. We hope that the reorganization of the United Nations, which is now under way, will make it possible for it to be repositioned, on the basis of concrete actions and follow-up and monitoring mechanisms. We believe that the Security Council must be open to more permanent and non-permanent members, so that the developed and developing countries of Africa, Asia and Latin America can contribute to the Council’s dynamics. More than ever, a genuine North-South dialogue is essential to resolve conflicts and to seek shared solutions to shared problems posed by AIDS, poverty, debt and terrorism — all threats that require a joint response and shared responsibilities. This dialogue requires new ethics and a new approach to development, which revitalizes international relations and corrects injustices. It is particularly important to deal with the roots of the debt problem and to adopt energetic measures in order to assist those States whose development is stymied by this burden. We welcome the exchanges between the Group of Eight and the developing countries. This is a negotiating platform that should have brought about concrete action and implementation of the recommendations of the Millennium Summit, and those of Monterrey, Johannesburg and Doha. It is particularly important that the allocation by the developed countries of 0.7 per cent of their gross national product to international development should be seen and accepted as a realistic and fair objective. We expect the meeting to be held in Mauritius at the beginning of 2005, ten years after the adoption of the Barbados Programme of Action, to produce an uncompromising assessment of the Programme’s implementation and to adopt operational measures and mechanisms. We are counting on the active commitment of our partners for that assessment and its follow-up. Support and commitment should be expressed in the area of international trade through equitable treatment towards developing countries that have structural weaknesses, such as small island developing States. Such arrangements must take into account the delicate issues of access to markets and trade relations. The goal is to prevent our countries from becoming further marginalized in a system that claims to be in the interest of all. That is why we invite the World Trade Organization to adopt an approach to development that is consistent with the developments of recent years. I am referring to the launch of the Doha round, devoted explicitly to development, and to the assertion of an African voice on sensitive issues such as commodities and raw materials. The new trade relations must also enable developing countries to continue to acquire the means to be more competitive. Another urgent matter for us, the countries most vulnerable to the consequences of global warming, is the ratification by all developed countries of the Kyoto Protocol. It is the only instrument capable of acting effectively with respect to a danger of concern to all. We believe that a special fund should be established in the United Nations to help fragile economies confront losses, including loss of income, caused by climate change. I reaffirm the importance we attach to the New Partnership for Africa’s Development (NEPAD) because it is one of the best tools for enabling African countries to manage their own development. We appreciate the commitment of the Group of Eight in this regard through its African Action Plan, and it is our heartfelt hope that NEPAD’s development agenda will comprehensively address the specific needs of the eight African island States. 3 All these questions are of capital importance today. We hope that the British presidency of the Group of Eight in 2005 and the United Nations summit to review the Millennium Development Goals, also scheduled for 2005, will work a very clear rebalancing in favour of our countries. Seychelles reaffirms its support for the General Assembly, and we thank you, Mr. President, for your personal action. We also thank Secretary-General Kofi Annan. My country is an advocate of the cause of development, which is a fundamental right. That right entails the obligation of political solidarity in the most active sense of the term.