May I take this opportunity to join those who have come before me in congratulating His Excellency Mr. Joseph Deiss on his election as President of our Assembly and on his diligent stewardship of the proceedings thus far. I also thank and congratulate His Excellency Mr. Ali Abdussalam Treki for his leadership and drive at the head of the sixty-fourth session of the Assembly. We spent the first three days last week debating the progress made — or not made, as the case may be — in attaining the Millennium Development Goals (MDGs) by 2015. For many of us, there are still formidable struggles ahead. For Seychelles, while we have made huge strides forward towards meeting these Goals, we are also pedalling furiously so as not to slip back on what we have already worked hard to achieve. This brings to mind the question: Are the MDGs an end in themselves? The task does not end in 2015. It cannot end in 2015. What happens, and where are we headed after that? Those of us that are middle-income countries, and that includes many small island developing States (SIDS), already know the different set of challenges that these questions bring — questions that other countries will also have to face as they achieve and move beyond the MDGs. The debate needs to start now, as we fast approach 2015, on how countries will access the affordable financing they will need not just to move beyond the MDGs, but to ensure that they keep and do not lose what they have achieved. That is why Seychelles announced at the MDG summit that we will be engaging with the United Nations system to enter into new commitments towards setting MDG-plus targets, the overall objective being to make sustainable development a reality beyond the Millennium Development Goals and the next generation. We are all aware of the differences among us in our sizes and populations. The needs of every Member of the United Nations are different. We have learned a lot about development over the years, and today we all know that one-size-fits-all does not work. At the United Nations and other development organizations, we have created development categories to facilitate access for those most in need of the appropriate resources. Resources are always stretched, and, as we move beyond 2015, we must make sure that development categories truly facilitate development. Such categories must not become a way to punish those that succeed in development. And we must not allow small island developing States to fall through the cracks between the categories. Middle-income SIDS face special problems that the international development architecture does not currently make provision for. The funding that is available to SIDS is fragmented. There is no reliable funding to them. Even on issues where SIDS are most affected, such as climate change, there are many barriers to our ability to access funding, not least the use of gross domestic product per capita criteria to define eligibility for funding. The question that will come up increasingly as we try to answer the question of how to fund development beyond 2015 is where SIDS can go to finance their development. The answer is that we need to define a specific development category for SIDS to be used by all development partners. That is why small island developing States say “let us start at home” by requesting the Secretary- General to initiate a system-wide review of how effectively the United Nations and its various agencies 49 10-55122 are actually supporting SIDS, and how that can be improved. This could be done by an inter-agency working group that would provide concrete recommendations to this sixty-fifth session of the General Assembly as to how the United Nations system could better support the specific needs of SIDS. The world economic and financial crisis has reinforced the vulnerability of island States to external shocks. More than ever, it has illustrated that islands need as much support as possible if they are to be able to pursue development successfully. As I have already highlighted, there are gaps in the existing development system. Those gaps mean that we must be prepared to be innovative in meeting the development challenges that are looming. We welcome the efforts of several countries and of the Secretary- General to adopt new and innovative means to finance development. In Seychelles, the pressures of the food, fuel and financial crises meant that in 2008 we had to engage in wide-ranging macroeconomic reform with the support of the Bretton Woods institutions, the Asian Development Bank and our Paris Club creditors. We are most grateful to all our partners for their support. I think it is interesting to note that while we were restructuring our old debt, our economy began to grow thanks to new foreign direct investment, most of it from the developing world — the Gulf, Africa and Asia. There are many new channels for development that remain relatively unexplored and unstructured. I would like also to brief the Assembly on a groundbreaking renewable energy project being undertaken in Seychelles with the support of the United Arab Emirates Government. This project is an example of how a small island can have access to affordable financing to reduce its dependence on fossil fuels — one of the things that make islands most vulnerable. These South-South dynamics are often overlooked in the traditional dynamics of the United Nations. Often, we also waste a lot of time on ideological debates that further obscure the true objectives of development. We need to be pragmatic and we need to act. Climate change, and in particular sea-level rise, remain by far the greatest threats to small islands. Much more ambitious global action needs to be taken to significantly reduce emissions and implement adaptation in a manner that will ensure the development aspirations and survival of all countries, small islands in particular. We need to ensure that fast- start funding is also available for disbursement as quickly as possible. I must stress the concern of small islands that much of the funding available to adapt to climate change is being channelled through traditional funding channels. This means that most SIDS will miss out on funds because of our middle-income status. Climate change requires funding mechanisms that do not rely only on business as usual. We need a real fast start. For the moment, we are still stuck at the starting block. While we reflect on the governance of the United Nations, we must also spare no effort to ensure that we can be effective in resolving conflict in those areas where human suffering is at its worst. In the Horn of Africa, we remain deeply concerned about the ongoing situation in Somalia. We convey our solidarity to the Somali people and the Transitional Federal Government that is trying to restore peace and security. We fully support the efforts of the African Union, through the African Union Mission in Somalia, and of the United Nations. It is clear, however, that we must now be prepared to move beyond what we have already tried and tested. The ongoing problems associated with the situation in Somalia also continue, unfortunately, to hamper the conditions for development in the region. The threat of terrorism is rising, while the scourge of piracy continues to spread further afield, as far east as Maldives and as far south as Madagascar. Seychelles has worked hard to ensure that our maritime zones remain safe, and we thank all our partners for their support. Nonetheless, piracy has led to direct losses in our economy of over 4 per cent of gross domestic product. We welcome the new regional project on piracy being developed by the Indian Ocean Commission and the Common Market for Eastern and Southern Africa, with the support of the European Union. This project approaches the problem from several angles simultaneously as we attempt to strengthen the regional capacity for patrols and surveillance, strengthen the legal and judicial capacity of our countries, and mitigate the negative effects on our economies. I would like to thank our friends and neighbours for their support on this issue. It is an issue that depends on all countries working together, both from within the region and beyond. We must also continue to 10-55122 50 engage with the Somalia to strengthen its ability to build its own institutions. Seychelles also strongly believes that the international community must strengthen its efforts to tackle transnational crimes that are often linked to instability and insecurity, from money-laundering to people trafficking. In the Indian Ocean region, we are determined to work with all partners to ensure that we can address these issues effectively. We are all part of the United Nations because we believe that we must work together to achieve development. Development is a collaborative process. We need to strengthen this collaboration. We need to make more efforts to ensure that there is more innovative financing to fund development. We need to be more pragmatic in our approach. We know it will not be easy, but that only strengthens our resolve. We are ready to move forward together.