I would like at the outset to congratulate you, Sir, on your election to preside over the General Assembly at this session. We are confident that with your renowned skills and diplomatic experience you will guide the work of Assembly to a very successful conclusion. I assure you that you will be able to count on the full support of the delegation of Cape Verde. I would like to acknowledge the strong leadership and guidance of you predecessor, Mr. Han Seung-soo, who presided over the Assembly during a particularly difficult time, when important steps were taken to improve the efficiency of the General Assembly with view to reinforcing the role of our Organization in resolving the issues confronting the international community. Allow me also to convey a special word of appreciation to Secretary-General Kofi Annan for the wise and capable manner in which he has guided the United Nations, especially in managing the millennium agenda, which has produced particularly important results for the international community, such as the outcomes of the Monterrey and Johannesburg summits. Cape Verde welcomes the admission of the Swiss Confederation to the United Nations. We are sure that Switzerland's presence in the United Nations can only be of to benefit the Organization, given that country's valuable and renowned diplomatic experience. Likewise, we welcome the forthcoming admission of East Timor to the United Nations. At this time, I am pleased to recall that Cape Verde has always stood by the Timorese people in their struggle for self- determination and independence. That young country and its people have paid a very high price in order to have their right to existence be recognized. It is therefore a duty of the community of nations to mobilize all the support necessary to enable that young democracy to affirm itself and to make up for the decades lost to destruction and violence. The tragic events that struck vital and emblematic centres in the United States on 11 September 2001 deeply shocked the world. The whole international community mobilized itself and expressed its solidarity with the United States of America, while at the same time adopting measures adjusted to the challenges posed by international terrorism. Cape Verde was among the countries that reacted promptly to Security Council resolution 1373 (2001) and remains firmly committed to its implementation. The shockwaves of that catastrophe were felt in all latitudes and affected many different aspects of the relations between States. These are reflected adversely in lack of economic growth; in increased expenditures for defence and security and the consequent impact on the distribution of resources; and in the daily routines of citizens of every country in the world through restrictions on the mobility of people. In certain regions of the world, there is an increased risk of military confrontation that, should it occur, would have immeasurable consequences. Thus, today, the question of international security has assumed unprecedented importance in the relations between States, and the United Nations is called upon to play a decisive role in its assessment and 5 management. Diplomatic means should be privileged and pursued in the context of the Security Council. A safer world is a more just world. It is crucial that the United Nations strengthen its intervention and coordination capacities in international cooperation to promote economic and social development as the guarantee of a climate of peace and security throughout the world. It is impossible to create a climate of peace and security while more than half of the world's population remains subject to poverty, malnutrition, disease and ignorance. The international community has to strengthen its commitment to ensure that the millennium goals are achieved in time to give meaning to the lives of millions of our brothers and sisters, especially those in the least developed countries, who today look to the future without any hope. At the expense of great efforts, determination and high social cost, many of those countries have implemented the deep reforms required by their bilateral partners and international financial institutions. Regretfully, in many cases, instead of receiving increased support to consolidate the reforms, these countries are being devastated by their debt burden, public development assistance is being gradually reduced and they have yet to enjoy access to foreign private investments. The populations are, however, still waiting for the reforms to produce the promised results. It was against this backdrop that the Monterrey and Johannesburg summits prompted great expectations, but the results turned out to be relatively modest. Even so, if the consensuses reached at those summits are effectively implemented, they may constitute an important starting point for developing countries. The financial commitments announced in Monterrey and the goals set in Johannesburg in the vital sectors of water and sanitation are a contribution of particular importance to the implementation of the millennium goals. The most important thing now is that the decisions adopted actually be implemented and efforts redoubled in order to reach new consensus in the other sectors essential to the planet's sustainable development. Cape Verde recognizes the efforts that have been made by the United Nations to foster the development of the least developed countries and small island States. In this regard, we welcome the creation of the Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States, in accordance with the decisions of the Third United Nations Conference on the Least Developed Countries. Cape Verde has achieved positive results in its struggle for economic and social development. The people of my country have demonstrated an enhanced political maturity that ensures stability and peace and the normal functioning of democratic institutions. Power changes have taken place at both the local and the national levels. The most recent United Nations Human Development Report ranked Cape Verde in a privileged position on the African continent. However, in spite of significant advances made in the past 20 years at the political, social and economic levels, Cape Verde suffers from a structural imbalance between national production and domestic expenditures that has resulted in a permanent deficit in the balance of current transactions, as well as other economic imbalances. Unemployment is high and poverty affects a significant portion of the population. The country's development has been marked by advances and setbacks prompted by its natural economic vulnerability as a small island with a lack of natural resources, a weak production base and a strong dependence on external financial flows. These conditions are aggravated by the country's location in the Sahel region, which subjects it to prolonged droughts that weaken the environment. In light of all this, and given the low rainfall registered to date, we are facing the prospect of another difficult year. This has prompted the Government to adopt emergency measures to alleviate the effects of drought on the most vulnerable. To that end, we have called for the solidarity of all Capeverdeans while, at the same time, we hope to be able to rely on the active support of the international community. Poverty is another of Cape Verde's limitations and poverty reduction is one of the major challenges facing Capeverdean society. At this time, we are working in collaboration with our bilateral partners and United Nations agencies on medium- and long-term strategies to combat poverty. In the coming years, the country will have to find rapid and durable solutions in order to maintain the fundamental macroeconomic balances, further and consolidate structural reforms, expand the production 6 base and create competitive advantages for the economy at both the external and the internal levels in short, solutions leading to economic growth and a reduction of the unemployment rate. In that context, our efforts are more than ever in need of the proper partnerships and foreign private investment so that we may pursue the country's development process begun with national independence in 1975. We are pleased to note that some encouraging signs have begun to appear on our continent. There is a fresh wind blowing in Africa. This year, we saw the birth of a new continental organization, the African Union, as well as a new and original partnership, the New Partnership for Africa's Development (NEPAD). With these were also born renewed hopes for a more promising future for the African people. The globally favourable reception to these two African initiatives is a good omen for the continent. Africa thus seems to be on its way towards finding its own path by strengthening its endogenous capacities to resolve the problems inherited from colonization and conflicts often prompted by external interests. Africa seems to be on the way to finding its own path by strengthening its endogenous capacity to resolve the problems inherited from colonization and to settle conflicts often prompted by external interests. In fact, the African Union and NEPAD are based on a new foundation, as well as a new environment in our continent that is opening new prospects for peace and development. We note with satisfaction the substantial progress made in Angola, Sierra Leone and the Great Lakes region, which points to the definitive resolution of conflicts that a year ago did not seem to have a solution. In that context, we should recognize the important role of the efforts of the United Nations and the Organization for African Unity in seeking solutions to those conflicts, as well as the decisive action that some countries have taken to promote understanding between belligerent parties. We congratulate the Angolan Government and UNITA on finally having found the solution to a conflict that for many years devastated that country. The political conditions are now in place to carry out the enormous task of national reconstruction. However, the gravity of the humanitarian situation demands substantial support from the international community to help the Angolans find a rapid and suitable solution that will prevent their problems from growing. The positive signs that could predict a new era for Africa should not cause us to lose sight of the scope and the complexity of the challenges we face, which result from historical circumstances, environmental disasters and an accumulation of human errors. The most recent report of the United Nations Conference on Trade and Development on least developed countries points out that sub-Saharan Africa is poorer today than it was 20 years ago. At the same time, the evaluation of economic progress made in the past decade within the framework of the United Nations New Agenda for the Development of Africa in the 1990s is disappointing. On the other hand, the spread of pandemics, in spite of certain limited success in the fight against them, and the serious food shortages that have affected southern Africa reveal the seriousness and persistence of the problems that Africans must solve. The fact that United Nations cooperation with Africa is being strengthened is noteworthy. That is attested to by the increased attention being devoted to the continent's problems. Examples are recent Security Council meetings that have focused on the situation in the continent, the creation of an Ad Hoc Advisory Group of the Economic and Social Council on countries emerging from conflict and yesterday's General Assembly meeting devoted to NEPAD. In that context, we would also note some of the decisions stemming from the Monterrey and Johannesburg summits. It is our hope that this session of the General Assembly will make an important contribution to facing the challenges and will enable the United Nations to strengthen its role as a promoter of peace, understanding and cooperation among all people of the world.