First, I congratulate Mr. Miguel d’Escoto Brockmann on his election to the presidency of the Assembly at its sixty- third session. I wish him a successful presidency. I also 08-51839 36 salute Secretary-General Ban Ki-moon and express my highest regard for his commitment to peace, dialogue and prosperity for all. The world grows in complexity, with its multiple challenges and numerous risks and uncertainties. This calls for increased multilateralism, more collective responsibility and greater cooperation. In short, it demands and expects more and better from the United Nations. The world is undergoing a profound and multifaceted crisis in the financial, energy, food and environmental areas. Indeed, we face an environment fraught with uncertainty in the short and long term, underscored by financial instability, foreign exchange volatility, escalating oil and food prices and a globally troubled world economy. There is risk to our economic, human, political and military security — in other words, our general and collective security. On the one hand, organized transnational crime and terrorism threaten international order and the rule of law. On the other hand, the effects of global warming and climate change, as well as the risks imposed by their worsening, are real facts that confront world leaders and institutions. World peace remains out of reach. Areas of armed conflict still exist. Indeed, they resurge repeatedly or persist at low intensity. In the meantime, new sources of tension arise in many places. However, I believe we agree that war is not the best way to overcome these challenges. We also have failed to build security and trust among all and for all, large and small, rich and poor. Without security, without social stability, without political and institutional cohesion, and above all without mutual trust between the international political actors, it is difficult to further the premises that may contribute to ensuring a solution to major global problems, resolving our main challenges, overcoming extreme poverty and the most pervasive endemic diseases, as well as moving past current global social and economic imbalances. With the adoption of the Millennium Development Goals the international community expressly undertook to contribute to overcoming this unsustainable situation. I therefore urge the Assembly to work towards the preservation of an international environment favourable to the achievement of the commitment that we undertook — the social and economic growth of the poorest countries, the eradication of extreme poverty, the consolidation of peace, dialogue and international cooperation towards international balance, the defence of life and the planet’s future. The current financial crisis is underscored by the instability of the financial markets and the volatility in the movement of capital, which put our worldwide economic stability at risk. We must retain the global financial architecture. It seems necessary for us to agree on new forms of financial regulation that are effective, trustworthy and acceptable to all. The food crisis has placed hundreds of millions of people in a precarious situation. It is clear that urgent action is required to ensure increased agricultural production capable of meeting current and future needs. That requires the promotion of agricultural policies consistent with the demands of the situation, the partnership of the rich and technologically more advanced countries and technical assistance from international organizations; it means that attention must be given to modernizing and increasing agricultural production and productivity in the affected countries and regions. I think specifically of my country and the African continent. Escalating oil prices have created serious problems for the economies of the least developed and non-producing countries. I ask, why not consider forms of compensation for the poorest and most affected nations in view of the enormous financial surpluses that have been accumulated? Admittedly, such an act of justice and solidarity would not be enough. We must therefore act individually and collectively and continue to promote energy alternatives and energy efficiency, as well as encourage reduced dependence on fossil fuels. Urgent and global measures are required to overcome the serious environmental crisis and to develop innovative and safe options for the future of humanity. That is the challenge that we must take up for the sake of the future and that we must overcome for the benefit of all. We surely agree that humanity is at a decisive moment in history that clearly runs counter to the paradigms of its recent past — a time when a new world is painfully coming into being. Recent experiences show that no single nation can in isolation solve the great challenges and global 37 08-51839 problems which the world faces. However, our universal institution does present the essential conditions and the required collective responsibility for such an endeavour. Therefore, it is incumbent on the United Nations to shoulder the tremendous mission of promoting more effective world governance. However, to perform such a role, which is now more complex than ever, the United Nations is called upon to adapt itself to the challenges of the twenty-first century, to express the major shaping forces of the contemporary world and to ensure and convey confidence to all of its Member States. Accordingly, the United Nations system must be reformed and improved and, above all, the representativeness and legitimacy of the Security Council must be urgently expanded and strengthened. Thirty-five years ago, on 4 September 1973, the Republic of Guinea-Bissau acceded to national sovereignty. I salute the delegation of Guinea-Bissau in this room. It is our firm conviction that our brother nation will be able to overcome all the difficulties currently facing it and to consolidate the foundations of its stability under the rule of law. Allow me also to welcome the recent legislative elections in Angola and to congratulate the people and authorities of Angola for the responsible and transparent manner in which those important elections were conducted. I would further like to welcome the political agreements that led to the end of the political crisis in Zimbabwe. That is a testament to the emancipation of our continent and to its aspiration to progress, and thus helps to usher in the new era and the new world that we so eagerly desire.