On behalf of the delegation of the Kingdom of Cambodia, I am particularly pleased to extend, through you, Mr. Acting President, my warmest congratulations on the occasion of the election of Mr. Harri Holkeri as President of the fifty-fifth session of the General Assembly of the United Nations. May I also convey my congratulations to Mr. Theo-Ben Gurirab, President of the fifty-fourth session, for his eminent leadership and successful steering of the work of that session. Equal congratulations go to Secretary-General Kofi Annan for his admirable and untiring efforts made on behalf of peace and development in the world. I would also like to take this opportunity to welcome Tuvalu into the Organization and to convey the sincere congratulations of the Cambodian delegation. Tuvalu's presence among us will add a new credit to our Organization. The political platform for economic development, launched by the Royal Government of Cambodia since its formation in 1998, after many decades of civil war and tragedy, and in spite of enormous difficulties and obstacles, has scored good results with regular growth, thus paving the way for a solid foundation for long- term economic growth and sustainable development in Cambodia. The achievements of 1999, and of the first six months of this year, are encouraging for the future of Cambodia. The Kingdom of Cambodia, with its profound belief that the value of democracy and human rights should be in harmony with cultural peculiarities, traditions, and level of development, considers human rights to be one of the foundations of the system of government. The Royal Government of Cambodia, at present, is making great efforts towards the reinforcement of democratic pluralism and the rule of law. The recently held Millennium Summit on the role of the United Nations in the twenty-first century has, through its Millennium Declaration, defined great guidelines on this universal institution's policies and reforms, designed to overcome problems facing our planet in the third millennium. The shared reflection of our leaders is testimony to the aspirations of all peoples throughout the world for a more equitable international environment in the face of rapid globalization and its effects on the economic, social and cultural development of all nations. On the question of the Security Council, the Royal Government of Cambodia believes, as do many Member States, that it is very important for the Security Council to reflect the reality of today's world. This can be achieved by expanding the permanent and non-permanent membership of the Council to the developing countries and to those countries that have concretely contributed to sharing the burden of United Nations operations. Only through overall reform and enlargement will the Security Council be able to maintain its effectiveness and legitimacy in this new millennium. In this regard, Cambodia strongly supports Japan's and India's permanent membership in this core body of the United Nations. The Kingdom of Cambodia observes with great interest the situation in the Middle East. We urge both sides to make greater efforts in order to achieve lasting peace in this suffering region. The Kingdom of Cambodia reaffirms its total support for a fair, equitable, durable, and global settlement based on the relevant resolutions of the United Nations and on the application of the agreed-upon peace accords, so that the inalienable rights of the Palestinian people will be recognized by all. In spite of the consequences of the financial crisis in 1997 and 1998, Asia is on the road to recovery and Asia's economic growth has ever since been recorded. The thirty-third Association of Southeast Asian Nations (ASEAN) Ministerial Meeting held this past July in Bangkok bears witness once more to the exemplary solidarity between member States to integrate their economies and to further advance their multiform cooperation. The Kingdom of Cambodia is very pleased with the inter-Korean summit meeting in Pyongyang last June, which we consider as an important landmark in the relationship between the two brotherly nations, and which has enormously contributed to the maintenance of peace and stability in its region as well as in the whole world and to the peaceful reunification of Korea. (spoke in French) 25 We are witnessing, today, the growing phenomenon of globalization. There are no States that can avoid its immense impact on our daily life. However, the process of globalization is not a sufficient answer to the quest of the developing countries to reach progress and development for better living conditions of their people. It is clear that the impact of globalization benefits, primarily, States having strong economies and advanced technology, while leaving the least developed countries with little, if any, means to cope with such reality. The developing countries, especially the least developed countries, that cannot catch up with globalization's speed will be left behind. The rich countries will get richer and more developed, and the poor countries will get poorer and poorer. Therefore, the Royal Government of Cambodia calls all Member States of the United Nations to unite their efforts and resources to make sure that the benefits of globalization are expanded more equally among the international community and to maximize the positive impact of this phenomenon in order to enable the least developed countries to follow the trend of globalization. Another aspect of finance for development is the crushing burden of debt that weighs on the developing countries. Debt places a heavy burden on the development process of many developing countries. Unfortunately, the debt strategies that have been implemented so far have not proved capable of solving this problem. The Royal Government of Cambodia appreciates the initiative taken by some nations in agreeing to solve the intolerable debt burden of the least developed countries. However, the results are currently far from being sufficient. That is why we appeal for these initiatives to be adopted by some other members of the international community, enabling more poor countries to benefit from these human and just actions. Cambodia sincerely hopes that the Millennium Summit, which has just successfully concluded, will bring about the imperative reform of the United Nations. The reform of this important world body will positively respond to the reality of the world today, and would be able, I hope, to establish a new mechanism to save the developing countries from becoming victims of globalization, even as other countries derive greater and greater benefit. In this context, as the United Nations has been called upon by the Millennium Summit to play a more decisive role in ensuring that the development of nations is more equitable, it is necessary that this world institution possess the means to support its actions. Also, it is an imperative requirement to establish a new mechanism of relations between the United Nations and the international financial institution. Moreover, it is necessary to have a new order of international relations in view of the rapid phenomenon of globalization, so as to reduce the ever-increasing unjust gap between the rich and poor countries. I am convinced that this is not a matter of generosity, but a matter of human security, as well as the security of the entire international community.