We convey our warmest congratulations to the renowned Libyan diplomat Mr. Ali Treki on his recent election to preside over the General Assembly at this sixty-fourth session, as well as for his call for a dialogue among civilizations, for interreligious understanding, for the promotion for peace and security and for closing the divide between rich and poor. Exactly one year ago, when we were taking stock of progress made towards meeting the Millennium Development Goals at the midterm point, something unexpected occurred: the collapse of some of the most emblematic investment banks, and with that the worsening of the global financial crisis. Before this crisis occurred, however, the world, in particular the developing countries, was already affected by the impact of two other crises that had begun simultaneously: the crisis involving oil prices and that involving food prices. As a result of the first of these crises, that is, the oil crisis, vigorous and intense social protest broke out in various parts of the world. Suddenly, all products became more expensive. Governments were forced to use their currency reserves to pay their oil bills and were forced to allocate subsidies for the sake of maintaining civic peace and democratic governance. When it comes to the second crisis, the food crisis, the Food and Agriculture Organization of the United Nations established that as a result of the food crisis, the number of people suffering from hunger worldwide rose by 150 million, which meant that for the first time in human history the total figure exceeded the number of 1 billion human beings. Before these two crises broke out, the World Bank had already indicated that in order to meet the Millennium Development Goals in the remaining seven years — that is, between 2008 and 2015 — $250 billion were still needed, or $50 billion every year. Obviously, with the outbreak of these crises, which gravely affected the economies of developing countries, the resources needed to meet the objectives that had been set to cut by half the level of poverty worldwide would have to be increased significantly above the projected figures established by the World Bank. As one can see, the situation last year was already bleak at the time of submitting for analysis and evaluation the achievements that had been made and future challenges to meet in order to achieve the Millennium Development Goals. In spite of the dark clouds that were gathering on the global economic horizon, we still felt optimistic; we held the illusion that we might meet our targets. After all, we had made continuous progress towards meeting some of the Goals. But from then on, we witnessed the deluge of the global financial crisis. Since then, the storm has been so intense that it has created a widespread state of anxiety and fear at a global scale the likes of which has not been seen in many decades. According to the Director-General of the World Health Organization, Dr. Margaret Chan, 400,000 more children and tens of thousands of women will die every year as a direct consequence of the global financial crisis. Today, while the meetings of the General Assembly of the most important global organization are being held, 25,000 children will die in various parts of the world. That is the equivalent of saying that a child will die every three seconds, or 18 children every minute. By the time I conclude my statement this afternoon — my 15 minute statement — worldwide 270 children will have died, whose early deaths could have been avoided. Throughout the course of this year, 9 million children, which is equivalent to the entire population of my country, the Dominican Republic, will have lost their lives for no reason or justification. This represents a human tragedy of epic proportions, a true catastrophe. It is morally and politically unacceptable. For that reason, it is important to call upon the General Assembly to declare a state of emergency with regard to compliance with the Millennium Development Goals. When facing the challenges to our efforts to meet the eight goals established in the year 2000 for improving the human dignity and living conditions of millions of people worldwide, it is possible to adopt different attitudes. We might consider that we have failed and that these goals can never be met; that they represent a new utopia and therefore the only path 31 09-52228 remaining is to abandon any effort to meet those goals. Clearly that would be a cowardly and irresponsible attitude — the worst possible decision. It would mean leaving all those in need of human solidarity and compassion out in the cold. A second attitude would be to reconsider the goals and then extend the timetable to fulfil them; that would seem logical and reasonable. However, that reasoning encounters one obstacle — the fact that children, the poor and the women of the world cannot wait. The only real way to ensure fulfilment of the Millennium Development Goals by the planned 2015 date, is for the General Assembly to work towards promoting true commitment among nations and governmental and non-governmental institutions to urgently assume their task to achieve economic and social development for all people affected by poverty, hunger, disease and illiteracy. It cannot be argued that the resources available to address this urgent task are insufficient. We have seen in the diligent manner used to address the collapse of the international financial system that — as the saying goes — where there is the will there is a way. Looking ahead, the first thing to be considered is that with the forecasted end of the global economic recession and the resulting gradual recovery of economic growth, we must ensure that we never again witness such a sudden and abrupt increase in oil and food prices as a result of excessive speculation and the transactions of the futures market. We issue this warning because we have been observing with concern, an increase in milk prices over the past three weeks on the international market that have risen by more than $1,000 per ton without any valid justification. We must set aside all individual interests, resistance and obstacles that stand in the way of the reform of the global financial system and the stock markets, in order to establish new mechanisms for regulation and supervision that will guarantee that no crisis such as this one will ever occur again. Because of the lack of compliance to date by the majority of developed countries with their commitments made during the Copenhagen World Summit for Social Development to contribute to the development of the poorest and most vulnerable nations and due to the prevailing situation of the global recession, we draw the attention of the General Assembly to the possibility of finding new sources of financing for the Millennium Development Goals. In that regard, we suggest the creation of a working group to carry out professional, high-quality research and submit a report containing recommendations and a plan of action geared towards establishing a fine to benefit development on capital deposited in fiscal havens, offshore banks and international financial centres. Placing financial resources in such fiscal havens means that every year we witness tax evasion in a sum equivalent to $250 billion — a figure — according to the World Bank — equal to the total sum of external aid necessary to meet the Millennium Development Goals. According to the Organization for Economic Cooperation and Development (OECD), some $7 trillion is currently deposited in tax havens which do not contribute one single cent towards fiscal income. OXFAM has indicated that more than $50 billion in fiscal income slips through the fingers of developing countries each year as a result of offshore banks and tax havens. The organization Christian Aid has also affirmed bleakly that tax evasion is responsible for the deaths of more than 5 million children between the year 2000 and 2015 — the years we set to meet the Millennium Development Goals. There are abundant resources in the world and what is happening is that they are unfairly and unequally distributed due, inter alia, to an existing global financial architecture marked by the lack of transparency, secrecy, money-laundering, evasion and fraud. Our only hope of changing the current situation of economic decline and social deterioration and the moral crisis that is shaking up the world lies in adopting brave, wise and timely decisions in this prestigious global forum. The peoples of the world are waiting for these decisions. They are aware that their right to a dignified, honourable and happy life depends upon that. We cannot let them down. We must act with justice courage, a sense of history and with a vision of the future. I cannot conclude this statement without touching upon the current prevailing situation in Honduras. The United Nations passed a resolution condemning the coup d’état which took place in this Central American nation in June of this year and called for the return of democratic order. The same attitude was adopted by the 09-52228 32 Organization of American States, the European Union, the African Union and by the League of Arab States. Despite the entire world’s condemnation of that assault on democracy, the de facto Government of Honduras has remained in power, thereby underscoring the weaknesses of the international community to take action. President José Manuel Zelaya — the sole legitimate President of Honduras, who was scheduled as the sixth speaker to take the floor in the General Assembly this afternoon — has, in a great display of personal courage and daring, preferred to return to his country. It is now to be hoped that we the representatives of the peoples gathered here at this world forum will be able to act with the same dignity, sense of responsibility and level of commitment when it comes to the supremacy of democracy, freedom and justice.