I would like to congratulate you, Sir, on your assumption of the presidency of the current session of the General Assembly. May I also express our deep appreciation to Mr. Jean Ping for so ably guiding the work of the General Assembly during its fifty-ninth session. I am honoured to address the General Assembly today in my capacity as Chairman of the Group of 77 and China. Five years ago, I was among the leaders of nations, rich and poor, who met here under the auspices of the United Nations and made a compact to rid the world of the most dehumanizing conditions afflicting a 24 large portion of humankind. That was a solemn pledge made by us to the most disadvantaged peoples of our world — the poor, the hungry, the illiterate, the homeless, the sick — to infants, mothers and the unborn, as well as to nature, which must sustain the existence of the whole human race. This year’s Human Development Report of the United Nations Development Programme (UNDP) reveals that one fifth of humanity survives on less than $1 per day, and that 2.5 billion people fail to earn $2 daily. The recently concluded High-level Plenary Meeting has revealed that we have made slight progress, more so in a few regions, to meet some of the Millennium Development Goals (MDGs). But we are nowhere on track to achieving the promises of any of the major development-oriented United Nations conferences or summits held since the adoption of the MDGs. Progress has been uneven. At the current pace, some regions and countries will miss several of the MDGs by decades. In certain areas, such as the elimination of hunger, we could be centuries away. We are likely to miss global targets in the areas of infant and maternal mortality, HIV/AIDS, tuberculosis, malaria and other infectious diseases and environmental sustainability. Limited financial resources, debt, restricted asymmetrical trade opportunities and HIV/AIDS have been identified as major inhibiting factors. Beyond those constraints, during the past five years many developing countries have suffered devastating natural disasters, which have disrupted economic growth, damaged production, destroyed infrastructure and dislocated populations, causing economic losses that amount to years of gross domestic product (GDP). Development goals and targets cannot be met within the time frames without a massive addition of resources, both financial and technical. No one can remain safe and secure, or even content, while living in an oasis of wealth surrounded by a desert of poverty. Not to be forgotten is the unfulfilled agenda of gender equity. The empowerment of women must be a vital ingredient in all our social and economic programmes. We agreed at Monterrey on a comprehensive approach to mobilize the financing needed for real global development that specified the contributions required from developing and developed countries alike. Our review has revealed that, as a group, developing countries have delivered on their commitments. Most have achieved a level of economic growth and have increased domestic resources and foreign-exchange reserves. There has been a strengthened focus on South/South cooperation, which has seen trade among developing countries growing faster than their total export trade and an increasing flow of investment. At the second South-South Summit, held in Qatar in June, we agreed on a major programme of South/South cooperation that is already having results. I shall cite just two examples. First, the Governments of Qatar, China and India pledged donations at the Summit to launch a South fund for development and humanitarian assistance. Secondly, last week at Montego Bay, Jamaica, the President of the Bolivarian Republic of Venezuela signed, with several Caribbean Governments, the Petrocaribe Energy Cooperation Agreement to enhance energy security, facilitate socio- economic development and advance regional economic integration in the Caribbean. This is a most positive initiative at a time of high and volatile energy prices and insecure supplies. From our partners in the developed world there has been a gradual recovery of private foreign direct investment and in the provision of official development assistance (ODA). We welcome the increase in debt relief, including debt cancellation, for many of the most highly indebted poor countries, as well as the renewed focus on Africa and on HIV/AIDS. However, the review has also revealed some trends that are cause for anxiety, and therefore worthy of our attention. First, a significant part of the resources mobilized by developing countries has been used to finance debt-servicing payments to multilateral development banks and to increase foreign-exchange reserves held in developed countries. That has led to net transfers to developed countries every year since 1998. Secondly, foreign direct investment has been concentrated in, and is becoming almost confined to, the larger, faster-growing developing countries. Thirdly, the increase in ODA since 2000 has largely been the result of resources targeted for emergency assistance, debt relief and technical assistance. Together they accounted for 50 cents of every aid dollar in 2004. Fourthly, debt relief has been limited to those highly indebted poor countries which have satisfied International Monetary Fund (IMF) conditions for disbursements. Fifthly, the terms of trade continue 25 to work against commodity- and preference-dependent developing countries. And sixthly, the sudden erosion of trade preferences has created significant economic hardships for many developing countries without the resources or time to diversify their export base. The net result is that there have been insufficient new resources available to the vast majority of developing countries to invest in meeting long-term development goals. Policy space for developing countries to act effectively and the timing and quality of the resource flows are also very important. In this regard, the Group of 77 and China calls for the elimination of aid conditionalities which restrict the policy options for developing countries and thereby the real effectiveness of development cooperation. Further, we stress the need to cease the use of unilateral coercive measures against developing countries. It is wrong to apply the weight of economic power to pressure developing countries for political purposes. This causes severe hardships and jeopardizes development efforts, including the achievement of the Millennium Development Goals. There are developing countries which face peculiar, if not unique, development challenges. The Group of 77 and China has consistently argued that Africa, the least developed countries, the landlocked developing countries and the small island developing States face special and tremendous challenges. These are magnified in a globalized, liberalized and competitive international economic environment and with the increasing incidence of more devastating natural disasters. The arguments are gaining acceptance. There are now internationally agreed programmes for the last three named groups and an emerging consensus for a special programme for Africa under African leadership. The special programmes for these groups of countries were reaffirmed at our High-level Plenary Meeting. We now need to implement them with urgency. We have long recognized that export trade is the most sustainable source of resources for development as well as the best stimulant to investment and employment. The current international trading rules and systems are heavily stacked against developing countries. We must resolve to transform international trade into an engine of growth. The policies, rules and modalities of global trade must have development focus. Why have we failed so miserably to fulfil the Doha mandate for a development round? We sent only the feeblest of messages from the High-level Plenary Meeting to our trade ministers, but unless they are given firm instructions to afford special and differential treatment to developing countries, the December Ministerial Conference of the World Trade Organization (WTO) in Hong Kong will, like those held in Seattle and Cancun, yield a dismal collapse. We agreed in Monterrey that it was necessary to reform the international economic system and make it more coherent and supportive of the development policies of Member States. We also agreed that it was necessary to increase the voice and participation of developing countries in the international financial and trade institutions. Yet nothing has happened. We cannot allow the Bretton Woods institutions to remain forever impervious to our calls. To attain the agreed development objectives, there must be a renunciation of the ill-conceived policies imposed on a number of developing countries under structural adjustment programmes begun three decades ago. We might dispute the causes and the sharing of responsibility, but no longer do we dispute the awesome reality of climate change. The evidence that climate change poses a long-term challenge to every part of the globe is irrefutable. Developing countries have maintained that climate change and other unsustainable pressures on our environment demand urgent attention. Developed countries must take the lead in changing production and consumption patterns: in an approach to the development and transfer of environmentally sound technology to developing countries on a preferential basis; in their level of commitment and support to fight against desertification and land degradation; and in the resources to be devoted to the management of waste and in the change towards the promotion of a culture of recycling. We must keep on pressing for the development and adoption of strategies that mitigate, and build resilience to, the impact of climate change. I have spoken thus far on development issues. But these are closely related to other critical areas of the international agenda. One such area is disarmament and arms control, which is in danger of becoming a neglected and forgotten goal of the United Nations. The link between disarmament and development is even more relevant today. The figures are indeed 26 startling. Roughly $1 trillion is now spent annually on weapons and military equipment of all kinds, consuming a massive share of the world’s resources. If such resources were channelled into development, the world would not only be more prosperous, it would be much safer and more secure. Our concern is not just about nuclear weapons. It is also about the proliferation of guns of every description, which endangers the lives of ordinary citizens, undermines the rule of law and threatens social stability. Those who manufacture such weapons must exercise greater control and support anti- proliferation efforts. The United Nations was established 60 years ago to bring peace and security to the world, and also to play a major role in promoting development. The United Nations must not allow, as has appeared to be the case in recent years, any part of its mandate to be usurped. The Bretton Woods institutions and the General Agreement on Tariffs and Trade, now the World Trade Organization, have taken dominant positions on policies in areas of their specialization. These policies, however, have far-ranging implications across the economic, social and environmental spectrum. There is a glaring gap in overall international development policymaking, and in the capacity to secure coherence across the development, finance, trade and technology areas. With renewed priority to development and the Millennium Development Goals, United Nations reform should empower the Organization by providing the resources and a clear mandate to do at least three things. First, it should ensure system-wide coherence, including with the Bretton Woods institutions and the WTO, in respect to the policies and operational activities which impact the achievement of the agreed development goals. Secondly, it should bring the resources of the development-oriented arms of the United Nations system to focus on development priorities that have been identified by Member States. And, thirdly, it should promote dialogue and partnership, review trends, particularly in resource mobilization, and implement measures to ensure that the Development Goals can be met within the agreed time frames. These should be the responsibility of a revitalized Economic and Social Council. The future of generations to come rests not so much on the vigour of our debate and the declarations at the sixtieth session of the General Assembly, but on the action we take, commencing right here in New York, to make the United Nations stronger and more effective. All our citizens are demanding that collectively we emerge with a clear vision, that we display the courage and unrelenting commitment to build a world of peace, justice and equity, which we can inhabit together in true harmony. They are convinced that it is within our power to rid the only planet where human life prevails of hunger, ignorance, disease and strife. They believe we can provide shelter to the homeless and eradicate poverty everywhere; that once we have the political will and determination, we can prevent genocide and combat terrorism; that irrespective of gender, race, colour or religious creed, we can ensure for every person the inalienable right of human dignity. Let us spare no effort to build a single world free from want and fear, free from exploitation and oppression: a mother Earth where justice, liberty, prosperity and the wisdom of creative minds prevail in abundance. Let us here resolve to build one world in which every man, woman and child can realize the true purpose of life and enjoy its fulfilment. Let us determine that the time for action is now and sound the trumpet of hope for all mankind.