Generations move on. But the institutions and powers created on the pretext of those alleged emergencies remain. And if for a moment we allow ourselves to believe that the lesson had been learned after so many failures, the arrival of artificial intelligence demonstrates quite something else. The printing press, the steam engine, electricity, the internet— every great technological revolution has been accompanied by fears about what it would destroy, particularly jobs. There is no doubt that this is one of the most effective ways of instilling fear in human beings, given the role of work as a means of subsistence. Take the Industrial Revolution as an example. When it began, the world was home to some 800 million human beings. If, in keeping with the Luddites and the perennial pessimists, employment had at best remained constant, then, given that the world's population has since increased more than tenfold, the global employment rate today would be at 90%. That is absurd, something that few of us few seem to have stopped to consider, perhaps except perhaps those of us with a passion for reading Borges, who love his approach for testing an idea by taking it to its logical extreme. Ultimately, these technological advances have not only failed to produce any of the catastrophes, but in addition, all of these ended up bringing an end to what human beings were able to do. Today, we have built machines that are able to carry out tasks that only a few months ago seemed out of our reach. Where we many see a threat, we see a new frontier: artificial intelligence, or superintelligence, as Donald Trump said, can double our productivity in a way that we do not yet comprehend. To invoke Adam Smith, artificial intelligence will be the pin factory of the 21st century, and much more besides. It can transform our economies, our medicine, our education, even the way we govern. That calls for prudence, yes. But prudence doesn't mean fear. Moreover, under no circumstances should fear automatically translate into obedience. Indeed, the dystopian scenarios commonly invoked to instill fear and justify state control make no sense from an economic standpoint. The answer lies with Adam Smith. Artificial intelligence, like the division of labor in the case of the pin factory, is an accelerator of productivity growth. Smith noted, however, that the division of labor is limited by the extent of the market. Growth will therefore be constrained by its counterpart in genuine demand, without fiscal deficits or spurious money creation. But that's not all. Those projects must also be financed, and that should be done with the resources of human beings. That is, their initial endowments and level of wealth, which correspond to the side of the market. Moreover, the purpose of producing more is to achieve a higher level of consumption. Yet the satisfaction generated by consumption increases at a decreasing rate, while the loss of satisfaction involved in surrendering leisure in order to produce more rises disproportionately. Consequently, the point at which the gain from greater consumption is equal to the loss of leisure brings the system to an equilibrium, leaving no room for dystopian terror. That is why, when we hear that the state should control artificial intelligence, we should remember something basic. The state is not an abstract creature. It is made up of people, officials, and bureaucrats. Granting it control over innovation means granting some people, in the best and most naive of cases, the power to limit what everyone else can create. History gives us reason to scrutinize such power carefully. For centuries, fear over tomorrow has been used as an argument for restricting freedoms today, always with the same promise: give us a part of your freedom and we will protect you from this new threat. We will apply a different principle. In the face of uncertainty, we propose determination. In the face of fear, courage. In the face of decline, ambition. And in the face of resignation, we propose optimism. That is why I tell you that when it comes to artificial intelligence, Argentina will stand at the forefront of freedom. We have the critical minerals, the energy, the talent, and the capacity to compete at every link in that value chain. And we want to become the most competitive place in the world in which to develop it, with a cutting-edge legal framework, a commitment not to regulate preemptively, a commitment not to regulate preemptively, limited liability for companies operating with AI agents, and tax incentives. Because artificial intelligence is not geopolitically neutral. The West must lead the development of this technology to ensure that it is consistent with our fundamental libertarian values, namely respect for life, liberty, private property, and the notion of human dignity.

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Excessive consumption of the few drives the emission that is currently choking our planet. Yet, delayed promises add a brutal toll on the loss of lives and the devastation of infrastructure. If we are to survive this crisis, we must act now, and act fast. Speaking of actions, my country, Ethiopia, will proudly host COP32 in November 2027. Ethiopia will help organize a vibrant and inclusive platform for the private sector and international stakeholders to pioneer tangible solutions to climate action. In this connection, I sincerely invite all world leaders to come to Ethiopia and leave their footprints at this important global climate summit. With regard to the digital revolution and artificial intelligence, Africa is compelled to ask a very defining question: will the age of the AI become another instrument of global inequality, or will it be a catalyst for our collective growth? We must ensure that the Global South leads this technological revolution, rather than remain a helpless spectator.

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We carry no larger agenda other than to ensure that the United Nations will do better. Mr. president, as we face a world in which scientists tell us overshooting the 1.5 degree temperature limit that we agreed in Paris is increasingly likely. We all need to wake up and act. Our focus now must be on preventing or minimizing the overshoot. Shortening the time we spend above 1.5, and doing everything possible to fight our way back. As we gather in Tuvalu, Fiji and Türkiye for this year's climate pre-COP and COP, our response to the threat of overshoot must be overwhelming. A much accelerated transition away from fossil fuels is the only logical response. Continued investment in fossil fuels is not only immoral but irrational. Technologies exist which provide secure, stable, zero emissions energy. We are employing them in my own country, where in the next 18 months, renewable energy will cut fossil fuel use in our remote outer islands by 88%, giving many access to electricity for the first time. We must do everything in our power to accelerate the deployment of renewables and to reduce fossil fuel production and consumption with equal speed. This includes shipping, where we have the opportunity at the International Maritime Organization to adopt binding regulations that will place international shipping on a clear path to net zero by 2050, and generate the revenue required to ensure a just and equitable transition. Mr. president, the denials and delays that have slowed the transition away from fossil fuels mean that countries like mine are already experiencing grave challenges. We have developed our national adaptation Plan, working across ministries and with our people to determine how to make a safe future. Adapting is costly and takes time. Even as we've seen schools destroyed by rising seas, salt water poisoning our wells, and disease outbreaks linked to environmental change. This injustice must be addressed. Our communities deserve restitution. The Marshall Islands and vulnerable people everywhere need sufficient, timely and accessible finance for adaptation and loss and damage. Those who have profited to the detriment of the many must pay. We have created homegrown institutions that are ready and willing to respond, like the Pacific Resilience Facility, a regionally managed platform, and the Marshall Islands Adaptation and Resilience Trust Fund, designed to enable donors to support our adaptation efforts. Mr. president, the crisis has the power to divide us or to prove that we all remain willing to achieve common goals. This week, the Marshall Islands convened the High Ambition Coalition, a diverse group of countries committed to a rigorous response to the climate crisis. We are united in the view that the best available science must lead the decisions we make, the importance of a 1.5°C temperature limit, an urgent transition away from fossil fuels, and the need for adequate and accessible climate finance, especially for adaptation and loss and damage.

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Mr. president, as we work to correct the imbalances inherited from the last century, we must not allow them to be reproduced in the future. Artificial intelligence opens boundless horizons for growth, knowledge, innovation and improved services. Yet it may also create a vast new divide and power linked to computing capacity, data models skills and financing. Therefore managing this transformation requires the establishment of governance frameworks for artificial intelligence and emerging technologies on the basis that technology is a global public benefit and not an exclusive privilege enjoyed by a limited number of states or corporations. Egypt supports the role of the United Nations and a global dialogue to develop principles that balance innovation and responsibility, protect privacy, guarantee transparency, accountability, non-discrimination, human oversight, respect for international law, technology and knowledge transfer, financing of digital infrastructure and skills development. This would enable developing countries to become producers and developers of technology, rather than merely being markets for its consumption. Artificial intelligence should also reflect the linguistic and cultural diversity of the world Arab and African languages and communities should receive fair representation and data and models. Egypt has launched the second edition of its National Artificial Intelligence Strategy 2025 2030, grounded in its firm conviction that the safe and responsible use of technology and the development of national capacities are inseparable requirements. The same principle governs the green transition. There can be no just transition if ambition is dissociated from fair implementation.

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The test of equality does not end with the institutions that govern peace. It extends to the institutions that shape prosperity. The same question confronts us there: Does the international financial system give every nation a fair opportunity to secure the well-being of its citizens? The charter did not conceive development as charity. It pledged social progress, better standards of life, and economic and social advancement for all people. Yet, for too many countries, the resources required to fulfill that promise are being consumed before they can reach their people. Global public debt reached a record $102 trillion in 2024. Developing countries accounted for less than a third of that debt, yet paid about a trillion dollars in interest on debt in that year alone. Put it differently: 46 developing countries now spend more on interest on debt than on classrooms and medicine. Behind these numbers lies a simple reality. The hospital competes with a creditor. The classroom competes with debt service. And too often, the creditor. Debt service is paid fast. And it is our children who inherit the consequences. Today, 251 million children and young people remain out of school. Millions more enter classrooms without teachers, books, meals, and facilities they need to learn. When debt service displaces investment in education, we are not merely balancing budgets. We are transferring the cost of today's financial burden to the next generation of citizens. Kenya has chosen to invest in the next generation. Over the last four years, we have spent an additional $5.3 billion in education, recruited 100,000 additional teachers, built more than 23,000 new classrooms, and we are developing another 1,600 laboratories while expanding support for universities and technical institutions. We do this because education is not consumption. It is the infrastructure of opportunity, productivity, and national transformation that supports global advancement. But national effort can only go so far when the international financial system makes development more expensive. The countries that most need capital frequently pay the highest price to obtain it. Developing countries have recently borrowed at rates two to four times higher on average than developed nations. The question, therefore, is not simply whether finance is available. It is who can access it, at what price, for how long, and under whose assessment of risk. Africa knows the cost of that assessment. Sovereign credit rating shapes perceptions of risk. The interest countries pay, and even the volume of finance available to them. UNDP estimates that subjectivities in credit ratings have cost African countries approximately $75 billion through excessive interest and foregone lending. Risk, ladies and gentlemen, must be measured, but it must also be measured fairly. We cannot build a fair global economy if the nations with the greatest development needs face the highest cost of development finance. A road that is commercially viable should not become unviable merely because it crosses an African border. A power project should not cost more simply because of the passport of the country it is building. Capital must price risk. It must not price prejudice. Reform of the international financial architecture must therefore begin with the cost and availability of capital. The UN charter envisaged multilateral development banks that lend more, lend longer, and mobilize private capital at scale. It further contemplated guarantees and risk-sharing instruments that reduce the cost of viable investments. And we need greater access to long-term and local currency finance so that countries are not forced to build long-term infrastructure with short-term expensive money. And by the way, this is not an argument against responsibility. Governments must also do their part to manage debt prudently, strengthen institutions, prepare pipelines of credible projects, deepen domestic capital markets, honor contracts, and confront corruption without equivocation. A fairer international system requires responsibility on both sides. Reform abroad cannot substitute for accountability at home. Distinguished delegates, Africa does not come to plead. We come with a proposal.

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Another threat as serious as climate change is the spread of a culture of waste, fuelled by an incredible desire for consumption. Every year, 5.8 trillion plates or servings of food end up in the garbage bin worldwide, meaning that more than 2 billion tonnes of food are being wasted. We cannot speak of justice in a world where tons of food are thrown into the garbage on one side, while hundreds of millions of people collect food from garbage containers on the other. As Turkey, we are ready to make every possible contribution both to preventing waste and to ensuring global food security. So with this understanding in mind, we have nominated Doctor Mehmet Mehdi Eker for the position of Director General of the Food and Agriculture Organization of the UN. I am confident that you will not withhold your support for our candidate. Now, it is also worth noting the following. As our world changes fast, humanity has concurrently begun to face new social threats.

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