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Whatever this assembly intends to deliver, it will be delivered through partnership and cooperation, or not at all. So I extend an invitation to the members of this assembly. Invest in our people, invest in our economy that rests on more than a handful of arrangements. Invest in institutions that will outlast my government and the next, invest in the infrastructure, connectivity and opportunities that distance has too often denied us. What Naoero offers this assembly is not dependence, but participation, not expectation, but contribution, not a beneficiary, but a partner. Invest with us, not simply in us.
They were saved by the institutions that resisted, and the Honduran people that decided, at the polls, with their vote, decided to change the course of the country. And we—it's not just us saying that— international observers bore witness to elections that were flawless in terms of their conduct, flawless despite the challenging context. This was an effort waged by brave men and women, and we also enjoyed the support of international democracies who accompanied us in our attempts to rescue and restore our country's greatness. As we began our work, we found ourselves faced with a people who never lost their dignity, neither did they lose hope. Today we are strengthening our institutions and our multi-party democracy. Mr. President, since the very first day in office, we decided to govern differently, with deeds. We are reducing expenditure so that we can invest in health care, education, infrastructure, and security. We're doing all of that whilst guaranteeing macroeconomic stability and with— and guaranteeing a great deal of fiscal responsibility.
Mr. President, Africa has the youngest population on Earth. That is an extraordinary asset if we invest in it. But what is a demographic dividend today can become a demographic crisis tomorrow if opportunity does not keep pace with aspiration. Youth unemployment remains one of the most urgent challenges of our time. Managing it is a shared responsibility. Botswana calls upon the United Nations Development Programme, the International Labour Organization, and all relevant multilateral institutions to make technology transfer, skills development, and capacity building funded priorities. As we will all agree, the credibility of our multilateral commitments will be properly tested in development finance. When countries have the means to invest in their people, and when international institutions respond effectively to shared threats, trust is strengthened. But when commitments remain out of reach for those who need them most, confidence in the system weakens. Getting these fundamentals right is central to restoring trust, managing transformation, and building a United Nations that delivers for all. The global financial architecture must therefore evolve to reflect the economic realities of the 21st century, including financing demands created by climate change, technological transformation, and the imperative for sustainable development. Developing countries frequently face borrowing costs several times higher than those of wealthier nations because the system was not designed with the circumstances of the Global South in mind. That sustainability is a question of development and fairness. When nations spend more to service debt than invest in education, job creation, or provision of healthcare, trust in the system erodes. Botswana calls upon this assembly and the international financial institutions to pursue reform of global financial governance. This would give developing countries a meaningful voice and provide fair and predictable access to concessional finance. We call upon the United Nations and its financial partners to mobilize private capital through innovative and blended financing agreements that de-risk productive investment in developing economies. This is enlightened fairness and sound economics. Capital should help create opportunity where its impact can be felt. Mr. President, health is where the promise of international solidarity is tested most directly, and Botswana speaks from hard-earned experience.
Within the framework of the National Development Plan 2025-2044, Mozambique is committed to transforming its potential into shared prosperity for the people through the valorization of resources and investing in human capital, especially in the youth and women, which are the majority. We also want to increase value to natural resources. We also want to modernize our agriculture, promote industrialization, develop tourism, expand access to energy, invest in infrastructures, education, health, science and technology, digitalization, and in the economy in general. Natural resources should contribute to the economic diversification of our economy, the mobilization of income, and investment in our biggest asset, which is the talent of the Mozambican people and the talent of the African people. Our location in the Indian Ocean, our logistic corridors, and our agricultural potential, energy, and minerals make Mozambique a strategic platform for investment and regional integration. We therefore seek partnerships that build national capacity, promote local content, respect the environment, and generate employment, especially for the young people and women. Mozambique will continue to diversify its partnership in a sovereign way, transparent, and mutually beneficial manner, working with all the parties in light of the national priorities. This is also Africa's ambition: to be the architect of their own destiny, to participate in setting the rules, and to fully benefit from the wealth it helps to create.
What has changed is the world around it. What has changed, first and foremost is Chile. For the vast swathes of the 90s and until the beginning of the 2000, Chile was a success story and a model for many regions and nations. Our country implemented economic policies that prioritized economic stability, openness to trade, and private investment in the Latin American context in which many nations were facing inflation crises and external debt. Chile distinguished itself because it continued to show fiscal responsibility, display high rates of growth and poverty reduction. What happened then? Chile ground to a halt. Things stagnated. It took bad decisions. Public policies were implemented that increased taxation, regulation and obstacles to entrepreneurship. We also weathered a very difficult juncture. In October 2019, Chile then fell to its knees in our streets. For months, there was an outbreak of violence. Chaos reigned and disorder prevailed. All of that brought consequences. With it, investment plummeted, employment ground to a standstill and homicide levels rose to an extent that Chile had never seen in modern history as a result of the rising tide of organized crime. And that all happened until very recently. Until now. Distinguished. I've come to this forum to tell you that Chile is back, and that is no slogan. It is the very reality of a country that today begins to stride towards development. Our government took office with one conviction. Order does not run counter to freedom. Order is one of the preconditions of freedom. The freedom to walk home worry free and to not be a victim of crime. The freedom to run a business and not be stymied by the action of the state. The freedom to invest and not find ourselves in a situation where the rules of the game are continually changing. We have been in government for six years and we're getting our house in order. Today, Chile is a safer, more competitive country and a nation with far less red tape.
My administration is therefore also focused on ensuring that Colombia grows again. For years, we have discussed how to better distribute what we have. That is a legitimate, necessary discussion, but it's absolutely not enough. We also need to ask ourselves, how are we going to produce more? In the end? Governments can't decree economic growth. What they have to do is lay the foundations for it to occur. In our miracle nation, we want an idea to be able to come, a business, a business to create jobs, and for jobs to become well-being for our people. To those of you anywhere else in the world who are wondering where to invest, I would like to invite you to look at Colombia. It's a country with access to two oceans, productive land, energy resources, enormous biodiversity, an excellent geographical position, and a government that champions private enterprise. But above all, look at our people. Colombia does not want to watch the technological transformation of our time from the sidelines. We want to be a part of it. We want to train young people for super intelligence, for robotics, for data science, for agro industry for engineering, and for the new economy. Millions of Colombians are not asking the state to sort out their lives. They're asking the state to give them the opportunity to build those lives. And that is what gives meaning to what I have called the miracle nation. This isn't the name of a government, nor is it a naive promise that our problems will just disappear. No, that's not it. This is the country that we're going to build. It's a country where security allows us to reclaim our territories threatened by terrorism, where trust attracts investment, where investment creates jobs, and where growth leads to better living conditions. It is a schoolteacher in Mompos Bolivar, teaching with the tools of the 21st century. It is a rural farmer in Ubaté Cundinamarca who can now so sell and prosper thanks to his work. It's a. A young woman in Pasto, Narino, preparing to be a part of the future industries This is the miracle nation that we've already started to build. I'm well aware that 47 days is far too little time to change a country, but it is enough time to change the course of a country. And I want Colombia to once again enjoy strong growth. That growth should lead to a job for a young person, a home for a family, timely access to medicines, a harvest that finds a market, and Colombians who, thanks to their own efforts and dedication, can escape poverty. This is our miracle economy, an economy that grows so that people can grow with it Our relationship with the world is also a part of this purpose. Over the last few weeks, we have seen this very tangibly. When friendly countries and international organizations came to our aid following the earthquake. This solidarity makes full sense when it reaches people, when it solves problems, and when it produces results.
Bold reforms and under macroeconomic policies have resulted in a three fold growth in our GDP since 2017. Zimbabwe is indeed open for business. We are also pursuing food and nutrition, security and the climate smart agriculture. My government is leaving no one and no place behind. Through our rural industrialisation agenda and the Invest Rural policy, we are directing investment towards rural infrastructure, manufacturing hubs and agro processing facilities. More women and youth continue to enter value chain industries for both our local and regional markets. As droughts, floods and declining productivity threaten water, food and energy security. Developed countries are called upon to honour their climate finance commitments in line with common but differentiated responsibilities Mr. president, Zimbabwe welcomes the recommendations of the Secretary-General's Panel on Critical Energy Transition Minerals and the country's support mechanism.
We are at a watershed moment. The time is not a time for any half measures or partially honored commitments, or to a too tepid response. given the scale of the threat. Massacres, bereaved families, women that have fallen victim to despicable violence, children deprived of their innocence and communities chased away from their homes need to compel us to act. And here I want to pay tribute to all of the victims of this violence. Their loss compels us to ensure that justice is done. I want to pay tribute as well to the police officers and the soldiers, Haitians, Kenyans and the residents of other nations who fell while serving Haiti. Through their courage, they have written with their blood as ink a page in the book of our struggle for security and peace. Haiti will never forget their sacrifice. For them, for their families, for these 12 million women, men and children, for children that are asking only to grow up, to dream and to live in peace. We cannot resign ourselves to seeing deaths and wounded people be mere numbers in our reports. We need to act because in Haiti today, one more victim is too many victims and Haiti is already acting. We've made the choice to strengthen the operational capacity of our national security forces, because the security of Haiti must ultimately be based on the capacity of the Haitian state. We are recruiting, we are training, and we are becoming stronger. Through the P4000 program, we are continuing to train 4000 police officers. Over 2000 have already been trained, and a new cohort is set to graduate from the Police Academy next November. In parallel with this, over 1500 new soldiers have already been trained and we are putting in place a program aiming to train 15,000 new soldiers over the next three years. What's more, we've stepped up our budget to invest in our two security forces. Our goal is not only to respond to the crisis of today, it is to build capacity that will allow Haiti to ensure itself fully and sustainably its own security. It is regrettable that the force that was supposed to temporarily support these efforts, that this force is not yet fully operational and it still hasn't reached on the ground the planned force of 5500 members. That is why from this rostrum, we emphasize the need to renew the mandate of the gang suppression force. And we want to see its full implementation with the forces, the equipment and the resources that are needed for it to discharge its mission. The experience from the Multinational Security support mission should serve as a lesson. A mandate is not enough. There's a need for forces.
The above would enable developing countries to invest in education, health, agriculture, climate resilience and other productive sectors to holistically address their interconnected challenges. Mr. president, climate change presents another test of our collective credibility, credibility, and for the government, it is not a distant threat. Coastal erosion, changing rainfall patterns, pressure on water resources, food insecurity and environmental degradation are already affecting our communities and livelihoods. However, we are responding with determination by investing in renewable energy, coastal resilience, mangrove restoration, disaster risk reduction, early warning systems, water security, and nation based, nature based solutions. National electricity access hundred 90% universal access by the end of 2026. We are expanding our solar energy in schools and health facilities, modernizing our electric electricity network, and advancing a 150 megawatt solar park. We have also adopted our first national disaster risk mitigation Plan, but we urge that our national ambition be supported by external action to make climate finance accessible, predictable and adequate, including through the sustained implementation of the new collective Quantified Goal on climate finance and effective management to address loss and damage. Build climate resilience and a fairer international order in which those who have contributed least to the climate crisis are not left to bear the greatest burdens. Mr. president, artificial intelligence and emerging technologies offer extraordinary opportunities, but opportunity without inclusion can become another source of inequality. The digital divide must not become the next development divide. Developing countries must not remain passive consumers of technologies designed elsewhere We need the capacity to participate in research, innovation, entrepreneurship, standard setting and global technology governance. Technology must serve humanity, and the governance of artificial intelligence must be inclusive, responsible and grounded. International cooperation. This is particularly important for the world's least developed countries, as The Gambia prepares to assume greater leadership within the Global Coordination Bureau of the LDC Group. We do so with a clear sense of responsibility. LDCs continue to face structural constraints, including limited productive capacity, high debt burdens, climate vulnerability, narrow export base technological gaps, and restricted access to affordable finance.
Mr. president, excellencies, my friends, we meet at a time when the obstacles confronting human progress are multiplying, obstacles to peace, obstacles to food and clean water, obstacles to finance, medicine and education, obstacles to movement and opportunity. Obstacles to technology, to the knowledge and infrastructure needed to use it, and increasingly, obstacles between nations, between communities, and between people who no longer agree on the same facts or trust the same institutions. War continues to destroy lives and communities. Even though the international community possesses more tools than ever, ever before to prevent conflict and to facilitate dialogue. The climate crisis is accelerating. Even though the science is clear enough for us to act, and many of the solutions are already known. And despite unprecedented global wealth, millions remain without reliable access to food, water, health or shelter. These challenges, my friends, are creating the crises of which we constantly speak, and at the same time, new challenges are emerging. Artificial intelligence is opening extraordinary possibilities in health, education, science, and productivity while also creating new risk of exclusion, exploitation, surveillance and the distortion of truth. And yet, the cooperation needed to confront these challenges is under strain. It is why I believe the theme this year is so apt. Restoring trust. Managing transformation. A united nation that delivers for all. The theme reminds us that we have institutions created to preserve peace, to advance development, and yes, to protect human dignity. The institutions are these very United Nations. We have shared principles grounded in sovereign equality, and in the recognition that our responsibilities extend beyond borders. The reality is that we understand that there is, regrettably enough, for us to be able to invest in prevention rather than waiting to finance reconstruction. We understand enough about the climate crisis to reduce the emissions that are warming our planet, and take the necessary steps for our populations to adapt. We equally now understand enough about the rapid development of AI to know that as we welcome its promise, we must anchor its development in a universal, humanizing framework that does not imperil our existence as human beings. The failure, my friends, to address these challenges, therefore, is not one simply of knowledge or capacity. It is a repeated failure to convert what we know into what we do. To turn principle into practice and global capacity into solidarity So beneath our many crises lies yet another one. And yes, it is a crisis of responsibility. Mr. president, that responsibility begins here in these halls.
Our network of free trade agreements provides access to a market of approximately 2.3 billion consumers. To support and further advance connectivity agenda, Georgia plans to invest USD 7 billion by 2032 in major transport infrastructure, modernizing the railway, developing the Anaklia Deep Sea port, building a new international airport in Tbilisi and expanding the highway network. At the same time, we believe that physical and digital connectivity are two parts of the same strategic agenda. Through a Black Sea submarine, fiber optic connection and next generation data infrastructure, Georgia aims to strengthen, secure, resilient and diversified digital links between Europe and Asia.
However, on this journey, we have learned something that I have come here to share with you: that is that no state can defeat an enemy that knows no borders by acting alone. The weapons that reach our streets, across several countries, the money that finances mafias is laundered far from where the crimes are committed, the routes of drug trafficking and people trafficking and illegal mining, across continents. Criminals have already globalized their cooperation. They share routes, logistics, finances, and technology without red tape, distrust, or delay. It's unacceptable that criminal organizations cooperate with one another more effectively than states do. This is the reality that the United Nations must recognize and rise to. For a long time, organized crime was dealt with as a law enforcement matter, but today we know that it's more than that. When it controls territories and infiltrates institutions, replaces legitimate authority, erodes the rule of law, and destabilizes an entire society. And when this happens in several countries at the same time, it's no longer just a domestic issue; it becomes a threat to international peace and security. I want to say this very clearly: we're not calling for other actors to act instead of states. We're calling for cooperation, with full respect for the sovereignty of each nation, and with results that we can measure. This is why Ecuador today is proposing three concrete actions. First of all, an international mechanism within the framework of the UN to trace and freeze the illicit financial flows from transnational organized crime. The money is the fuel of these networks, so let us stop it in its tracks. Second, a permanent platform of information exchange between police forces, prosecutors' offices, and financial intelligence units that enables states to anticipate rather than react once it's happened. And the third concrete action: that the UN80 initiative include transnational organized crime as a priority for conflict prevention, and provide the organization with the capacity to support states that request it. These are proposals that Ecuador is prepared to support and drive forward alongside all countries that wish to join us. Excellencies, security is not an end in itself; it's a condition for a country to be able to flourish. And today we are experiencing a crisis, a profound crisis. And recovering security means giving people back their future, for a young person to be able to choose university rather than being trapped by a criminal gang, for a family to open a business without fear, for a company to invest and create jobs, and for institutions to respond to the needs of citizens and not to illicit interests.
Mr. President, the sustainability of our oceans and fisheries is closely linked to the changing climate, and the pressures we face on our marine resources are increasingly compounded by its impacts. Climate change remains one of the most pressing challenges to our development and way of life. Sea-level rise, coastal erosion, saltwater intrusion and extreme weather events continue to place pressure on our communities, infrastructure, water security and livelihoods. The Intergovernmental Panel on Climate Change Sixth Assessment Report reinforces the urgency of these challenges and particularly the risks faced by small island States. Through our long-term national development vision, the Kiribati Vision for 20 years, and our national priorities under Te Motinnano policies, we continue to invest in resilient infrastructure, water security, coastal protection, disaster preparedness, renewable energy and community-based adaptation. Our objective is clear: to continue building a wealthy, healthy and peaceful Kiribati, where our people can live with dignity, in peace and with opportunities. Renewable energy is increasingly important to Kiribati’s development and energy access. We therefore see greater investment in renewable energy as an important opportunity to reduce our reliance on imported fossil fuels and strengthen the resilience and sustainability of our energy sector. But national action must be matched by international action. We call for greater ambition, stronger support for adaptation and climate finance that is adequate, predictable and accessible, particularly for Small Island Developing States. Kiribati recognises the importance of international law in addressing climate change. The International Court of Justice Advisory Opinion on climate change advances climate justice by affirming that all States have binding duties to protect the climate system and achieve deep, rapid, and sustained greenhouse gas reductions consistent with limiting warming to 1.5 degrees Celsius. We welcome growing recognition that climate resilience must be locally owned and driven. The Pacific Resilience Facility is a Pacific-led, Pacific-owned mechanism that strengthens the region’s capacity to finance climate and disaster resilience. The Pacific’s co-hosting of COP31 with Türkiye later this year further demonstrates the value of local action.
Here from the United Nations. We say to the world. Invest with Iraq. Iraq has resources, markets, a good location, and the necessary will to build a new economy. Our government is hard at work to develop mutually beneficial partnerships. Create employment opportunities, transfer technology and knowledge, and develop Iraq's productive capabilities. Ladies and gentlemen. The security of states and the maintenance of peace are a shared responsibility.
And we must move from ad hoc responses to a culture of preparedness. Let us finance resilience and invest in insurance and innovation. Let us build stronger infrastructure and institutions. Let us reduce fossil fuel dependence. Let us build systems that warn, alert, and save lives. Let us reform the order that leaves the weakest with least power. And when the next warning comes from the rooftop of the world, let us be ready to hear it and ready to act. Bhagwan Prajapati Nath Leh, Bishwako Kalyan Karun, Yogeshwar.
Our experience on this demonstrates that when we invest in feasible projects, and remain people-centred, development can move from promises to measurable results. It is in this spirit that H.E. President Samia Suluhu Hassan, accepted the responsibility of championing Maternal and Child Health for the African Union. Under her leadership, Tanzania reduced maternal deaths by 80 per cent in just seven years. We now aim to advance the Three Zeros, i.e., Zero Preventable Maternal and Child Deaths; Zero home deliveries; and Zero Unvaccinated Children. Our experience shows that this is an agenda that Africa can successfully achieve, but it will require sustained political leadership, adequate financing, and stronger partnerships.
Our vision is to create an economy that generates decent employment, attracts sustained investment, expands opportunities for our youth, women, and marginalized groups, amongst others, to strengthen their livelihoods. To this end, we continue to invest strategically in human capital, infrastructure, healthcare, education, agriculture, tourism, industrialization, and digital development, mining while positioning Eswatini effectively within regional and global value chains. We appeal to the UN for support towards enhancing the capacity of African countries in developing value addition on their natural resources, as well as creating a trading hub for precious and earth minerals and other commodities for the continent. In this regard, the African Continental Free Trade Area, HAFTA, provides a vital platform for African nations to move beyond raw material exports towards greater value addition, industrial processing, and intra-African trade so as to fulfill our vision. No country can achieve sustainable development while large segments of its population remain on the margins of the economic mainstream. Our citizens must not be viewed merely as beneficiaries of employment. They must be full participants as key pillars of our sustainable growth. We have created an inclusive environment for all our people, irrespective of their gender or religion, at the apex of our economic growth strategy.
We must not neglect the reform of the international financial architecture. This means we need to rebalance access to financing. Current aid and lending criteria often rely solely on GDP per capita, excluding many vulnerable countries. The United Nations should therefore take into account the Multidimensional Vulnerability Index. So that access to concessional financing. Reflects climate shocks and external debt burdens. It would also be wise to support durable debt relief. This means advocating a for a faster, more predictable, and more inclusive sovereign debt restructuring mechanism. That would allow vulnerable countries to invest in the Sustainable Development Goals, rather than servicing unsustainable interest payments The procedures for accessing UN funds should also be drastically simplified in order to reduce disbursement delays for a vulnerable state facing crisis. Administrative slowness undermines confidence in the effectiveness of multilateralism. Third. Greater effectiveness in responding to climate and humanitarian emergencies. The multilateral system we seek should guarantee the fulfilment of climate climate finance commitments. It should serve both as a catalyst and a guarantor to ensure that developed countries in the North are honour their commitments on climate finance, but particularly for the most exposed nations. It's also important to link emergency assistance with long term structural investments. Mr. president.
of this United Nations, my country, Saint Lucia, though small in geography, but large in courage, dignity and conviction, took its seat among the community of nations brimming with hope, optimism and trust in the promise and goals of this body. Today we meet at a moment of profound international uncertainty. Conflict is spreading, trust is eroding, developmental gains are being reversed, and the rules intended to protect humanity are too often applied selectively. For small island developing states, these crises are not abstract. They are lived realities. Climate change threatens our homes, livelihoods and very existence. Debt limits our ability to invest in people. Digital technologies are transforming our societies. Without safeguards, they can reproduce old patterns of domination in a new form. And in our own Caribbean neighborhood, people of Haiti continue to endure a humanitarian and security crisis that demands more than statements of concern. The theme before us, Restoring Trust, Managing Transformation: a United Nations that delivers for all, must not remain a slogan. Trust will be restored only when promises are matched by action, when commitments are honored, and when the United Nations delivers meaningful results for every nation. And when there is due regard for multilateral principles, not only for the most powerful, but for the weakest of us as well. This assembly should not be a place where the world expresses sympathy without accepting responsibility. We need action. We need justice. And we need a renewed international compact based not on power, but on principle. We need multilateralism, not unilateralism. And in the words of the former UN secretary general, the United Nations was not created in order to bring us to heaven, but in order to save us from hell. For Saint Lucia, climate change is not a distant environmental issue. It is a direct threat to national security, economic stability, food and water security, and human survival.
We must peak as low as possible and return below 1.5°C as quickly as possible. Every fraction of a degree matters. The Pacific loses an estimated of $500 million every year due to natural disasters such as cyclones, flooding. Early warning systems give communities time to prepare and reduce these losses. That may be a modest sum in global terms but for Pacific nations it is a heavy toll on our countries and our people. And yet the financing to prevent such losses still falls short. The Pacific Resilience Facility, our own financing mechanism for building community resilience, needs a further $328 million in pledges to reach its initial capitalisation target of $500 million. Weather Ready Pacific, designed to reduce the human and economic costs of severe weather events, needs a further 160 million to reach its target. Tonga's Climate Trust Fund, a direct community fund which disbursed its first round of grants this year, also requires significant funding support. We call on all our partners to invest in these Pacific designed and Pacific owned solutions. Tonga stands behind 2026 Pacific Island Forum leaders, the Belau Declaration, and calls on all our major emitters to act urgently. Climate action is a legal obligation, but meeting those obligations will require difficult decisions rooted in science. Climate leadership is not a popularity contest. Seven of the nine planetary boundaries have been breached by human activity. Climate inaction is not an option. Tonga is accelerating its transition away from fossil fuels and expanding renewable energy, and we encourage the shift to electric vehicles. For us, decarbonising also means greater energy security and protection from global fuel price shocks. We must phase out the explicit fossil fuel subsidies estimated by the IMF at $725 billion. International financial institutions and multilateral development banks must recognise the Multidimensional Vulnerability Index, the MVI, which ensures that it informs eligibility and allocations. By any credible index, Tonga is amongst the world's most vulnerable countries. However, we call on all nations, especially the world's largest emitters, to attend the Pre-COP31 meetings in Fiji and Tuvalu in October this year. Come to the Pacific and confront what 1.5 degrees means for our water, our people our food, our homes, and our security. We welcome the General Assembly's declaration on sea level rise, a significant achievement for the preservation of sovereignty. It marks the first time all member states have agreed on a single common text on sea level rise. Our resilience account for every hazard, including geohazards confronting our islands. Over the last few years, Tonga has endured cyclones, flooding, earthquakes and tsunamis. This year, the Super El Nino, currently forming over the Pacific Ocean, further intensifies weather patterns, compounding the pressures on our people. We therefore need integrated warning and response systems that can protect our communities against the full range of planetary risks.
Mr. president, Your Excellencies, peace and development are inseparable, which compels us to consider strategies that can help accelerate the implementation of the 2030 agenda. The important decisions adopted under the Pact for the Future and the Seville Commitment can help advance development programmes in Africa. However, in order to achieve concrete results in these areas, it is essential to ensure affordable financing, debt relief, technology transfer, capacity building and a greater participation of international financial institutions. African countries spend far more resources on the exorbitant cost of debt servicing than they are able to invest in health, education, infrastructure development programmes. This situation obviously limits productive investment, deepens inequalities and economic disparities, and threatens economic and social stability. In view of this, it is imperative to correct these distortions and I therefore reiterate the call for the immediate reform of the international financial architecture in order to make it fairer, more equitable, democratic and geared towards the progress and wellbeing of humankind. These challenges are inherently complex, and are further exacerbated by climate change, which has a severe impact on Africa with severe and prolonged droughts, floods, desertification, food insecurity and population displacement. This situation clearly illustrates the need to establish predictable, affordable and additional climate financing without further aggravating the debt of developing countries.
And I would like to begin by talking not about the government, but rather the people, the Bolivian people, the homeland people that has gone through difficult times, a people that knows poverty, but also that knows the meaning of work, that knows division, but also knows how to recognize one another in unity. That has been through economic and political crises, social conflicts, and times of uncertainty, but which has never lost sight of something fundamental. And that is the hope of building a better life. I come from a country that today is facing a reality that we cannot hide. But first of all, allow me to say one thing. A part of those 20 years of the reality of a country that has been dragged along, is due to the consequences of a time of ideological construction on our continent. In the case of part of South America, where one leader came here and said, this smells of sulfur. It was part of a political and ideological line, which was, uh, being built upon by another leader who brought a coca leaf here. And he turned a traditional leaf into a historic leaf, a leaf that is part of our culture. He turned it into a betrayal. So that construction and development and the vision of a the development of a nation would be betrayed. Today the Bolivian economy. In 2026 had inflation of more than 20%. But it was a country that was an energy power in gas and hydrocarbons and mining. Nevertheless, we were reduced to a country that now has to be negotiating with multilateral institutions and with various different nations, and that is not right. They said that they were socialists. However, we carried out a campaign a ten months ago, in the ten months since I've been president, with the concept of capitalism for all of resources financial capacities, being able to invest and develop socialism and ideology does not put food on the table. What does is employment and the development of our economies and our production. When I took on the challenge of government, there were $51 million in our reserves because the reserves of the central bank had been entirely liquidated. Now, ten months on, we have nearly 1.2 billion and we, by the end of the year, are heading towards nearly 4 billion. And in the following 18 months, nearly $10 billion. For many nations, that might not be much, but for Bolivia it is a record, a milestone, a challenge, and a process of construction to build, strengthen our democracy and to strengthen our productive model within the country. I say this clearly, being able to look at the reality in my country, which decided to engage in a change and a transformation and to not turn back to the past. We are indeed doing this. We are ordering our economy. We are putting our house in order. We are facing up to the shortage of fuel. We are rebuilding our reserves. We are reforming our institutions. We are trying to restore internal and external trust in the country. We are doing something that we thought was even more important. We are trying to restore that trust in Bolivians so that we can move forward, because a nation that does not rebuild its trust cannot move ahead with money alone, with clear rules, with labor, with institutions that work, education, security and justice. It's one thing to have a government which we do have. It's quite another thing to have governability, which we do now have, because the Parliament is now drafting and approving laws and governance is yet another thing. Governance, governability and governance are not the same things. And in governance there was a deep rooted danger that we should denounce in this space of the United Nations, 53 days.
Attack from reactionary forces that wish to normalize injustices, inequality and underdevelopment or the result of political choices. It is possible to include the poor in the budget and make the rich pay their share. It is necessary to cut privileges and invest in free quality education and health care. There is a legitimate desire for change throughout the world, but change is not the same as going backwards. It's not about taking away rights. It's not about reviving theories of racial supremacy or female subjugation. It's not about recolonizing the global South. Change means moving towards a more participatory future and more achievements. It is about creating and sharing effective public solutions to development. Challenge through a democratic, strong, efficient and capable state. It's about betting on the spirit of solidarity and cooperation with Africa, Asia, Latin America and the Caribbean region. Initiatives such as the Global Alliance Against Hunger and Poverty, launched by Brazil and the UN Intergovernmental Panel on Inequalities, launched by South Africa's team.
For Dominica, this is not an abstract question. When a hurricane destroys our infrastructure, when international energy prices rise, when access to capital becomes more expensive, when global markets change, or when climate finance remains beyond our reach, the consequences are felt immediately in our homes, in our businesses, in our schools and hospitals, and in the very lives of our people. Yet, Mr. President, I do not come before this assembly to speak only of vulnerability. I wish to speak of transformation and resilience. Dominica has made a choice. We have chosen not only to rebuild after disaster, but to build differently, build better, build stronger. We have chosen not only to adapt to climate change, but to demonstrate what a climate resilient economy and country can look like. And we have chosen to move from dependence to greater resilience. Mr. president, in 2017, category five Hurricane Maria demonstrated with devastating force the vulnerability of small island states like Dominica. The economic and human consequences were enormous. Hurricane Maria, however, also taught us an important lesson resilience should never begin after the disaster. Resilience must begin before disasters. The international community must therefore move from a model that primarily finances reconstruction after catastrophe to one that invests systematically in resilience before disaster strikes. For Dominica, this means resilient roads and bridges, resilient buildings, reliable communications, modern water systems, strengthened health infrastructure and disaster ready communities. But resilience is not only physical. A resilient country must have resilient institutions. It must have resilient public finances. It must have resilient energy systems and must have resilient food systems. Above all, a resilient nation must have people who possess the skills and confidence to withstand shocks and move forward. That is the Dominica that we are building. Excellencies.
The UN is suffering because of it. But it is also true that the United Nations requires profound reforms to be able to tackle the challenges of the 21st century. As such, the question really is: do we let the United Nations, together with its aims and founding principles, just slowly fall apart? Or do we start facing these challenges with a sense of common responsibility and genuinely try to reform the UN and start to use the only global framework we have in a responsible and sensible way? The stakes are high. The choice is ours. For Estonia, and I believe for the great majority of UN member states, upholding the principles of the UN Charter is of vital interest. But we are also conscious that in order for those principles to remain valid and respected, we need to invest in them as much with our words as with our actions.
Our are now Fiji's third largest source of foreign exchange. They pay for school fees, rebuild homes after lots of cyclones and sustain families between harvests. Your excellencies, they are not aid. They are the earnings of Fijians abroad and sent home. Yet Pacific corridors remain among the most expensive in the world through which to send money in May. In this August haul, we committed ourselves to bring transfer costs below 3% and to eliminate corridors costing more than five Pacific corridors. Among those Fiji asked. That is to be treated as an obligation and not an aspiration. Labour mobility. Mobility must also not become a one way transfer of the people that we have trained. Fiji does not regard any Fijian the chance to build a life abroad. We ask only that those who recruit, recruit our nurses and teachers, invest in the systems that produce them. And this. This belongs beside what I have said of reconciliation. Not every Fijian abroad left in search of work, some left in season of upheaval when they did not feel that the country was theirs. The Fijians still, and so are their children.
Of course, significant challenges remain, but the progress Greece has made is impossible to overlook. Seven years ago, my country was still emerging from the most painful economic crisis in its modern history, having lost more than 25% of its GDP. Today the economy is growing much faster than the European average, while Greece is attracting significant foreign direct investment. Public finances are solid, and our fiscal performance has become a positive example in Europe. Our public debt is declining faster than any other OECD country. Structural reforms and digitalisation of the state, which has helped reduce bureaucracy, have transformed the public administration and restored trust among investors. A few days ago, two leading rating agencies upgraded their outlook of the Greek economy and at a time of great turbulence in the global bond markets. This says a lot about the progress that Greece has made. Not many people would have bet a few years ago that today Greece has. Borrowing costs would be lower than that of four G7 countries. This transformation was not easy. It was made possible by the hard work, the resilience and the determination of the Greek people. Economic growth is vital because it expands a nation's strategic leverage. It enables a state to boulder to. To bolster its defence, a core commitment this government is proud to adhere to, to modernize its infrastructure, to invest in innovation, all while safeguarding social cohesion. Economic resilience is therefore inherently intertwined with robust institutions and credible deterrent capabilities.
On the UN. Indeed, the UN remains vital to global governance and multilateralism. Yet restoring trust requires consistency. Managing transformation requires courage and cooperation. Delivering for all requires for fair representation, accessible resources, measurable results, especially for the developing countries. Somalia stands ready to work with every member state to reform the Security Council, strengthen cooperation between the United Nations and the African Union, and improve development financing, confront climate change, and build multilateral system that treats every nation and every person with equal dignity. Let us move beyond promises and towards performance. Let us invest not only in managing crisis, but also in preventing them. And let us build a United Nations that does not simply speak in the name of all humanity. But delivers better for all humanity.
We seek a partnership that supports the state and its institutions and invests in Yemen's people. For our part, we will continue to fulfill our responsibilities in reform, institution building and the rule of law. The international community can find in the Yemeni government a reliable partner. We speak not only of what women Yemen needs from the world, but also of what Yemen can contribute to the world once it regains its security and its stability.
I repeat: the Malvinas for us are a national cause. They are also a test of the gulf that can exist between the words of international institutions and the reality upon which they purport to act. Fifty years ago, this very Assembly adopted Resolution 3149, which calls on parties to refrain from introducing unilateral modifications while the dispute remains unresolved. Fifty years on, the situation has not changed, yet unilateral modifications continue. Today, the Sea Lion Project is moving toward oil extraction on the Argentine continental shelf in the North Malvinas Basin, under British licenses that Argentina rejects as illegal and illegitimate. Any such activity not authorized by the Argentine Republic in this regard constitutes an unlawful act under both international law, including the UN Convention on the Law of the Sea, and Argentine domestic law. That is why I wish to ask a question: what use is a resolution if, for decades, the other party can act in direct contravention of it, while that resolution remains intact in the archives but powerless in the face of reality? There's no shortage of words or resolutions. What is lacking is consequences. Because an institution that cannot ensure that its words carry weight in the real world loses the most important thing of all: its authority. In these circumstances, those who follow the rules receive no reward for doing so, while those who break them suffer no repercussions whatsoever. That's why the Malvinas are not merely an issue between Argentina and the United Kingdom. They also raise a question regarding the ability of this organization to enforce its own resolutions. Argentina has taken note of that reality, and in the face of the unauthorized exploitation of our resources in the disputed area, we've acted. We've submitted formal notes of protest. We've availed ourselves of the legal remedies at our disposal. We've imposed sanctions on the companies involved and their suppliers. And we've submitted a national sovereignty defense bill to Congress. For far too long, Argentine governments opted for a rhetorical defense. We have chosen a peaceful, practical, and effective defense. I repeat: we have chosen a peaceful, practical, and effective defense. I also wish to reiterate our position regarding the population of the islands. As this very Assembly has determined in numerous resolutions, the principle of self-determination does not apply in this case, since the population was implanted by the occupying power on a territory whose sovereignty is in dispute. That principle exists to liberate colonized people, not to legitimize situations arising from colonization. If the United Kingdom maintains a selective interpretation of the principle of self-determination with regard to the Malvinas Islands, it must also explain how it reconciles that position with the debates on self-determination taking place within its own territory. Once again, we call on the United Kingdom to resume negotiations with a view to finding a peaceful solution to the sovereignty dispute, as required by international law. We also reiterate our invitation to proceed without delay to an exchange of views with a view to resolving the issue concerning the aforementioned dispute over the exploitation of our natural resources. And I want to say something more to the global energy sector. Waka Mwertha represents a historic opportunity, with the potential to become one of the major players in the energy sector in the decades ahead. Come, invest, develop it with us. But there's a limit to this invitation. We will not remain indifferent to those who exploit resources under illegal foreign occupation.
We are strengthening our domestic revenue and enhancing the quality of public spending. But a country facing war, epidemics, poverty, and climate shock simultaneously cannot close this gap alone. At the same time, official development aid has fallen by more than 23% in real terms in 2025, which is the steepest annual contraction ever recorded. This contraction undermines development efforts and jeopardizes the prevention of crises whose consequences go far beyond national borders. ODA remains indispensable, but it will not be enough. The severe commitment must now translate into better access to concessional financing, better mobilization of federal development banks, and debt relief mechanisms that protect our state's ability to invest. Lastly, no financial architecture can be sustainable without tax justice. International cooperation must combat illicit financial flows, tax evasion, transfer pricing manipulation, and the laundering of revenue from natural resources. Stolen assets must be rapidly identified, frozen, and returned. Every penny recovered can fund a vaccine, a textbook, a well, or a road. Mr. President, the DRC knows that the trust it calls for restoring on the international stage is earned first through the commitments it keeps on its own soil. That is the goal of our efforts to consolidate peace, strengthen our institutions, and make our natural and human wealth the foundation of shared prosperity.
Developing nations and the global South borrow at interest rates that are up to eight times higher than industrialized nations. African and Caribbean nations struck by climate disasters are forced to take on crippling debts to rebuild from floods and droughts that they did not cause. Governments are forced into a tragic choice to service predatory debt or to serve their people. We demand reform. We need long term, affordable and accessible concessionary financing that enables developing economies to invest in human capital, in industrialization and climate adaptation. Mr. president, Africa does not seek charity. Africa seeks equal partnership that is anchored. That is anchored in mutual respect.
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.
So can businesses. So can peace processes. And so can this General Assembly. Excellencies, The third great power test is the climate crisis. In many ways, it is the most profound intergenerational power imbalance of all: One generation consuming the future of the next. One group profiting, while those least responsible suffer first and worst. Three years ago in the mountains of Nepal, I sounded the alarm on accelerating glacier melt – warning that the rooftops of the world are caving in. Some dismissed it all as overstating dangers. But – as tragic events have shown – impacts are arriving sooner, hitting harder, and spreading further than many anticipated. Now we face a near certain breach of the 1.5 degree limit, with a supersized El Niño speeding straight for humanity. The dangers are real. But so is the hope. The last decade has fuelled one of the most promising shifts in power of our time. The rise of clean energy. The sun belongs to no one. The wind cannot be embargoed. Innovation can come from everywhere. This is a profound rebalancing of power relations. Renewables are now the cheapest source of new electricity in most of the world. And the most viable path to energy security, independence and sustainable growth. Excellencies, A future beyond fossil fuels is in sight. The question is how. Will it be a just and orderly transition built on international cooperation – or chaotic and costly leaving people and countries behind? Today I call on every government to adopt a national plan to transition away from fossil fuels aligned with 1.5 degrees, with clear timelines and protection for affected workers and communities. We know fossil fuel interests won’t step aside on their own. For decades, Big Oil has treated the atmosphere as an open sewer – and cashed in on the consequences. Since Russia’s invasion of Ukraine, five major Western oil companies have pocketed nearly half a trillion dollars in profits. Compare that with just 34 billion dollars in international public adaptation finance for developing countries in the latest year reported. Meanwhile, everyday people are paying more for energy, food and insurance. We have seen this kind of abuse of power before. When the harms of Big Tobacco became undeniable – governments acted. The climate crisis demands the same determination. Those who polluted the most – and profited the most – must do far more to repair the damage they caused. Polluters must pay. And to the leaders, cities, civil society and citizens working to hold them accountable: You are on the right side of history. Keep going. And governments must keep going on all fronts: To end deforestation. Invest in grids and storage. Cut methane emissions. But these actions are not enough: We need climate justice with a focus on adaptation and finance. Developed countries must respect their commitments. They must triple adaptation finance. And make the Loss and Damage Fund work at scale. We must also ensure that the mining of critical minerals does not dig deeper into the inequities of the past. Producing countries and affected communities must retain a far greater share of the value created from their resources. No more plundering.
Excellencies, we are gathering in this hall of nations, countries, large and small, some insanely rich, too many shockingly poor, but all enjoying equal voting rights. Yet we know equality is an illusion. Some possess non-threatening antiquated guns, while few others have perfected their nuclear arsenals, now 100 times more destructive than the ones dropped on Hiroshima and Nagasaki in 1945. As primitive as they were then, these experimental bombs incinerated two cities, almost all living beings in them. Those unfortunate ones who survived the blast died long, painful deaths. Russia, U.S., China, France, the U.K. —all members of the NPT— were joined by four countries not members of the NPT: Israel, India, Pakistan, North Korea. Yes, North Korea had a nuclear arsenal estimated to be around 100. And North Korean leaders seem to have learned lessons from Libya, Ukraine, and the ongoing Iran-Israel-Yes war. Dismantle your nuclear capabilities and you lose. The only deterrence you have against a nuclear power deciding to bomb you into submission. On June 30, 2019, President Trump traveled to DMZ in the Korean Peninsula. The mysterious Swiss educator leader of North Korea, half the age of the American president, walked halfway, and the two leaders engaged in an embrace that promised peace. This is what leaders do to advance peace: they show courage, audacity. President Trump, you did the right thing. Friends are friends. We cherish and embrace our friends, never ignoring them or excluding them from the table. But we talk to adversaries so that we don't become enemies. We talk to enemies to prevent wars, and perhaps we become partners in peace. Those countries amassing nuclear weapons keep us all living near imminent catastrophe. One day, any day, by accident, miscalculation, computer error, madness, or foolish strategic design, we could become the last human generation. All the while, the brandishing of these weapons reinforces adversity and fear, which create a high barrier to achieving rational cooperation necessary to fulfill our responsibility to future generations. Trillions of dollars are invested in perfecting forms of death. Instead, we invest in a fraction of these trillions in clean water: food, schools, clinics. No thought was given to the tens of millions of fellow human beings pushed back to extreme deprivation by COVID-19, Ukraine-Russia war, and as if innocent bystanders on the periphery had not suffered enough, we are presented with another catastrophe: the Iran war and disruption of vital waterways for trade. We know the madness of Iranian leaders seeking regional supremacy, pouring fuel into the fire of religious extremism in neighboring countries to destabilize wealthy, stable monarchies. Iranian leaders launch unwarranted attacks against neighbors, destroying civilian industries, infrastructure. Iran's rationale for these attacks is that those countries host American bases. So is Iran going to launch waves of drones and missiles against U.S. bases in Europe? Can we change course? Can we stop slipwalking into wider wars? My invitation to President Trump: be audacious, be unpredictable, be visionary. Invite all nuclear powers and all major conventional military powers and industries, without exception, to a summit somewhere, maybe a town in Portugal, to talk on no first strike. Enhance regular communication between leaders of the nuclear powers. Commitment on reduction of nuclear weapons toward total deactivation and destruction of nuclear arsenals over a decade. Be yourself, be President Trump, be audacious, be unpredictable. Do the unthinkable, and you will gain worldwide gratitude and respect. The humanitarian situation in Cuba is heartbreaking. We understand that the U.S. has provided $100 million in emergency humanitarian assistance to Cuba through CARITAS. In keeping with the U.S. humanitarian tradition, and toward creating an environment conducive to normal, long-term Cuba-U.S. relations, trade relations between Cuba and the U.S. and the rest of the world could be improved. Regarding the situation in Israeli-occupied territories: Gaza and West Bank.
