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Sanctions, support packages, our joint weapon production, all of these matters. Of course matters. All of this makes us stronger. When someone gives Russia more money through trade, they give this war more time. That is exactly why we insist on limiting trade with the aggressor and why we are burning Russia's revenues ourselves. Many of you here seen more than once how the abuse of the veto at the UN weakens the world and pushes peace further away. When Russia has money, it always says no. No to diplomacy. And this is also a kind of veto on peace. Not an official right, but real. And when someone in the world weakens sanctions, weakens sanctions against Russian oligarchs, it may make life more comfortable for rich Russians, but it also gives the war more time. More time for Putin to send poor people into the kill zone. So Russia's revenues must remain a target. Russia's budget deficit is now bigger than in any other year, and most Russian regions are already bankrupt. Russia planned major operations on the front this summer. All of them failed.
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 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 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 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.
Our military is the most powerful on earth. Our technology is second to none and we are leading in virtually everything. Our energy is fueling the planet. America is rising. Our nation is growing. Our power is expanding. Our country is doing better than ever before, and our future is very, very bright. Since I took office, we have created more than 1 million new private sector jobs, and more Americans are working today by far than ever before. Last week, it was announced that the poverty rate has reached its lowest level in American history. We lifted 1.5 million Americans out of poverty last year alone. Another record, the African American and Hispanic American poverty rates are at all time lows. Real household incomes for Americans have soared to the highest level in history, 87,000 on average, surpassing the prior record that I set in my first term. From day one, my administration has worked to remove every single unnecessary regulation and obstacle to doing business in America. We passed the largest tax cuts in American history, and as a result, more money is being invested in the United States right now than has ever been invested in any nation, anywhere in the world. U.S. stock markets have set all time records. And that's just in the last 12 months. We've secured commitments for $21 trillion in new investments from all over the planet, compared to less than $1 trillion in four years in the previous administration. Two years ago, our country was dead, and now we have the hottest country anywhere in the world. Before I took office, we had the worst and most dangerous border on earth. And now we have the most secure border in American history. Nobody comes in unless they're invited. Unless they have permission. In the past 16 months, zero illegal aliens have been admitted to the United States. And that's done by some very sophisticated people.
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.
But we must also understand why this disaster matters beyond Nepal. Nepal contributes less than 0.1 percent of global greenhouse gas emissions. We did not create this crisis, yet we are paying a colossal price for it. Our glaciers are retreating, our mountain slopes are becoming unstable, our rivers are becoming less predictable, and every major disaster threatens to erase years of development. For Nepal, climate catastrophe is not just a humanitarian event, but a development emergency. It destroys roads, bridges, schools, homes, farms, and livelihoods. It destroys clean energy infrastructure that we need to fuel our future. And it forces a poor country to borrow money to repair damage it did not cause. But we are not here to blame any country or continent. We are not here to turn climate change into another geopolitical battlefield. We are here to ask everyone to recommit to shared responsibility and solidarity. Through the United Nations Framework Convention on Climate Change, the international community has already agreed to the principle of common differentiated responsibility and respective capabilities. Those who have historically contributed more to the problem, and those with greater capacity to respond, must do more. Climate justice cannot remain a beautiful phrase in a United Nations document. People of our country be allowed to build their future instead of constantly rebuilding their past. Excellencies, the Hindu Kush Himalaya is home to nearly 2 billion people. These mountains provide water, ecosystems, agriculture, and livelihoods to populations far beyond Nepal. The Himalayas are not peripheral to the planet; they are part of the planet's life support system. That is why, as an urgent first step, we propose that we establish a Himalaya Climate Resilience Mechanism led by Nepal, India, and China. Through this mechanism, let us share satellite data and expertise, let us monitor dangerous glacial lakes, let us strengthen joint early warning systems, and when disaster strikes, let us coordinate assistance across borders. Let the Himalayas become a laboratory of international cooperation rather than a frontier of fragmented information. Remarkable for a least developed country, Nepal is already playing a global role exceeding its ecological share. We have restored forests that cover nearly half of our territory. We are installing hydropower at a pace enough to power all clean energy needs and displace dirty sources abroad. We are promoting electric mobility with an adoption rate to match parts of Europe. We are strengthening climate adaptation at the local level, and we shall do more to withstand increased intensity and frequency of climate disaster. But Nepal cannot build resilience alone against a crisis made worse by the failure of global governance. This is why this assembly must note six words: relief, rehabilitation, reconstruction, and also responsibility, reparation, resilience. The first three are what we need after disaster. The second three are what we need to ensure that disaster does not become a permanent condition. When a climate-driven disaster destroys infrastructure of a poor country, the answer cannot simply be another mega loan or a patchwork of small grants. We need adequate grant-based support from the world. The Loss and Damage Fund, the Global Environment Facility, and other financing mechanisms remain grossly inadequate. Climate finance must not become another bureaucratic maze through which vulnerable countries spend years that they need help. When the house is burning, we do not ask family to complete 50 forms. We act. This is what climate justice must mean.
The algorithm did not develop hatred. It discovered how to activate ours. This is systematic fraud as a service. Election interference no longer requires one television station or one piece of propaganda repeated to an entire population. It can now operate at the resolution of each and every one voter. Two neighbors may stand in the same street, vote in the same election, and inhabit entirely different realities, each manufactured specifically for each of them. When that happens democracy does not merely lose a debate or just an election turn. It loses the common ground on which debate is possible, and it loses the turn to have it. Sovereignty no longer erodes only at the border. It erodes in the feed. In the 20th century, sovereignty meant control over land, territorial waters and national airspace. Today in Europe, we are running like crazy to add more and more and more from the money we don't have, to protect our land and to protect our skies for a potential future war. But somehow we are forgetting that in the century we are living, it must also mean the capacity of a free society to defend the conditions under which its citizens form their own judgement.
We continue to support its meaningful participation in the World Health Organization, the International Civil Aviation Organization, and other relevant mechanisms, and reiterate that differences across the Taiwan Strait must be resolved peacefully. Mr. President, no generation has a greater stake in our decisions than young people. Half of the world's population is under 30. Yet 67 million young people were unemployed last year, and more than a quarter of a billion were neither in employment, education, nor training. AI, the green transition, and climate change are reshaping their future jobs. We must prepare them. Last year, our Prime Minister introduced this Assembly to our ASPIRE Program, achieving success through personal investment, resources, and education for citizens aged 5 to 18. Built on savings, investment, and financial education, ASPIRE has opened more than 4,000 savings accounts, with our government committing more than US$2 million to give children a financial foundation for adulthood. We are now piloting our financial education curriculum in schools and training teachers for national rollout. We are not simply giving children money. We are giving them the knowledge to make money work for them. Financial independence must not be reserved for those born into wealth.
Mr. president, Brazil does not underestimate the challenge represented by organized crime. We are ready to face the criminal organization that terrorize our local communities. Workers are robbed. Mothers lose their children. Police officers do not make it back home. People are tired of violence. But we will not outsource the responsibility of defending its borders and guaranteeing our population the right to live without fear. We do not need aircraft carriers guarding our waters. We need cooperation to block the flow of weapons and money that feeds crime, organized crime. That's the spirit of the proposal that I personally handed to the US president. We want to fight money laundering carried out by Brazilian criminals abroad. For a long time, Brazilian states acted each in their own way. Crime made the most of the lack of coordination. But this is changing. In Manaus, a city of the Amazon state, we created the Amazon International Police Cooperation Center, bringing together public safety authorities from nine Amazon region countries. In 2025, we carried out the biggest operation against organized crime in Brazil's history. We broke records of drug seizures as well as unlawful assets and resources. We are facing all levels of crime, including the crime tycoons. The anti faction bill that we just have passed establish heavier sentences for organized crime than those carried by terrorism. Organized crime and corruption walk hand in hand. The fight against corruption shall remain relentless, no matter who it hurts. No one is above the law.
For small island developing states, regional cooperation is not an optional layer of diplomacy. It is a practical necessity, separated by vast distances with small populations and narrow economic bases. And what is difficult alone becomes possible together. We must take it further still through connectivity, food and energy security and Pacific-led financing, such as something the Pacific has built. The Pacific Resilience Facility is the first climate and disaster financing facility owned, governed and hosted by the states it serves. Its treaty entered into force in May, and it is seated in the Kingdom of Tonga, and its first grants are already reaching our communities. It exists because a village seawall does not need a three year accreditation process. All it needs is money that arrives or will arrive. Its initial capitalization target is 500 million USD by December, of which 173 million has been pledged. I thank all those who have come forward, and I ask those who are able to close the gap to do so willingly. Cooperation of this kind does not diminish our sovereignty.
It is Arab in its identity and language, African in its geography, destiny, and belonging, Mediterranean in an intrinsic part of its culture, interests, and partnerships, and Islamic in its civilizational values, which incline toward peace, security, and building bridges with its neighbors. The multiplicity of these circles is not a contradiction but a source of strength, responsibility, and opportunity. From this geopolitical vantage point in particular, we have learned a harsh lesson in recent years. When the state weakens, the vacuum does not remain empty; competing interests fill it, armed groups become active within it, criminal and smuggling networks spread, illicit funds seep in, and institutions themselves become arenas of struggle for influence. At that point, the state does not merely lose part of its security. Its national decision-making begins to lose its independence. This brings us to the essence of what sovereignty means to us. Sovereignty is not merely a flag raised or borders drawn on maps, nor is it slogans repeated while judicial and oversight institutions fail to exercise their roles independently and responsibly. Sovereignty means that national decision-making is free. It also means that our cooperation and integration with United Nations bodies are based on transparency, seriousness, and impartiality, free from selectivity and double standards. Sovereignty means protecting the rights and dignity of the Libyan people from violations, whoever the perpetrator, and ensuring that no one is above the law and no one escapes accountability. Sovereignty means that state institutions are stronger than individuals and groups, and that weapons are subject to the law. It also means that the country's wealth remains the property of the people, not spoils to be divided among parties, networks of interest, or dubious partnerships that exercise some sort of custodianship over the state. Sovereignty means preventing corrupt money from buying influence. It means preventing influence from becoming an immunity that shields corrupt money. If that cycle becomes entrenched, it weakens the state from within and threatens the survival of its institutions.
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.
I will protect the Constitution, the freedom of our institutions, and the dignity of every Hungarian citizen. The state belongs to those who support the government, to those who oppose it, and to those who have lost trust in politics whatsoever. A new political majority must not become the new owner of the state. This April, the people of Hungary voted for democratic renewal. They expected more than a change of government. They expect public life to change rule of law, a state that serves rather than controls, courts that decide without pressure, a press that challenges power and public money, that is used for public goods. There must be accountability for corruption and abuse of power. But there must be no revenge. Justice cannot become a political weapon. A democratic state cannot repair past wrongs by repeating them with new people in charge. The same law must apply to those who govern yesterday, those who govern today, and those who may govern tomorrow. A republic begins when power accepts its limits. That is the republic Hungary must now rebuild. Trust from our partners will not return because of one election or one speech.
Mr. President. Excellencies, I want to tell you about my grandmother, Alice. Growing up in rural Sweden as the seventh of 11 siblings, her opportunities were very different from those of her brothers. Her parents expected her to focus first and foremost on family life. Yet she was curious, capable and determined to build a life of her own. A job at a local bank gave her not only an income but also independence and confidence. There at the bank, she met many women with little to no experience with finances and who were left vulnerable when circumstances changed. She wrote in her diary about some of the women she met, many of whom were recently widowed, coming to the bank in tears because they didn't know anything about their own family finances. One woman came to the bank holding two safe deposit keys without knowing which bank they belonged to. My grandmother was as independent as a woman in that time and place could be, but she worried deeply about the consequences for the women who were not. During her life, she witnessed extraordinary progress. But two generations later, far too many women are still entirely economically dependent on men. Mr. President, 80 years ago, when Sweden joined the United Nations, the foundations of our modern society were being laid. In the 1940s and 50s Swedish women joined the labour market in large numbers. This was not only a matter of principle, it also came from the realization that our economy needed women in the workforce. Women's economic empowerment is a matter of freedom. When women work and earn their own money, their self-determination grows. Gender equality is not only the right thing to do, it's also the smart thing to do. When women work, economies grow. Mr. President, each generation must fight for equality. In 1919, the same year my grandmother was born, Sweden decided that women should have the right to vote. That very same year, women in Afghanistan were also granted the right to vote. More than a century later, the contrast between women's freedoms in our two countries is as striking as it is saddening. It is a painful reminder that progress is never irreversible. Rights, once gained can be lost. Freedoms do not defend themselves. It is up to us to protect them, for women and girls everywhere and for generations to come.
We are all in. But every startup needs one more critical ingredient. Co-founders. And that, Excellencies, is why this salesman is standing before you. We want your capital. Your technology, your talent, your ideas, your enterprise. And let me be absolutely clear. We want you to make money. GMC is not a retreat from capitalism, technology or ambition. It is designed to harness all three without sacrificing nature, culture or human well-being. Those who come early can help create the industries and markets that others will later enter. They can help define GMC's economic journey and share in the value they create. That is the first mover advantage. At GMC, commercial success and human flourishing are designed to build on one another.
Mr. president, for decades, my small but great country was known for a reality that it seemed impossible to change. The scourge of violence was deeply entrenched in our society. An entire nation was resigned to being condemned to live with this reality. After decades of institutional indifference, in 2019, the El Salvadoran people opted for Nayib Bukele, our president, who is now known across the world, a young leader who dared to challenge something that an entire generation thought they were condemned to and strove to profoundly transform the reality of our country, regardless of the consequences or the criticisms he had received from the international community. El Salvador went from being the most violent country in the world, with a murder rate of 103 people per 100,000 inhabitants. We as a country in peace, had more deaths than a country at war. So we moved from 103 murders per 100,000 inhabitants to 1.3 murders per 100,000 inhabitants in just five years. Unimaginable. Just think about it. But we achieved that. Por eso. Thank you. So thanks to this, my country is now a benchmark for others who suffer from the same problem. The International Monetary Fund has said that improvements for security has strengthened trust in and the economic activity of my country. And it's estimated the El Salvadorian economy will grow by 4.5% in 2026. So this has skyrocketed. And this is driven by investment, private consumption, remittances, tourism and inward capital flows. However, it would be a mistake to boil all of this down to numbers, because behind each and every number, these numbers that we have got used to when we say millions, they're not just numbers, they're millions of faces, individual people, individuals. So in my country, that we're talking about a mother who no longer has to be scared about whether her children are coming home in the evening or not. A business owner who used to face so much anxiety that knew that their basket of mangoes that they had to sell, they had to sell them for more than $10. Because if they didn't sell them for more than $10, they wouldn't be able to pay their protection money and they'd get shot in the head. So now behind these figures, we have a business owner who's able to open their business without fear, somebody who's able to breathe easily and cross the city freely, and a child who's able to run around all of the streets of our country, streets and spaces that they weren't able to dream of going in before, and something more profound, even the fact is that we now have a society that has recovered hope, grounded in the ability to imagine a different future. This is what recovering security really means. It doesn't just mean reducing crime, it means giving freedom its rights, its rightful space back. And I'm talking about freedom for each and every one of our citizens and each and every person that visits our country. And when a society recovers its freedom to walk around, to work, to do business and to live and breathe without fear, a second transformation begins. That is the recovery of trust. And this explains why El Salvador is now a benchmark for countries that are seeking support and looking for answers to their own security challenges. And it's not that our journey can be copied and pasted mechanically because there's no universal formula. Each situation needs to be resolved according to each country's individual experience. However, there is a lesson that we believe can be a universal lesson, and that is that no nation should have to accept collapse and government impotence as their destiny, the destiny for their people. No country. El Salvador, no. El Salvador has not come to this assembly to say that we've resolved all of our problems. No, we still got a lot to do. That would be false. To claim that we've come to say something much more profound. With determination, we have demonstrated that a problem that seemed irreversible could be tackled and turned around, regardless of whatever problem it is. And I want to be clear in line with the vision of my president, Mr. Bukele, security is not the final destination.
Criminal networks do not recognize borders. They are linked through drug trafficking trafficking in persons, illicit arms trafficking, smuggling, extortion, money laundering, environmental crime and other illicit economies. They exploit institutional weaknesses, inequality, and a lack of opportunities. Wherever the state is weakened, these structures seek to replace it, intimidate it, or bend it to serve private interests.
Mr. president, development also requires peace and security. For Jamaica and our wider Caribbean region, transnational organized crime remains a serious threat. Last year, from this very podium, Prime Minister Andrew Holness called for a global war on gangs, a coordinated international effort capable of matching the reach, financing and sophistication of transnational criminal networks. Jamaica reiterates that call today. Illicit firearms do not manufacture themselves in our communities. They cross borders. Criminal money crosses borders, criminal networks exploit technology and operate across borders. Our response must therefore also cross borders. We call for stronger cooperation in firearms tracing and interdiction, intelligence and information sharing, financial investigations, and law enforcement capacity building. We also urge major arms-exporting states to strengthen export controls and post delivery verification. At home, Jamaica has invested heavily in our security forces, strengthened legislation, enhanced intelligence gathering oversight and transformed policing. The results are remarkable by any standard. In 2025, Jamaica recorded its lowest number of homicides in more than three decades. And in 2026, with even further reductions, the Global Peace Index ranked Jamaica the most peaceful country in the Caribbean. We recognize that there remains work to be done, but the direction is clear and our objective is not merely fewer crimes. It is a durable ecosystem of peace in which every Jamaican can feel safe, raise a family, do business, and fulfill his or her potential, and retire in Paradise. Mr. president, nowhere in our region is the challenge of criminal gangs more devastating than in our CARICOM sister nation of Haiti. Jamaica stands firmly with the Haitian people.
The government has also begun work on the Teesta Master Plan and the Padma Barrage project to increase freshwater flows into the world's largest mangrove forest, the Sundarbans and to conserve water through large reservoirs. At the same time, while strengthening domestic measures for water conservation and pollution prevention, the government has reaffirmed its commitment to cooperation on transboundary water management by signing the 1992 Water Convention. Mr. president, after ending more than a decade and a half of fascist rule and exploitation, Bangladesh became free from fascism in 2024. Having been freed from the scourges of enforced disappearances, killings, abductions, corruption, plunder and money laundering that had become the norm under fascist rule, Bangladesh is now once again embarking on the path of democracy. To repair a Bangladesh battered by fascist rule and exploitation, the government is pursuing a three R strategy recovery, restoration and reconstruction.
They are now being held to account for centuries of colonial plunder, for the destruction of cultures traditions, and identities of enslaved peoples, and for the slave trade which claimed millions of lives. And in line with this, the U.N. General Assembly adopted a resolution in March of this year declaring the trafficking of enslaved Africans and racialized chattel enslavement of Africans as the gravest crime against humanity. Belarus supported this resolution without hesitation. This is not just a diplomatic gesture. It is the voice of a country that has itself endured a similar hellish chapter in history. We know what genocide is. A third of our population during the war was murdered in cold blood and tortured by civilized Europeans, united by Hitler 85 years ago. Now their descendants are telling us that they have nothing to do with this, and nor did their grandfathers, supposedly. But that village house filled with Belarusian children, the elderly and women, was not burned down by the Führer himself. And there were thousands of such houses. We know what the plundering of cultural heritage means. Our wealth, resources, works of art were all taken to the West. Young people were forcibly taken into slavery there as well, in Europe. And today, facing unprecedented sanctions, we have once again felt what it means to be a target. That is why we wholeheartedly and with fraternal feelings, support those who demand historical justice, including on the issue of reparations raised by the African Union. But reparations are not just about money, they are also about respect for memory. They are about returning people's own history to them. How many names remain on the world map that have erased millennia old memory? Here's a simple example. The great waterfall that the peoples of Zimbabwe have for centuries called Mosi-oa-Tunya the smoke that thunders. The colonizers, quote unquote, discovered it 150 years ago and named it after their queen, who had never even set foot in Africa. What is that, if not identity theft? Western elites do not like the new multi-polar world in which their voice is no longer decisive. But instead of adapting to positive changes they continue to exploit instability.
And I call that overarching purpose the Patria Milagro, the miracle nation. The first step is a basic one restoring security. For far too long, Colombians have had to live alongside situations that no society should accept as normal. A rural farmer having to ask permission from a terrorist group to work on his land, a shopkeeper having to hand over part of the fruits of his labor to extortionists, a mother increasingly gripped by fear every time their child goes out to play in the park. That is not, and it cannot become the norm. Consequently, from the very beginning of my government I gave the security forces one clear instruction to regain territorial control, to fully restore the state's authority and to confront the structures using terrorism. My government is determined to do away with euphemisms. Organizations that murder, that kidnap, that use explosives, that recruit children, and that deliberately resort to terror to subjugate a society are terrorist groups. That is what we call them, and we are facing up to them with the full, legitimate force of the state, within the Constitution and within the law. But there is another reality that is very often overlooked. The illicit drugs produced in Colombia don't end up in Colombia. Drugs trafficking is a transnational criminal enterprise. Its routes cross borders. Its money moves through international financial systems, and its networks operate across numerous countries. I will do everything necessary to combat that scourge, but a transnational threat requires the international community to play its part as well. Security, while essential, is not enough. A territory that provides no opportunities remains vulnerable.
The UN80 Initiative is a constructive start. But it is only a start. Moving positions on a budget sheet may deliver savings. Merging or renaming bodies may reduce duplication. Streamlining structures may improve efficiency. These steps are important and often necessary for good housekeeping, but they are not enough; we need to dig deeper to address the problems beneath the superstructure, because the United Nations’ reform challenges are chronic and fundamental. On 24 November 1949, four years after the founding of the United Nations, this Assembly adopted resolution 310 (IV), entitled “Problem of the Proliferation and Overlapping of the Programmes of the United Nations and of the Specialized Agencies”. It urged Member States “to refrain from initiating new projects other than those which are urgently required and which can be effectively carried out”. Yet we have not paid sufficient attention to our own decision. We have since created thousands of mandates, of which 4,000 are still active, irrespective of whether they were required or could be effectively carried out. We cannot continue treating a chronic ailment with temporary painkillers when what we need is a deeper diagnosis and a more profound plan for transformation, even if that plan proves painful. And here I must be equally candid: this will happen only if Member States take charge. Time and again, we say that United Nations reforms must be Member State-led. But too often, Member States fail to take the wheel. Passive ownership is not enough. If we do not claim proactive ownership of this place, we cannot expect it to heal. So let us engage. Let us take charge, fix our own house, respect sovereignty of Member States, and together deliver the transformation we need. (BRIEF PAUSE) As we decide what must change, we must also recognize what already works. Again and again, Member States tell us that the United Nations works well at the country level, emergency situations, and in keeping and building peace. We should build on that success. We should strengthen the United Nations’ country-level work and draw increasingly on local capacity, including qualified national institutions and individuals. We should ensure that all activities at country level, from development support to peacekeeping, are properly integrated and produce the highest synergy. We should ensure avoidance of turf battles among different parts of the UN, and exercise care to select resident coordinators that are fit to lead the teams. We want to have full value for money. The Organization’s financial viability is also a chronic concern. We must ensure that it receives sufficient resources on a sustained basis and that all countries pay their dues on time and without conditions. We must also recognize that dues to the United Nations come from hardworking people around the world. Every penny must therefore be properly accounted for. Every penny must be invested to achieve impact on the ground for the people we serve. (BRIEF PAUSE) The role of the Member States, supported by the Secretariat is essential to delivering our work, but not sufficient. This brings me to my third point: building a more open and inclusive United Nations. We know that the United Nations of today, and the world it serves, are profoundly different from those of 1945. Nowhere is the pace of change more evident today than in artificial intelligence.
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 unemployment rate today would be at 90%. That is absurd, something that few of us seem to have stopped to consider, 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 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 size 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, 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.
Mr. President, excellencies, I agree that even as we demand the place at the table and call for a more equitable and just global order as African leaders, we must also do what is required to put our own houses in order. As the legal maxim goes, whoever comes into equity must come with clean hands. African leadership must be transparent and accountable. We must commit to the fight against corruption and ensure that every dollar of our people's money counts and is used efficiently in their interest. Ghana is arguably the most stable democracy in Africa. We believe in the rule of law and have respect for human rights, and we are determined to demonstrate that democracy works. While progress in a democracy may be slow because it must follow constitutional processes, it is more sustainable because it is built through popular participation and consensus building. As Ghana addresses these global imperatives, we are leading by example at home through our transformative Resetting Ghana agenda.
Climate. Artificial intelligence. These are the four great power tests of the future. And they are linked. War deepens inequality, destroys development and accelerates hunger. Inequality determines who has the means to face climate and other shocks and who is left exposed. The climate crisis fuels instability and displacement. Artificial Intelligence could help solve all these challenges, or make them worse. Excellencies, Across all four tests, the decisive issue is power. Power over force, money, energy, technology, rules and the future. That is why the UN Charter – and the work of the United Nations – matter more than ever. The United Nations exists because power requires rules – and humanity needs a place where power answers to principle. And the Charter leaves no room for selective reading. The Charter created an Organization rooted in three pillars. Peace. Development. And human rights. These are not competing agendas. They are one reality: There is no peace without development. No development without peace. And no peace or development without human rights. To pretend that peace can be separated from dignity, opportunity and rights is an illusion. But defending this truth does not mean defending the status quo. The Pact for the Future and the UN80 initiative are about making the UN: More responsive. More effective. More coherent. More transparent. More focused on results. More disciplined with resources. And more present where people need us. The world does not need a weaker United Nations. It needs a UN strong enough to face the world as it is – and determined enough to build the world as it should be. Excellencies, After ten years, I hold one conviction even more strongly than when I arrived: The greatest power is not the power to dominate. It is the power to build a future that works for everyone. Our shared future will be forged by whether humanity can govern power wisely. By upholding the law before impunity becomes normalized. By ending wars before they consume generations. By tackling inequality before societies fracture. By accelerating climate action before tipping points are crossed. And by governing artificial intelligence before it governs us. This is the challenge before this General Assembly, the United Nations, and humanity itself. Excellencies, In the face of global catastrophe more than 80 years ago, the United Nations was created as an act of defiance. The defiance of people who refuse to surrender the future to fear. The defiance against the self-defeating notion that might makes right. The defiance of countries that know our futures are bound together. The defiance of hope.
Solomon Islands therefore recognises the need for an inclusive and transparent international governance framework on AI. Mr. president, year after year, Pacific leaders have stood at this podium and urged the world to act on climate change. And yet, global action continues to fall short of what the science demands. For every passing COP, the impacts grow more severe. Our islands are being lost to the sea. Disasters are more frequent and more devastating. Food and water security is under threat and communities are being forced from their ancestral lands. Solomon Islands knows this reality firsthand. This year, Tropical Cyclone Maila, a category five storm, tore through our communities, destroying homes, schools, infrastructure and livelihoods. My government has just approved US$9.38 million for shelter recovery. That is money our essential services urgently need now diverted to deal with the impacts of this climate extreme. Like many Pacific Island countries, we are trapped in a relentless cycle of response, recovery and rebuilding. This is not sustainable, nor is it just. My people did the least to cause this crisis, yet they pay its earliest and heaviest price. That is the moral ledger that lies before this assembly. Last year, the International Court of Justice confirmed in its landmark advisory opinion that states have legal obligations to protect the climate system. Major emitters must make deep emission cuts and transition away from fossil fuels. Climate finance, including support for loss and damage, must be grant based and channelled through our national budget systems. Project based financing of climate action is unsustainable and out of step with the scale of a crisis we did the least to cause. Vulnerable countries should not have to choose between climate action and educating our children, caring for the sick or securing food and water. Yet that is the choice we face with every dollar we spend. We therefore call for the full capitalisation of the Pacific Resilience Facility, and an ambitious and timely third replenishment of the Green Climate Fund. Our region has long led on climate action, and we will continue to lead. The Pre-COP31 meeting, to be hosted in the Pacific by Australia in partnership with Fiji and Tuvalu, will bring the reality of climate change directly into the heart of the global process. I call on all parties and partners to come to that meeting and to COP31 with stronger commitments and concrete action. The communities on the frontline of the climate crisis deserve nothing less. Mr. president, Solomon Islands welcomes the convening of the second high level meeting on sea level rise and the adoption of the first political declaration on sea level rise. Every day our people are defending their coastlines, strengthening their resilience, protecting their food and water security and their cultural heritage, and, where there is no other choice, relocating. But we cannot do this alone. I call on this assembly to match the courage of our Pacific communities with collective international resolve to scale up adaptation and resilience finance, and to support communities facing climate mobility needs.
This cannot be fair. So that, believe me when I say that change is possible. As we have seen consistently with measures from the Bridgetown Initiative in less than one year, Barbados as chair of the climate Vulnerable countries, the V20 countries, along with the OPEC Fund for International Development, designed and launched the Vulnerability to Viability Compact on four pillars, bringing about 74 countries along with 16 development finance institutions globally, to expand access to affordable long term capital for education projects, health projects and water infrastructure. The CVF also had its governors of the central bank meet to establish the Lifeline Fund, which will shortly be operationalized. It seeks to provide rapid liquidity when climate shocks create balance of payments pressures for countries. So we are moving to help ourselves. We have been resolute, and the reason for it is that we know that you cannot build hospitals and schools and water infrastructure with ten and 15 year money. It crowds out critical investments for our people and leaves you flat footed. And that is why this important initiative represents real progress. But mechanisms such as this one cannot, on their own, address the underlying flaws of the international financial architecture. I repeat that for almost five years, the Bridgetown Initiative has consistently argued that climate resilience, debt sustainability and access to affordable finance cannot be treated separately. For many vulnerable countries, the problem is not simply the availability of capital, but whether we have the fiscal space to borrow and to invest on reasonable terms.
