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President of the 63rd seion of the United Nations General Aembly at the China Foreign Affairs University

Beijing, China, 25 February 2009 I am extremely happy and very grateful to have this opportunity to meet with you today, here at the China Foreign Affairs University and I feel honored and privileged that you have received me so warmly.I am from Nicaragua, but I am also Chinese at heart.From infancy and childhood I was taught by my parents to love China and everything Chinese.I have, through the years, followed developments in China.Being here again, after more than two decades and even before delving deeply in different aspects of Chinese realities, I can see that this century and, hopefully, many more are to be Chinese centuries as well.This is something that gives Third World countries reason to hope in a better future for themselves.All of us had looked forward to a long period of global economic growth that would have sustained and consolidated the remarkable progre being made by emerging economies in recent years.We all hoped that the Millennium Development Goals remained a realistic global effort against poverty and could be achieved by 2015.But these expectations now face major challenges.Fundamental flaws in the global economic, financial and trade system are increasingly apparent.The need for fundamental change is now recognized as neceary and inevitable.We now see we must adjust our planning and policies significantly and on an urgent basis.I envision the United Nations aerting a new and revitalized role in exploring global solutions to these crises.But I am sufficiently realistic to recognize that there will be no truly representative, global and sustainable response to this systemic crisis unle key countries – perhaps the People’s Republic of China more than any other--provide the leadership, the credibility, and the expertise in the long-term proce that is now just getting underway.The emergence of China as an economic powerhouse has been a transformation that has captivated the entire world.While others have squandered the opportunities to end poverty and live peacefully with their neighbors in prosperity, China has demonstrated what wise management, forward planning and cooperation – particularly South-South cooperation – can do.Your investment in Africa is an example of a kind of cooperation whose benefits are mutual.Fully one per cent of Africa’s growth rate has been attributed to China’s infrastructural investment that has for long been denied to the region.It is understandable that nations like China, which poe reserves that can help remedy the current slow down and prevent an even more devastating depreion, question discredited international financial institutions.There should be a creation of

alternative mechanisms with more representative systems of governance.The world needs such innovations.China recognizes that its prosperity and growth depends on the well-being of other nations and their peoples.You too are compelled to seek a more stable and just global economy and responsible financial architecture.It is for this reason that I appeal to China to bring it’s expertise, sense of solidarity and compelling vision of a just and prosperous future for the world’s people into this new proce of consultation and transformation.I ask that you support this proce and make available your experts to help guide our deliberations in the months and years to come.I appeal as well that the Conference in June be attended at the highest level.I admire your country’s commitment to facilitate consensus at the United Nations.I am convinced that China’s active support and commitment to this proce will serve as an example to others to achieve consensus on iues that will affect the course of history and the well-being of all of us.

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