text: Presidents oftheGeneral Assembly. Theideasputforward bythePresidentsCharter anditsfund~mental purposes.o~~ereventshavebeenplanned tocommemorate thefortieth annivetsary and,I--------------------------~-~-NR/rd A/40/PV.15 4-5 (Mr•Maynard,Bahamas) evidence oftheircommitment topeaceinallviableways·(resolution 37/16). Theglobaleconomy continues tobepla~ued byserious problems whichdemand oururgentattention. Suchproblems areexceptionally acuteindeveloping countries, asthedebtcrisishasplacedasevereburdenontheireconomies. Protectionism threatens toexacerbate further ourtradeimbalance. Additionally, theinternational financial stystem hasfailedtorespondeffectively and efficiently totheplightofthepoor~rcountries. Thestructural adjustments necessary toeffectlong-term solutions canbeachieved onlywiththeco-operation oftheNorthandtheSouth. .' ".AMH/4 A/40/PV.l5 6 (Mr.Maynard, Bahamas) Fromalong-term perspective, wemust bolst~r theadequacy andefficiency of theinternational monetary andfinancial systems withaviewtostabilizing international financial conditions andrendering themlesscapricious. Thiscalls for,amongotherthings, awidersharing oftheadjustment burden, ongoing consultations between debtors andcreditors, international assistance todeveloping countries ondebt manc~ement atthenational level,including information onall aspects ofexternal debt,andtheapplication ofthemulti-year rescheduling mechanism tomoredebtorcountries. Wetherefore concurwiththeviewthat,inanefforttomitigate futureworld economic crises, thetraditional rolesoftheInternational Monetary Fund(IMF)and theWorldBankmustbeexpanded sothattheymightoperate inamanner whichwould, first,facilitate adjustment processes, whichatoncesustain inflationary growth andprotect andimprove basiclivingstandards; secondly, provide themwitha catalytic stimulus tomobilize greater flowsofprivatecapital; thirdly, improve extelnal debtmanagement bydeveloping betterearlywarning anddebtrescheduling mechanisms; and,fourthly, temper, ratherthanreinforce, cyclical fluctuations. Theworldhasbeenvisibly shakenbythedevastating, effects ofthedrought situation insub-Saharan AfricaandtheuntoldhumansUffering ithasengendered. TheBahamas commends thelaudable efforts oftheinternational community, which have,tosomeextent, alleviated thisdiresituation. TheBahamas waspleased to beapartofthistimelyinternational endeavour. Alleviation oftheacutesituation maybeacceptable asashort-term measure. Toovercome theprevailing economic andenvironmental problems, however, increased sensitivity onthepartofdonorcountries andinternational financial institutions isasvitalasdomestic policyreforms.AMH/4 A/40/PV.l5 7 (~aynard, Bahamas) Realistically speaking, theinternational co~~unity hasnoalternative butto cometogripswiththeinterdependence ofcountries, notonlyintermsof intern~tional peaceandsecurity butalsointermsoftheglobaleconomy. This wouldofnecessity involve theimmediate strengthening ofmultilateral co-operation. Ourchallenge istocreateaneweraofprosperity. Itis imperative, then,thatwemakethechoices whichleadtoexpansion ofeconomies and markets. Everyone agreesthat,ifthearmsracecontinues toescalate, allmankind wouldbeannihilated. Iamtherefore amazedthatbillions ofdollars arebeing spentontheacquisition ofarmswhilemillions ofhumanbeingsarestarving to deathbecauseoftheunavailability offood. Theinternational community hasbeenseizedofthequestion ofdisarmament aince1945andtodatewecanpointtofewresolutions ondisarmament thathave beenimplemented. Morethaneverbeforethereistheneedtodevelop st!ong measures forafreezeonn~clear andconventional armsandtoabolish theuseof chemical weapons. Statesmustbeencouraged toadopttheconcept of interdependence asthemaincoursetopositive solutions. Tohelpmakedisarmament areality, myGovernment welcomes regional approaches inestablishing nuclear-weapon-free zones,orpeacezones,asdeterrents. We further support thevi~wthateffective implementation canbeachieved inthe following manner: first,theinitiative mustcomefromallStatesintheregion~ secondly, provision forcompliance andverification mustbemade~thirdly, all parties shouldbeprohibited fromdeveloping nuclear explosive devices~ and, fourthly, existing security arrangements shouldnotbedisturbed tothedeteriment ofregional andinternational security.I IAMB/4 A/40/PV.lS 8 (Hr.Maynard, Bahamas) MyGovernment isconfident that,ifserious negotiations arecarried outat
analysis: The text primarily focuses on the global economy, international financial systems, and the impact of debt crises on developing countries. It also touches on disarmament, humanitarian aid, and environmental issues. The tone is predominantly concerned with finding solutions to global problems and promoting international cooperation.