7 March 2012

Intervention by Mr. Mohammad Hassani Nejad Pirkouhi

 Representative of the Islamic Republic of Iran

during ECOSOC Thematic Debate on Global Governance

(New York – 7 March 2012)


Mr. President,

At the beginning, I would like to appreciate you for organizing this debate and to thank all panelists for their contributions.

For decades, developing countries have called for equal voice and participation in global economic bodies. In other word, they consistently urged that those bodies operate more like the United Nations. However, instead of making Breton Woods Institutions work more like the UN the recent calls under the name of global economic governance implies the other way around, i.e. they ask participatory and inclusive UN to work more like outside exclusive bodies or asking UN ECOSOC be complementary to G20/BWIS. This is a real concern that if unattended will compromise representation of the weakest and poorest Member States. We continue to call for genuine and substantial reform of Breton Woods Institutions and other exclusive bodies in a way that ensures real voice and participation of all members of the world community therein.

Comparing to all other arrangements and taking into accounts its legitimacy and universal membership, the United Nations is the best available means to bring the needed changes to the global economic governance. Indeed, it has delivered whenever its members, specially the  bigger ones, really wanted it to do so. It has not just delivered on easy subjects but on very difficult ones and, not only in easy times but also in very difficult moments. It has been the main source of visions and ideas as well as globally agreed norms and regimes. We, meanwhile, support the calls for making it more swift, responsive and effective. However, no reform should be an excuse to curb the participatory nature of the UN, otherwise it could not be called UN anymore.

Mr. President,

It is the high time to negotiate a modern global economic governance structure, within the framework of the UN, which ensures inclusiveness, transparency and effectiveness while brings about equality and integration. The proposals for strengthening ECOSOC, should it be conducted in a way that avoids the premises upon which bodies such as Security Council are being run and controlled or making it a second class player beyond G20/ BWIs, seem very much interesting.

The new structure has to ensure that global trade and financial governance work for development. In doing so, the mandate of the current institutions need to be revisited to put stability and development on top of their agenda while reverses the predominance of financial markets over real economy. In short, we call for an effective global economic governance that make the globalization work for development.

Thank you very much.

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