wide recession if the financial crisis induces the governments of developed countries to take measures that might curb the freedom of international trade and reduce the flow of investments. We therefore appeal to the parties concerned to take urgent and effective action to remedy the flaws in the international financial system and strive to re-stabilize it. In this regard, there is an imperative need to mobilize and coordinate international endeavors through specialized multilateral organizations in order to address this crisis and reach an international agreement on ways to remedy the defects in the world economy in such a way as to secure a financial system that offers equal opportunities to all the parties while, at the same time, providing appropriate liquidity for the developing countries and safeguarding their monetary reserves from the collapse of any of the major international currencies. Mr. President, The Declaration of the Millennium Development Goals constituted an important turning point on the road towards the adoption of a common developmental vision within a framework of complementarity between national and international endeavors. Since its establishment, the Kingdom of Saudi Arabia has realized the importance of focusing on development and education endeavors and has adopted successive development plans which have helped it to integrate the Millennium Goals in its national programs. The Kingdom has achieved notable success in exceeding the objectives specified in the Millennium Goals for some sectors and in making progress towards the achievement of the remaining Goals even before the year 2015. --More
