Sheikh Nasser, addressing the UN General Assembly’s (UNGA) 63rd session, also said that Kuwait has honored the Millennium Development Goals (MDGs) specially in educational and health fields.
"We renew our demands to introduce the necessary improvements in the work methods of the Security Council, cast more transparency on its work, increase the number of its members, in accordance to standards and controls which will achieve equity in representation and efficiency in the performance of its duties," Sheikh Nasser said before the UN General Assembly’s (UNGA) 63rd session.
The UNSC reforms means the body should have more responsibilities in maintenance of international peace and security, provided that it takes into consideration the legitimate demands of Arab and Islamic countries, also the aspirations and interests of small states, said the Kuwaiti Prime Minister.
Countries within the UN are discussing the UNSC reforms including the increase of members and permanent members.
"The constant changes and transformation in the world order, the emergence of new problems and challenges call for a constant reforms as well as restructuring of many of the United Nations bodies to accompany these changes and improve their performance," said Sheikh Nasser.
Sheikh Nasser is reprenseting Kuwait to UNGA. He held many meetings with leaders of countries participatin in UNGA.
Before coming to New York, Sheikh Nasser was in Washington where he met with US President George Bush, secretary of state Condoleezza Rice, Congressional leaders and Kuwaiti studnets in the US.
Sheikh Nasser, meanwhile, said most significant challenges facing the international community were rise in prices of food, basic commodities, as well as energy prices, and climate change phenomenon.
"The danger of these challenges lies in their global impact, their effects transcend national borders," he noted.
These challenges, he went on, would revert the international community many steps backwards from achieving the Millennium Development Goals (MDGs), citing negative effects in the African continent, which did not achieve any significant progress in the eradication of poverty, hunger or in the combat against dangerous infectious diseases, such as AIDS malaria.
Sheikh Nasser also said that security challenges like terrorism, proliferation of weapons of mass destruction (WMD), and human rights violations posed a serious threat to international peace and security.
However, Sheikh Nasser asserted that the State of Kuwait had already achieved economic and social development, improved living conditions of Kuwaiti citizens and expatriates.
"Kuwait also made good progress in implementing the commitments and resolutions of the 2005 World Summit, realized all the Millennium Development Goals, including education and health, as well as advancing the role of women in society and their empowerment, he said.
The Kuwaiti Prime Minister told UNGA that leaders of Kuwait sought to transform Kuwait into a financial and business center in the region, meeting wish of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Sabah.
"The Kuwaiti Government has taken numerous important decisions, adopted new policies, and devised new strategies with a view to restructure the national economy and consolidate trade and investment activities, in order to provide an adequate investment atmosphere to attract national and foreign capitals for their investment in the vital economic sectors, such as energy and infrastructure," he said.
Kuwait has not restricted endeavors to improve economic and social living internally, but spared no effort to help developing countries, specially the least developed nations through official and non-official institutions.
"This course is a constant in Kuwaiti foreign policy, emanating from its conviction that advancing the economies of the developing countries … It amplifies the horizons of partnership, cooperation and solidarity, which will further consolidate the global economic trade systems, he said.
Sheikh Nasser said that Kuwait Fund for Arab Economic Development (KFAED) has, since its establishment in 1961, been extending grants and loans exceeding USD 12 billion to finance infrastructure projects in over 100 developing countries.
Kuwait is also providing voluntary contributions to many international and regional organizations active in fields of providing humanitarian and relief assistance, he said.
Kuwait decided last December to appropriate 10 percent of any amount of contribution or donation it is giving to any country afflicted by disaster, to the specialized organizations working in the field.
Sheikh Nasser also said that Kuwait established the Decent Life Fund with a capital of USD 100 million to develop and improve agricultural production in developing countries.
Kuwait also announced USD 150 million donation to a fund established during the last OPEC Summit held in Saudi Arabia, dedicated to conduct research studies in fields of energy, environment and climate change.
Turning to Oil, Sheikh Nasser said Kuwait continued to follow a balanced oil policy, which takes into consideration interests of the consuming countries as well as the producing ones, as well as maintain the stability of prices in the world market.
But, he noted, the unjustified sky-high rise in prices, which is a source of concern, is caused by factors that are out of control of producing countries, notably speculations, additional taxes on fuel, lack of construction of new refineries as well as upgrading existing ones.
These factor lead to exacerbation of economic crises and to the rise in rates of inflation in developing countries.
Talking about the financial turmoil in world markets, Sheikh Nasser expressed "our deep concern" at the plunging stock markets while at the same time welcoming the US government plan of action to address mortgage crisis through USD 700 billion bailout to end its negative effects, not only on the US but in various economies around the world.
The Kuwaiti Prime Minister then talked about need of achieving sustainable development in the Middle East region which required necessity of reaching a comprehensive, just and lasting peace basedon UN resolutions, land-for-peace principle, the roadmap and the Arab peace initiative in order to reach a two-state solution — Israel and Palestine.
He expressed full support to Syria to regain its occupied lands, and said kuwait was backing all Lebanese parties to implement the Doha agreement.
Turning to Iraq, Sheikh Nasser welcomed progress achieved in confronting terrorism and hoped the Iraqi people would be able to achieve a comprehensive national reconciliation for the sake of building a democratic, free, secure and independent Iraq, living in peace with itself and its neighbours and respects its international obligations and commitments.
Kuwait, he underlined, would not spare any effort to supporting regional and international efforst to help Iraq address the security, political and economic challenges, as well as maintenance of its security, stability, political independence, respect of the sovereign integrity of its territories, and non-interference in its political affairs.
Sheikh Nasser, on the other hand, said contacts between the United Arab Emirates (UAE) and Iran would continue to tackle the conflict over the occupied UAE islands in line with international law.
Iran has been occupying the UAE’s greater and lesser Tunbs and Abu Moussa islands since the early 1970s.
Staying with Iran, Sheikh Nasser called on Tehran to continue cooperation, with transparency, with the International Atomic Energy Agency (IAEA) in order to dispel fears and doubts about the nature of its nuclear program.
Kuwait also calls upon the international community to deal seriously and without favoritism with Israel, the only country in the region not party to the Non-Proliferation Treaty (NPT), to subject all of its nuclear facilities under IAEA’s Safeguard regime.
This would pave the way for declaring the Middle East.