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Reform of the Security Council and expansion of its membership have become an integral part of activating and invigorating the role of the United Nations itself.

The Philippine economy is ruled no longer by the tyranny of excessive regulation or of corporate monopoly but by the invigorating regime of market forces and free competition.

We have seen the progress made in this field as an integral part of the overall effort of invigorating the social and economic sector of the United Nations.

Later that year, however, the government of Saad Hariri, Rafik Hariri s son, brought new hope, prompting the IMF to declare that it had opened a new window of opportunity for invigorating economic reforms.

The continuing effort during the coming year will involve enhancing planning activities through greater coordination among departments, improving budgetary planning and financial operations, invigorating structures for audit, investigation and programme evaluation, introducing a comprehensive staffing plan and ensuring the security and safety of staff in the field.

Welcoming in this regard the adoption by the General Assembly of the Agenda for Development,Resolution 51 240, annex. which declares that development is one of the main priorities of the United Nations and which aims at invigorating a renewed and strengthened partnership for development, based on the imperatives of mutual benefits and genuine interdependence,