UN General Assembly
1995

United Nations, and I would like to assure the Assembly that my country will do its best to fulfil its obligations. However, the current assessment formulas no longer fully reflect global economic and political realities. The High- level Open-ended Working Group on the Financial Situation of the United Nations was established by the Assembly in part in response to the necessity for revision of the assessment structure. The aim of a comprehensive financial reform must be to establish a transparent and reliable scale, reflective of Members’ real capacity to pay, automatically adaptable to changed national circumstances and giving consideration to the needs of countries with low per capita incomes. Let me conclude by wishing the General Assembly every success in the demanding work it faces during this session, and by pledging Armenia’s most active and efficient cooperation with the delegations of other States as you, Sir, preside over our deliberations.