UN General Assembly
2011

independent mechanism to restructure and solve the problem of sovereign debt, which, among other proposals, should be discussed in a follow-up meeting to the 2009 conference. However, apart from the economic and financial crisis, the crisis of multilateralism has also been reflected in the lack of a timely and suitable response by the United Nations to the political crises that have occurred, in particular in the Middle East. These have once again demonstrated the urgent need to conclude the long-delayed process of a comprehensive reform of the Security Council. This reform of one of the main organs of the United Nations should be primarily aimed at democratizing its decision-making mechanisms, guaranteeing full respect for the principle of equitable geographic distribution, including regional 29 11-51681 representation, improving the Council’s working methods and strengthening the relationship between the Council and the General Assembly. All of this would provide the Council with the necessary legitimacy, effectiveness and representativeness to implement its mandates. At the sixty-fifth session, Ecuador took over the chairmanship of the Special Committee on Decolonization with the conviction that, starting in