UN General Assembly
2010

experience shows that it is possible, but only with the full understanding and support of the population. Latvia has carried out large-scale reforms, and we are ready to share our experience. That is one of the reasons why Latvia has put forward its candidature in this year’s elections to the Economic and Social Council. Prudence will be a key element to prevent future economic crises, but not the only one. Global financial governance will be another such element. Latvia commends the role and leadership shown by the Group of Twenty (G-20) countries. Financial governance should be global, and we highly value the initiatives put forward towards that end by the G-20, international financial institutions and other forums. The world is entering the second decade of the twenty-first century, and there are challenges to security, peace and prosperity. They can be met only by a common effort and the unity of mankind. I wish us all the wisdom and courage to maintain the higher interest in the common good. Latvia looks forward to a fruitful sixty-fifth session of the General Assembly.