UN General Assembly
2013

and a member of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), through which we are actively involved in forging a synergy of collective efforts in several areas of regional cooperation, including poverty reduction, trade expansion, investment promotion, connectivity improvement and socioeconomic advancement. Nepal is constructively engaged with arrangements such as SAARC and BIMSTEC for peace and prosperity at the regional level and with the United Nations at the global level. My delegation looks to the United Nations as the repository of our hopes and a true upholder of the universal values of peace, justice, equality, freedom and human dignity. Given that the United Nations mandate and structures were founded nearly seven decades ago, its reform has been a continuous process aimed at meeting the growing requirements of changing times. There are growing concerns that the United Nations bodies and the Bretton Woods institutions should be made more democratic, accountable, financially stable and responsive to all, as their decisions pervade the social, economic and financial architectures of nation States. Nepal supports the timely re-engineering of