President Nguema of Equatorial Guinea

The president of Equatorial Guinea, Obiang Nguema Mbasogo, said there was no political basis for North-South cooperation. Rather, he said, there was one of confrontation of selfish interests where the strongest or richest always succeeded. This unequal economic distribution worldwide had given rise to social and political insecurity in many parts of the world. He told the Assembly that there was a lack of political will to foster economic development in Africa as its population suffered from hunger, poverty, war and epidemics. The continent, he said, needed economic input and the transfer of technology so that democracy could flourish.