Leaders of the Non-Aligned Movement (NAM), on Thursday resolved to follow up on the outcome of the United Nations High Level Conference on the World Financial Crisis, to prevent measures that would be taken at the expense of developing countries.
They also pledged their full support for initiatives at the regional level to respond to the crises and to commit themselves to enhance their participation in decision making in the international financial institutions, to mitigate the effect of the crises.
The decisions were contained in a declaration at the end of the two-day 15th Summit of the Heads of State and Government of the 118 nation- movement in the holiday resort city of Sharm El Sheikh, in Egypt.
The Summit held on the team: "International Solidarity for Peace and Development," also discussed the global financial crunch, the current post Cold War challenges, the effects of global climate change, energy crisis and human and illicit drug trafficking.
Other areas of concern to the Summit were the resurgence of political conflicts, the situation in the Middle East, disarmament and international security, reforms at the United Nations, attainment of food security as well as the Millennium Development Goals and special needs for Africa.
Egyptian President Hosni Mubarak took over as Chairman from President Raul Castro Cruz, President of the Council of State and Government of Cuba for a three year term.
The Summit observed that the financial crises would adversely affect the developing countries than the industrialised nations.
Members stated their commitment to join the Group of 77 and China to press for fundamental reforms of the international economic and financial systems and architecture to reverse major flaws.
The Summit also pledged to enhance its co-operation with the United Nations, the Food and Agriculture Organisation and other global food organisations to take decisive actions on trade and agricultural issues within the current negotiations in the Doha Roundtable.
The leaders declared to give due consideration to maximised the ability of the NAM to deal with disarmament and international security especially in the Middle East, peace keeping, human rights and democracy and self determination.
They also demanded the achievement of a just and comprehensive peace in the Middle East, based on relevant United Nations Security Council Resolutions, the Madrid Terms of Reference land for peace and the Arab Peace Initiative in its entirety.
The leaders called for an expeditious reform of the Security Council through expansion of members and improvement of its working methods.
They called for the rejection of the unilateral sanctions imposed on some NAM countries, which adversely affect the economies and peoples of those countries, in contradiction to international law and the purposes and principles of the UN Charter.
The NAM was created and founded amidst the period of the collapse of the colonial system and the beginning of independence movements of people of Africa, Latin America and other regions of the world at the height of the Cold War.
During the early days of the movement, its actions were a key factor in the decolonisation efforts, which later led to the realisation of freedom and independence by many countries and peoples and to the founding of new sovereign States.
Throughout its history, NAM has played a fundamental role in the preservation of world peace and security.