In the midst of a diplomatic stand-off with the West over his country's nuclear programme, Iranian President Mahmoud Ahmadinejad on Tuesday said the world was entering a new era in which NAM could turn into an alternative to UN Security Council, which has imposed sanctions on Tehran for its refusal to halt uranium enrichment.
"NAM (Non-Aligned Movement) could now, more than ever, play a significant role in this new phase and settle global differences, block discrimination, create justice and eventually become flag-holder of world peace," Ahmadinejad said in his inaugural address to a ministerial meet of the grouping in Tehran.
Afghanistan, Iraq, Palestine and Asia were in the grip of a "flame of war" which had made lives of the people of the region "bitter and painful," he said.
The Iranian President criticised the UN Security Council for serving the interests of major world powers rather than all of its member states.
The fiesty President claimed that the UN has failed to implement its own efforts at nuclear non-proliferation and nuclear disarmament, contending that international treaties do not have mechanisms to check nuclear proliferation by permanent members of the Security Council.
He said the 118-member NAM, by relying on its political and economic power, can play a key role in settlement of global challenges.
The movement, through formation of "a great peace and justice front" can prevent disputes and conflicts throughout the globe, he said urging the NAM to make strides towards materialisation of peace and justice in the world, the Iranian news agency, IRNA quoted Ahmadinejad as saying.
He also proposed a fund for different economic development projects for the NAM countries.