The Non-Aligned Movement (NAM) closed the 15th summit Thursday with a declaration to continue supporting each other as well as to promote disarmament and international security, peacekeeping, human rights and democracy.

We will continue our support to the fundamental right to self-determination... We shall restore the lost balance between the main bodies of the United Nations and re-establish the role and authority of the General Assembly, the declaration said.

It also tackled the global economic crisis and its consequences on member states.

Cuban President Raul Castro addressed the opening session of the two-day summit at the Red Sea resort city Sharm el-Sheikh in Egypt.

 Libyan leader Moamer Kadhafi blasted the United Nations Security Council as a form of terrorism in a speech and accused it of harming NAM member states.

We are missing from the world's international organizations, such as the UN Security Council and the International Monetary Fund (IMF), Gaddafi said.

The UN Security Council is only for the permanent members, and the IMF is called international, but it is not, because it serves a certain group, he said.

The NAM summits have been called as the largest gathering of nations outside the UN General Assembly.

Founded in 1955, NAM's members represent around 56 percent of the global population.

NAM states consider themselves not formally aligned with or against any major power bloc. They meet every three years. The next meeting will be held in Iran.