Economic and Financial Committee ECOFIN
GROUP: GENERAL ASSEMBLIES
- Topic A: International Cooperation on Fighting Illicit Financial Flows
- Topic B: Developing New Standards for International Trade Agreements
TOPIC A International Cooperation on Fighting Illicit Financial Flows
TOPIC B Developing New Standards for International Trade Agreements
DELEGATION SIZE Double
EXECUTIVES
- Jonathan Allen (he/him)
- Cara Wilson (they/them)
- Eric Olaizola (he/him)
The Economic and Financial Committee, or ECOFIN, is the Second Committee of the United Nations General Assembly. ECOFIN grapples with questions of economic growth and development, including global macroeconomic policy, sustainable development, globalization, and the eradication of poverty. This year, our thematic topic for ECOFIN is leveraging international cooperation to resolve local issues. Delegates will have the opportunity to build global platforms and think outside their country’s borders to build a more connected, sustainable, and safe world. Doing so will require delegates to address multiple interconnected issues within their solutions, creating broad frameworks containing specialized solutions that meet the needs of the international community.
Topic A: International Cooperation on Fighting Illicit Financial Flows
Money from dubious sources is prevalent throughout the global financial system and often goes to dangerous groups. National and international supply chains have been established to trade illicit goods, launder money, or finance forms of terror, which is why it is imperative to interrogate the ways in which nations can cooperate to disrupt these networks. No sector of the economy is untouched by illicit finance, from the multinational banks which process the money all the way down to the small businesses which launder it. Additionally, tactfully navigating the rights and jurisdiction of individual nations and their economies will be required as well. Delegates will have the opportunity to discuss actionable solutions to disrupt global criminal and money laundering networks, and build new frameworks to promote transparency, accountability, and fairness.
Topic B: Developing New Standards for International Trade Agreements
The core of this topic is the ways in which international trade can be more effective, more efficient, and more equal. The central issue delegates will have to face is how to balance the benefits of expanding the global market against protecting the interests of workers around the world. This could include addressing imbalances in existing trade agreements, building out robust worker protections, or establishing greater accountability for powerful foreign investors. As part of this discussion, they must critically consider the role of organizations like the WTO to judge whether they truly benefit everyone or whether they serve the interests of developed nations. Committee may focus on alternative forums for cooperation or reworking existing forums.
Documents
Committee Members
United States
Afghanistan
Albania
Algeria
Andorra
Angola
Anguilla
Antigua and Barbuda
Argentina
Armenia
Australia
Austria
Azerbaijan
Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bhutan
Bolivia, Plurinational State of
Bosnia and Herzegovina
Botswana
Brazil
Brunei Darussalam
Bulgaria
Burkina Faso
Burundi
Cambodia
Cameroon
Canada
Cape Verde
Central African Republic
Chad
Chile
China
Colombia
Comoros
Congo
Congo, the Democratic Republic of the
Costa Rica
Cote d'Ivoire
Croatia
Cuba
Cyprus
Czech Republic
Denmark
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Equatorial Guinea
Eritrea
Estonia
Ethiopia
Fiji
Finland
France
Gabon
Gambia
Georgia
Germany
Ghana
Greece
Grenada
Guatemala
Guinea
Guinea-Bissau
Guyana
Haiti
Holy See (Vatican City State)
Honduras
Hungary
Iceland
India
Indonesia
Iran, Islamic Republic of
Iraq
Ireland
Israel
Italy
Jamaica
Japan
Jordan
Kazakhstan
Kenya
Kiribati
Korea, Democratic People's Republic of
Korea, Republic of
Kuwait
Kyrgyzstan
Lao People's Democratic Republic
Latvia
Lebanon
Lesotho
Liberia
Libya
Liechtenstein
Lithuania
Luxembourg
Macedonia, the Former Yugoslav Republic of
Madagascar
Malawi
Malaysia
Maldives
Mali
Malta
Marshall Islands
Mauritania
Mauritius
Mexico
Micronesia, Federated States of
Moldova, Republic of
Monaco
Mongolia
Montenegro
Morocco
Mozambique
Myanmar
Namibia
Nauru
Nepal
Netherlands
New Zealand
Nicaragua
Niger
Nigeria
Norway
Oman
Pakistan
Palau
Peru
Panama
Papua New Guinea
Paraguay
Philippines
Poland
Portugal
Qatar
Romania
Russian Federation
Rwanda
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines
Samoa
San Marino
Sao Tome and Principe
Saudi Arabia
Senegal
Serbia
Seychelles
Sierra Leone
Singapore
Slovakia
Slovenia
Solomon Islands
Somalia
South Africa
South Sudan
Spain
Sri Lanka
Sudan
Suriname
Swaziland
Sweden
Switzerland
Syrian Arab Republic
Tajikistan
Tanzania, United Republic of
Thailand
Timor-Leste
Togo
Tonga
Trinidad and Tobago
Tunisia
Turkey
Turkmenistan
Tuvalu
Uganda
Ukraine
United Arab Emirates
United Kingdom
Uruguay
Uzbekistan
Vanuatu
Venezuela, Bolivarian Republic of
Vietnam
Yemen
Zambia
Zimbabwe