Economic and Financial Committee ECOFIN

The Economic and Financial Committee is the Second Committee of the United Nations General Assembly. This committee concerns itself with questions of international importance regarding the economic and financial outlook of various countries and regions, along with ensuring sustainable collaboration in the pursuit of economic development for all nations. This year, ECOFIN will be tasked with addressing two critical questions of economic development for those in financially precarious situations around the globe. As you consider and discuss these topics, bear in mind the unequivocal necessity for multilateral collaboration and a wide variance of perspectives for effective resolutions to be passed. Topic A requires delegates to consider the often-overlooked nature of economic institutions and infrastructure in war-torn regions. Without a comprehensive approach to economic recovery, war-torn regions face extensive and drawn-out difficulties in attaining peace. Topic B will consider the need for universal financial access – an encompassing term for banking infrastructure, sources of capital, public financial services for citizens, etc. Emphasis in this topic will be placed especially on those who are socioeconomically disadvantaged in order to combat economic inequality. The expansive nature of these topics will require inventive and unconventional solutions, tackling not only the short-term issues but the long-term strategic risks.

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