The Economic and Financial Committee of the UN General Assembly –or else, “Second Committee”- is among the six GA committees established in 1945. The principal objective of the Committee is to preserve financial stability and promote sustainable development to both developing and developed states. The committee’s mandate extends to macroeconomic policy questions and issues regarding financing for development, human settlements, interdependence and globalization, poverty eradication, food security, as well as communications and information technologies for development. In addition, it takes into consideration the specific problems countries in special situations deal with, such as the cases of the Least Developed Countries (LDCs) or the Landlocked Developing Countries (LLDCs).
What is important to address is that the GA lacks the enforcement power the UNSC undertakes, except in certain issues in which the failure of the permanent members to reach a consensus is impeding the Council’s ability to respond to a case of emergency. Nonetheless, since the GA committees consist of all UN member-states with equal representation, their resolutions carry considerable weight in terms of representing the international community’s opinion. While thinking about the committee and the work you hope to accomplish in it, keep in mind one final point. All issues concerning the global market and economy are of great national concern to all nations.
As delegates in this MUN simulation of the 2nd Committee of the General Assembly, you will also attempt to emulate the great traditions and relive the sixty years of debate, diplomacy and discussion!
ThessISMUN 2017 – UN General Assembly – 2nd Committee
Hello everyone! My name is Orestis Lagouvardos-Kotronis and I was born and raised in Athens. During the 16th session of ThessisMUN I will have the pleasure of serving as the President of the 2nd committee…[view more]
My name is Marios Tokas and I am a 4th year undergraduate law student at the University of Athens.This will be my 3rd consecutive participation in the ThessisMun and I will be having the honor, the privilege and more importantly the pleasure to serve as co-chair in the 2nd Committee…[view more]
1. Financial Inclusion for Inclusive Growth and Sustainable Development: the promotion of access and usage of financial services as a mean for achieving the Sustainable Development Goals.
2. International tax regulation: Combating tax evasion, tax loopholes and double taxation that hamper development efforts in both developed and developing countries.