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ECOFIN (Economic and Financial Committee) was established in 1945 after the Second World War. It is the second of six committees in the United Nations General Assembly. The second committee first met in London in 1946, and since then meets once every year in October for a 4-5 week session. Currently, there are 193 members in the General Assembly and only two non-member observer states that have the ability to speak during sessions; however, they do not have the ability to vote in the General Assembly. The Second Committee is chaired by His Excellency Mr. Sven Jürgenson of Estonia. Along with the chairman the Second Committee has three vice-chairmen and a rapporteur. The chairman enforces the rules of the assembly but he has no say in the decision making. The vice-chairman’s roles are to act in the absence of the chairman while the rapporteur reviews the reports at the end of each session. During the seventy-first session the Second Committee took action with thirty-six draft proposals and during the seventy-second session took action on just as many draft proposals. The Second Committee tackles many topics during their sessions, three of which are macroeconomic policies among members of the General Assembly, sustainable development for protection against climate change in the present and the future of mankind, and globalization with advancing connection in an interconnected world. The Second Committee also deals with some other similar topics such as international trade, debt sustainability, secure financing, elimination of poverty, human settlement, and interdependence. Recently, in September of 2017, the Ministers of Foreign Affairs met at the United Nations headquarters for their forty-first annual meeting. The Ministers reviewed the Charter of Algiers which laid down the basis of unity, cooperation and solidarity of the developing countries and their dedication to economic and social development. The Ministers insisted that eliminating all forms of poverty was of utmost importance. They are hoping that by 2030 they will have accomplished implementing this agenda and its commitment to sustainable development in developing countries as well as middle-income countries, countries afflicted with conflict and countries under foreign occupation. Lastly, financial development is crucial to the success of the agenda, using financial and non-financial resources for improvements in infrastructure, health, and education.The planet is currently facing a severe climate crisis with massive droughts and desertifications spanning across the African continent. The Second Committee has been attempting to implement changes to help secure humanity and protect it from these threats. With backing from the Department of Field Support, plans to achieve sustainable development include infrastructure enhancements, energy efficiency, and increasing the use of renewable energy. This will be accomplished with the use of solar power, fuel-efficient ground transport, and improved water and waste management practices.Globalization, the concept in which businesses, countries, and organizations, operate on an international level, has been a topic of much debate in UN and across the world. Due to globalization, GDP doubled at its rate between 1985 and 2007; however, since 2012, it has barely been able to outpace any growth. Despite this, the Second Committee is ensuring the best transition to globalization by distributing it evenly and leaving no countries behind using applications such as the 2030 Agenda for Sustainable Development. The Second Committee plans to make this possible by increasing coherence, consistency in international trade, and governance.

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