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Second Committee


The Second Committee (Economic and Financial) today approved 12 resolutions, voting on two of them, with one of the texts calling for enhancing the capacity of the World Trade Organization (WTO) to increase pandemic and disaster preparedness and resilience, as Member States strive to recover from COVID-19 and its impacts.


With the Committee for Programme and Coordination unable to reach consensus and recommend the approval of programme plans in 2021, delegates in the Second Committee (Economic and Financial) today exchanged differing views on the role of their Committee in addressing programme planning, following the General Assembly’s decision to allocate that agenda item to all its Main Committees and the Plenary.


Poorer nations will feel the full brunt of COVID‑19 as the crisis continues, suffering from rising hunger, poverty and heightened inequities, a United Nations official said today at a joint meeting of the Second Committee (Economic and Financial) and the Economic and Social Council on productive capacities and the post-pandemic world.


With the COVID-19 pandemic upending economic gains and hampering efforts to push forward with country-level goals, speakers highlighted the need to harness South-South cooperation and ramp up funding for the United Nations development and resident coordinator systems, as the Second Committee (Economic and Financial) took up operational activities for development today.


With COVID‑19 sending shockwaves through trade and supply chains and pushing developing countries further behind, speakers called for urgent reform of the global trade system that ensures an equitable and inclusive recovery for all, as the Second Committee (Economic and Financial) took up macroeconomic policy today.