A more equitable trading system and the cessation of unilateral sanctions would be critical to achieving sustainable development, speakers told the Second Committee (Economic and Financial) today during its debate on macroeconomic policy questions.
Traditional funding for development was insufficient due to the global economic and trade slow-down as well as persistent natural hazards, especially in small, vulnerable and highly indebted economies, Jamaica’s representative told the Second Committee (Economic and Financial) today, as it continued its general debate.
Eradication of poverty and adherence to financial commitments were crucial in improving the global economic infrastructure, speakers told the Second Committee (Economic and Financial) today, as it began its general debate.
The Second Committee (Economic and Financial) of the United Nations General Assembly held its first meeting of the seventy-second session this afternoon to introduce the Bureau and approve the organization of its work.
The Second Committee (Economic and Financial) elected Sven Jürgenson (Estonia) as Chair on 31 May 2017.
Concluding its work for the main part of the General Assembly’s seventy-first session today, the Second Committee (Economic and Financial) voted against a proposed amendment to a text by recorded vote, unanimously approving that draft as a whole, for a total of six draft resolutions on topics ranging from debt sustainability and development to food security and beyond.
The General Assembly would stress the importance of overcoming silos in sustainable development by the terms of a draft resolution approved by recorded vote, one of 15 draft resolutions taken up today by the Second Committee (Economic and Financial).
The General Assembly would declare an International Decade for Action, “Water for Sustainable Development”, according to one of five draft resolutions approved by the Second Committee (Economic and Financial) today. It deferred action on three others.
The General Assembly would emphasize the need to optimize economic, social, cultural and environmental benefits of sustainable tourism, especially in African, least developed and small island developing States, according to one of three draft resolutions the Second Committee (Economic and Financial) approved today.
The Second Committee (Economic and Financial) approved three draft resolutions today, including “Entrepreneurship for Sustainable Development” (document A/C.2/71/L.20/Rev.1).