Exports had remained stagnant or drastically declined due to low world prices, failure to adapt to changing markets and policies penalizing their traditional activity, Maldives’ delegate told the Second Committee (Economic and Financial) today as it began its debate on macroeconomic policy questions.
Second Committee
Buffeted by a global economic slowdown, the impacts of climate change and falling commodity prices, least developed and landlocked developing States needed sustained international support, Member States said today as the Second Committee (Economic and Financial) discussed groups of countries in special situations.
International migratory flows were increasing and well-managed migration policies and governance were essential, Member States said today as the Second Committee (Economic and Financial) discussed globalization and interdependence.
Progress had been made to eradicate poverty, but hindrances like climate change, the technology gap, non-inclusive financial policies and geography continued to stifle development, speakers told the Second Committee (Economic and Financial) today as it took up that topic.
Although more than 95 per cent of the world’s population were now covered by mobile networks, it was necessary to bridge the digital divide between and within countries, said Thailand’s representative today as the Second Committee (Economic and Financial) debated “Information and communications technologies (ICTs) for development”.
Droughts and floods in Mozambique were causing displacement and having disastrous effects on its gross domestic product, agriculture and food security, that country’s representative told the Second Committee (Economic and Financial) today as it concluded its debate on sustainable development.
Implementation of the 2030 Agenda, Addis Ababa Action Plan and the Paris Agreement were the “moral imperatives of our time”, said General Assembly President Peter Thomson (Fiji) as the Second Committee (Economic and Financial) took up the topic of sustainable development.
The failure of globalization to benefit all, the growth of inequalities in international trade and the negative effects of climate change were the focus this morning of a joint meeting of the Second Committee (Economic and Financial) and Economic and Social Council.
Member States stressed the importance of the quadrennial comprehensive policy review and the value of South-South cooperation as the General Assembly’s Second Committee (Economic and Financial) held a debate today on operational activities for development.
Preventing climate change, enhancing international cooperation, and acknowledging the needs of specific groups and categories of States were necessary to implement the 2030 Agenda and achieve the Sustainable Development Goals, Member States said today as the General Assembly’s Second Committee (Economic and Financial) concluded its general debate.