Despite many commodity-dependent countries underperforming in development and falling further into debt, the global economy lacks an adequate response to the crisis, a Nobel Laureate told the Second Committee (Economic and Financial) and the Economic and Social Council as they met today for their annual joint meeting.
As the Second Committee (Economic and Financial) took up more than a dozen reports relating to sustainable development today, delegates spotlighted the importance of promoting renewable, sustainable and affordable sources of energy, also calling for more support for developing and least developed countries to sustain progress.
A widening digital divide and severely lagging Internet-use in developing countries threaten to leave those States in the technological wake and preclude progress on the Sustainable Development Goals (SDGs), a senior United Nations official and Member States told the Second Committee (Economic and Financial) today as it took up information and communications technology (ICT) questions.
Multidimensional macroeconomic crises are stalling or even reversing gains in development and poverty reduction, requiring not only urgent, comprehensive reform of an inequitable global financial system, but also new, innovative international tax cooperation, United Nations experts warned today, as the Second Committee (Economic and Financial) took up that issue.
Despite some progress in lowering poverty in least developed countries, it remains worrisomely high, hindering progress at all levels, a senior United Nations official told delegates today as the Second Committee (Economic and Financial) took up groups of countries in special situations.
The threats and ravages of climate change are inextricably linked to national and global progress on the Sustainable Development Goals, requiring urgent action in the environmental, financial and energy sectors, speakers stressed today as the Second Committee (Economic Financial) continued its annual general debate.
As developing States face compounding crises of onerous debt, extreme poverty and the costs of climate change, “business as usual is not viable” in steering the dangerously off-track Sustainable Development Goals (SDG) back towards progress, speakers warned today as the Second Committee (Economic and Financial) opened its annual general debate.
The Second Committee (Economic and Financial) of the United Nations General Assembly held the first meeting of its seventy-eighth session today, introducing its new Bureau and approving its organization of work.
The Second Committee (Economic and Financial) elected Carlos Daniel Amorín Tenconi (Uruguay) Chair on 1 June.
The Second Committee (Economic and Financial), during a brief meeting today, approved without a vote a draft decision (document A/C.2/77/L.78) regarding the revitalization of its work.
