Second Committee

The General Assembly would urge that multilateral development banks continue to move forward on flexible, concessional, and fast-disbursing aid that would substantially and quickly assist developing countries, by terms of one of 16 draft resolutions the Second Committee (Economic and Financial) approved today by consensus.

The General Assembly would stress the need to significantly reduce post-harvest and other food losses and waste throughout the food supply chain through increased promotion of appropriate harvesting practices, agro-food processing and appropriate facilities for the storage and packaging of food, according to one of seven draft resolutions that the Second Committee (Economic and Financial) approved today.

The General Assembly would stress the need to increase investment in agriculture and rural development, including by giving technical and financial aid to least developed and net food-importing developing countries, with a view to increasing their agricultural productivity and infrastructure, according to one of two draft resolutions the Second Committee (Economic and Financial) approved by consensus today.

The General Assembly would recognize the importance of strengthening and improving operational activities for development to maximize progress towards achieving the Millennium Development Goals, according to a draft resolution that the Second Committee (Economic and Financial) approved by consensus today.

The General Assembly would demand that Israel stop exploiting, depleting and endangering the natural resources in the occupied Arab lands, by the terms of one of five draft resolutions approved today by the Second Committee (Economic and Financial).

International financial stability was tied to the regulation of financial institutions so they did not accumulate too much risk, José Antonio Ocampo, Professor in the School of International and Public Affairs at Columbia University, today told the Second Committee (Economic and Financial).

Over the next decade, new technologies, including artificial intelligence, data analytics, robotics, and synthetic biology, would start to improve productivity, the Director of Scanning and Foresight at Policy Horizons Canada told the Second Committee today.

People and institutions with “deep pockets” were more likely to invest in businesslike models effecting social change because they tended to be more efficient and results-oriented, Tokunboh Ishmael, Co-Founder and Managing Director of Alitheia Capital, told the Second Committee (Economic and Financial) today.

Financial resources remained the “lifeblood” to meeting development goals, the General Assembly President told the Second Committee (Economic and Financial) today as it concluded its general debate on sustainable development.

The post-2015 development agenda must be built on a solid foundation guaranteeing the intrinsic right to sustainable development for all countries, several delegates told the Second Committee (Economic and Financial) today as it began its two-day debate on the matter.