Second Committee

Developed countries must take the lead to ensure the adoption of a legally binding agreement at the 2010 United Nations Climate Change Conference to be held in Cancun, Mexico, later this month, delegates stressed today as the Second Committee (Economic and Financial) began its consideration of sustainable development.

Given its stagnant food production and rising levels of malnourishment, Africa would not be able to feed itself unless the outside world helped with money and technology to spur agriculture across the continent, Malawi’s representative told the Second Committee today as it considered agriculture development and food security.

If managed effectively, migration could be greatly beneficial to countries of both origin and destination, the Second Committee heard today as it began its consideration of international migration and development.

With information and communications technology increasingly driving development in everything from business to health-care services to education programmes, it was imperative that all countries had the necessary broadband connectivity, speakers told the Second Committee (Economic and Financial) today.

In efforts towards meeting the Millennium Development Goals by 2015, it would be impossible to tackle poverty effectively and comprehensively without both understanding its multidimensional nature and creating decent employment opportunities for all, the Assistant Secretary-General for Economic Development in the Department of Economic and Social Affairs told the Second Committee (Economic and Financial) today.

With five years left until the 2015 deadline for meeting the Millennium Development Goals, and millions of people being pushed deeper into poverty worldwide, the international community must take immediate and comprehensive remedial action at the regional, national and international levels, delegates emphasized today as the Second Committee (Economic and Financial) considered the eradication of poverty and other development issues.

Although once well regarded as a powerful tool for strengthening cooperation and accelerating growth, globalization had resulted in disastrous consequences for developing countries, speakers stressed today as the Second Committee (Economic and Financial) took up its agenda item on globalization and interdependence.

Given the myriad challenges still facing least developed countries, small island developing States, and landlocked developing countries due to multi-dimensional global crises, the international community must work to establish a new, targeted and action-oriented programme of action at the Fourth United Nations Conference on Least Developed Countries next May, several speakers stressed today.

After the 2015 target year for realizing the Millennium Development Goals, global policymakers should consider replacing the current economic categories of countries by classifying them in a manner more appropriately reflecting their socio-economic situations and challenges, the Minister for Foreign Affairs of Bangladesh told the Second Committee (Economic and Financial) today.

Despite encouraging progress in strengthening the financing for development follow-up process, more must be done to ensure full implementation of the Monterrey Consensus and the Doha Declaration, delegates in the Second Committee (Economic and Financial) emphasized today.