United Nations Security Council (UNSC)
Disarmament and International Security Committee (DISEC)
Economic and Financial Committee (ECOFIN)
The United Nations Economic and Financial Committee tackles questions related to economic development, eradication of poverty, combating climate change, sustainability among others. It is closely tied to the Economic and Social Council and the topics discussed here are often broad and the committee tries to tackle these very complex issues with international cooperation. It is the nature of this committee that delegates will be assigned one of the many difficult topics of the present day that, at this point, has no clear solution and will require thorough debate and multilateral agreement if a meaningful resolution needs to be achieved.
The Group of 20 is not a part of the UN, but nevertheless represents an important attempt at multilateral problem-solving, especially related to economic stability and international cooperation. Built on the model of the smaller G7, the G20 is composed of the 20 most developed countries who hold a disproportionate share of the world’s “GWP”. Many have criticized the G20 for outright exclusion of many emerging economies that will or already have surpassed the current members. It will be interesting to see how the G20 evolves with the shifts of the global economy towards new players, such as Asian and African countries. Upon its foundation in 2008, the first topic discussed was the Financial crisis but the dialogue has shifted in many ways towards sustainability and combating climate change. The delegates in the G20 will represent a powerful country with a big stake in the world economy and try to solve a current problem that affects us all.