United Nations : Economic and Financial Committee
by: Aprilia Gayatri | Total views: 158 | Word Count: 447 | View PDF | Print View
The Economic and Financial Committee, commonly known as the ECOFIN Committe,
it is the committee in United Nation General Assembly. The General Assembly
subsidiary organs are divided into five categories: Committees, Commissions,
Boards, Councils and Panels, Working Groups and Other. There are six main
Committees with the different mandates : First Committee is The Disarmament and
International Security Committee. Second Committee is The Economic and Financial
Committee is concerned with Economic questions and to solves problems in the area of global finances and
economics. Third Committee is The
Social, Humanitarian and Cultural Committee. Fourth Committee is The Special Political and Decolonization Committee.
Fifth Committee is The Administrative and Budgetary Committee, and Sixth
Committee is The Legal Committee.
The Ecofin
Committee covers UN policy in a number of areas including: economic policy
coordination, economic surveillance, monitoring policy and public finances,
financial markets and capital movements and economic relations, financing for development, sustainable
development, human settlements, poverty eradication, strengthening humanitarian
and disaster relief assistance, globalization and interdependence, operational
activities for development, information and communication technologies for
development. The Second Committee, EcoFin works closely with many
prominent global financial and trade organizations such as World Bank,
International Monetary Fund (IMF), and World Trade Organization (WTO).
The Global Community believes all citizens have the right to share the
wealth in the world. Committee’s commitment to the first goal of Millenium
Development Goal, eradicating extreme poverty, by focusing its assistance on six key areas where it can add
particular value. There are the link between trade and development; regional
integration and cooperation; support for macroeconomic policies and equitable
access to social services and transport; food security and sustainable rural
development; good housing for all citizen, and law enforcement. To
provide poverty reduction
strategy and to guide public action to reduce poverty, Economic and
Financial Committee have initiated international programs. That programs are being supported under the Poverty Reduction Growth
Facility by IMF and the Poverty Structural Adjustment Credit by World Bank, working
to support them from trade to macroeconomic policy, to monitoring and to
coordination.
In most country, Banks are playing an important role
in economic development. The ECOFIN Committee stressed that Banks function on
development strategy are improving investment climate and empowering people.
ECOFIN Committee will assist the government in developing country to improve
their national economic system, such as by perform taxation. The goal of tax
policy is to create a system of public finance which strengthens and maximize
incentives for fair distribution of wealth,
infrastructure development, social services, and support many activities in one
country.
By : Aprilia Gayatri (Faculty of Law Padjadjaran University) & Angky Agustrin (Faculty of Social and Political Science Padjadjaran University)
About the Author
Aprilia Gayatri
Faculty of Law Padjadjaran University
email : apienx_mail@yahoo.com
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http://binchoutan.wordpress.com
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