The Economic and Financial Committee (Second Committee), is chaired by
H.E. Amb. Tiina Intelmann of Estonia. During this session, it will deal with issues relating to economic growth and development such as macroeconomic policy questions (including international trade, debt and commodities), financing for development, sustainable development, human settlements, poverty eradication, strengthening humanitarian and disaster relief assistance, globalization and interdependence, operational activities for development, and information and communication technologies for development.
The Second Committee will also consider issues relating to Groups of Countries in special situations - such as the Least Developed Countries (LDCs) and Landlocked Developing Countries (LLDCs). In addition, as directed by last year’s General Assembly, it will consider the section on economic and social affairs that is part of the Committee for Programme and Coordination’s proposed strategic framework for the period 2008-2009.
At the sixtieth session, the Second Committee took action on 45 draft proposals. The Committees are expected to act on a similar number of proposals during this year’s session. The body of legislation adopted by the Committee is also expected to build on the outcomes of the General Assembly’s recently concluded High-level Meeting on the Midterm Comprehensive Review of the Implementation of the Programme of Action for the Least Developed Countries for the Decade 2001-2010, and the High-level Dialogue on International Migration and Development.
In accordance with the on-going process of revitalization of the General Assembly, the Second Committee is engaged in updating its working methods and practices in order to improve the quality of debates and the impact of their deliberations and decisions, as well as to further streamline the Committee’s agenda and programme of work, biennialize agenda items, cluster the consideration of agenda items thematically, hold interactive “question time” sessions with secretariat officials after the presentation of substantive reports, and actively work to reduce the number and length of draft resolutions adopted during its sessions.
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