Novice Second Committee - Economic and Financial (ECOFIN)

Committee Profile

The Economic and Financial Committee (ECOFIN) was established in 1945 as the Third Committee of the United Nations General Assembly. With a primary focus on economic growth and development, ECOFIN tackles a wide array of pressing global issues related to financial flows, sustainable development, and poverty eradication. In the current 76th session, the committee is focused on promoting sustainable economic growth and international security.

Topic A: Combating Tax Evasion and Illicit Financial Flows

In an increasingly interconnected world, combating tax evasion and illicit financial flows is a paramount concern for nations worldwide. Delegates will delve into the complexities surrounding these issues, exploring mechanisms to enhance international cooperation, promote transparency, and develop effective strategies to curb illicit financial activities. Collaborative efforts will aim to strengthen legal frameworks, close loopholes, and establish measures to combat tax evasion and illicit flows, ensuring a fair and equitable global economic system.

Topic B: Enhancing Financial Literacy in Developing Countries

Financial literacy plays a crucial role in empowering individuals and communities to make informed economic decisions, particularly in developing countries. This topic calls upon delegates to address the challenges faced by developing nations in providing access to financial education and services. Deliberations will explore innovative approaches to enhance financial literacy, foster entrepreneurship, and promote inclusive financial systems. Delegates will develop strategies to bridge the knowledge gap, empower marginalized communities, and create an enabling environment for sustainable economic growth in developing countries.

Chair Letter

Dear Delegates,

Thank you all for making the trek to BruinMUN 2023! My name is Grant Huebner (he/him) and I am elated to be your Chair for ECOFIN: The Economic and Financial Committee (Second Committee) of the General Assembly.

Here at UCLA, I am a fourth-year Political Science major concentrating in International Relations. I hail from a small town near Chicago, Illinois; yes, deep-dish pizza is as incredible as we rave. Spending my summers as a camper in the northern woods of Wisconsin, I grew up captivated by the natural world. This love of nature has led me to do a significant amount of environmental research and nonprofit work in my time outside of UCLA Model United Nations. Beyond this, I frequently go on hikes – from areas across Los Angeles to ambling through the Rocky Mountains. However, the majority of my time is spent in Model UN. For me, Model UN has always been an amazing opportunity to learn more about our world – with the added benefits of drinking significant quantities of coffee, traveling the country, and making loads of friends along the way. At last year’s BruinMUN, I staffed the Indonesian National Revolution crisis committee. Now, I am beyond excited to direct this committee about ECOFIN.

In this committee, you will need to balance initiative against thoroughness and cooperation against intrigue to ultimately win the day. Your competition is watching. Good luck!

All the best,

Grant Huebner | Chair | BruinMUN 31

ecofin@bruinmun.org