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Second Committee of the 77th Session of the General Assembly of the United Nations (Economic and Financial)

The Second Committee of the UN General Assembly (Economic and Financial) held its 77th Session in the so-called main period from 3 October to 23 November 2022 under the leadership of H.E. Ambassador Lachezara Stoeva, Permanent Representative of Bulgaria to the United Nations in New York. The main theme of the Second Committee was: “Transforming political commitments into actions for a sustainable recovery: rebuilding a sustainable future for all”. 

The general debate held at the beginning of the session featured a keynote speaker Professor Michael Kremer, who was awarded the Nobel Prize in Economic Sciences in 2019. Furthermore, the Second Committee held a debate on specific agenda items, a joint session with the Economic and Social Council under the topic of eradicating poverty, a side-event co-hosted by the UNCTAD under the topic of the role of trade and logistics in getting food and energy to all, as well as a traditional dialogue with the Executive Secretaries of the five UN Regional Commissions under the topic of innovative ways to solve current global challenges in order to ensure higher resilience, inclusion, and sustainability in achieving the SDGs.

The Second Committee adopted in total 41 resolutions and 2 decisions of the 13 agenda items of the 77th Session of the UN General Assembly assigned to it and related to the following issues: information and communication technologies, macroeconomic policy questions, financing for development, sustainable development, urban agenda, globalization and interdependence, groups of countries in a special situation, eradication of poverty, operational activities for development, agriculture, food security and nutrition, the sovereignty of the Palestinian people in the Occupied Palestinian Territory, including East Jerusalem, and of the Arab population in the occupied Syrian Golan over their natural resources, revitalization of the General Assembly, and program planning. The majority of the draft resolutions were tabled by the Group of 77 and China. Most resolutions were adopted by consensus. The vote was called against seven resolutions. Without exception, the EU Member States voted unanimously in accordance with the common position. The Czech Republic negotiated on behalf of the EU and its Member States the draft resolution "Entrepreneurship for Sustainable Development" that is being submitted by Israel.

In accordance with UN General Assembly Resolution 75/325 of 10 September 2021 and decisions 74/537B of 11 August 2020 and 75/548B of 29 July 2021, informal dialogues will take place during the first half of 2023 in order to discuss the revitalization of the work of the Second Committee. Based on the results of these dialogues, a new revitalization draft decision should then be adopted. Together with other like-minded countries, the EU will especially strive to make the work of the Second Committee more efficient and fit for purpose. The EU considers it urgent to address, in particular, the periodicity of some resolutions and their relevance with regard to the 2030 Agenda for Sustainable Development.