MUNBAL'24

ECOFIN, or the Economic and Financial Committee, is a key United Nations committee established in 1948 to address a wide range of economic and financial issues on the global stage. The committee’s primary focus is on analyzing world economic problems and formulating effective financial policies. Through its work, ECOFIN addresses critical topics such as economic growth, financial stability, and international trade, providing a forum for member countries to propose and discuss solutions to these pressing issues.

In addition to its role in formulating economic strategies, ECOFIN offers valuable advice on international financial regulations and development policies. The committee plays a crucial part in developing strategies to manage economic crises and respond to the needs of emerging markets, ensuring that global economic systems remain resilient and adaptable. As an important decision-making body, ECOFIN contributes significantly to strengthening global economic cooperation and fostering a more stable and prosperous international economic environment.