The Economic and Financial Committee is one of the six main bodies of the United Nations General Assembly, focused on economic issues such as international financial stability and global economic governance. ECOFIN allows for different discussions around important economic and financial issues among member states which often focus on the eradication of poverty, globalization, and financial regulation. Through these discussions, ECOFIN aims to recommend policies that can help countries address these challenges and achieve their development objectives. Delegates in ECOFIN will focus on addressing these issues and developing policies that promote financial inclusion and strengthen global economic governance through the promotion of cooperation between countries and other stakeholders.

Topics and questions to consider

Topic 1: Mitigating the Global Debt Crisis

Questions to Consider:

1. What measures can be taken to prevent countries from falling into unsustainable debt cycles?

2. How can transparency and accountability in debt agreements be improved?

3. What role should private creditors play in global debt restructuring efforts?

4. Should there be global standards for debt relief and repayment terms during crises?

Topic 2: Modernizing the VAT

Questions to Consider:

1. Should e-commerce platforms that operate globally be responsible for administering the VAT?

2. Should VAT thresholds for cross-border transactions be redefined to reflect new trade dynamics?

3. How can VAT reforms align with existing international guidelines, such as those from the OECD, to promote uniformity and reduce compliance complexity?

4. Can VAT incentives be used to drive shifts toward sustainable and ethical consumption?

5. How can countries who do not currently use VAT, prevent consumers and limit tax-evasion and fraud when crossing borders?