
Head Chair of ECOFIN : Riddimma Sampat
Deputy Chairs of ECOFIN : Divina Minocha and Anoushka Tandon
“My guiding principle is that prosperity can be shared. We can create wealth together. The global economy is not a zero-sum game.”
- Julia Gillard
Dear Delegates and MUN Directors,
Amidst overlapping crises, ranging from conflicts to climate-related disasters and volatile markets – global economies face increasing instability. With rising debt levels, disrupted trade channels and inflationary pressure, many countries are struggling to prevent economic collapse.
In such a fragile environment, the United Nations General Assembly’s Economic and Financial Committee, ECOFIN, plays a pivotal role in directing multilateral cooperation, bolstering global economic governance, and bridging the growing divide between developed economies and those of the Global South.
As artificial intelligence transforms global economies at an unprecedented pace, it raises crucial questions about the future of work and equity in digital access. The first agenda, “Regulating the Economic Impact of AI on Employment and the Digital Divide” invites delegates to ponder upon one of the most urgent and complex challenges of our time. In the face of this rapidly progressing technology, how can nations harness the benefits of AI while safeguarding the livelihoods of their people? Tasked with striking a delicate balance between innovation and economic equity, delegates will be expected to create frameworks and solutions that shape AI adoption, labour markets, investment and international cooperation in this exciting agenda.
Our second agenda, "Discussing the long-term global economic impacts of financial sanctions against Russia," necessitates a detailed analysis of how geopolitics is altering the global economic landscape. The sanctions on Russia have accelerated trends like inflation, economic fragmentation and de-dollarization, altered energy alliances, and disrupted trade flows, especially for the vulnerable economies in the Global South. ECOFIN delegates must collaborate to explore the unintended consequences of such sanctions and create frameworks that ensure global financial stability and economic resilience.
Our third agenda, “Evaluating the economic implications of cryptocurrencies and central bank digital currencies (CBDCs),” provides delegates with the opportunity to explore and research into one of the most fascinating constituents of the global economy today. Digital currencies are transforming the landscape of money creation, storage, and transfer, merging innovation, technology, and policy in a uniquely compelling manner. It’s not merely about economics, it’s about reimagining the entire framework of financial systems. Delegates will dive into the thrilling world of cryptocurrencies and their impact on traditional banking, uncover the potential of CBDCs and cryptocurrencies to transform monetary policy, and decode the implications for cross-border trade, privacy, and regulation.
ECOFIN at DAIMUN 2025 will be a venue where innovative, forward-looking solutions meet difficult economic reality. The committee will flourish on constructive, meaningful debate, diverse perspectives, and creative policies as delegates address some of the most pressing concerns influencing global economies. ECOFIN will not only inspire thought-provoking debate, pushing delegates to think critically, but also empower delegates to become architects of sustainable and inclusive economic progress.
Warm Regards,
Riddimma Sampat
Head Chair of the Economic and Financial Committee,
Divina Minocha and Anoushka Tandon
Deputy Chairs of the Economic and Financial Committee
DAIMUN 2025