ECOFIN Day 2

The delegates of the Economic and Financial Committee convened this morning to discuss the economic complexities and challenges of disaster relief. Areas of concern were preventative measures and preparation for disaster, as well as effective methods for raising funds in the wake of a disaster. Several delegates were collaborating in an unmoderated caucus on a superresolution mainly sponsored by the United States, Egypt, and Austria, which aimed to strengthen infrastructure and build considerable preventative measures for disaster control. A key component of the superresolution was the creation of the Committee for the Economic Efficiency of Disaster Response and Risk Reduction, initially proposed by Austria to ensure a comprehensive response to and preparation for disaster. Needless to say, the ECOFIN delegates are well on their way to creating positive change toward more effective and economically efficient disaster relief.