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The commission was first proposed in London in the summer of 1946 by the Temporary Subcommission on the Reconstruction of Devastated Areas. [2]The commission was established by the Economic and Social Council on 28 March 1947 in order to "Initiate and participate in measures for facilitating concerted action for the economic reconstruction of Europe," as well as to "maintain and strengthen the ...
Luxembourg made the largest contribution as a percentage of gross national income (GNI) at 1.05% and the United Nations’ ODA target of 0.7% of GNI was also exceeded by Norway (1.02%), Sweden (0.99%) and Denmark (0.71%). [1] The European Union accumulated a higher portion of GDP as a form of foreign aid than any other economic union. [2]
The European Union (EU) has permanent observer status at the United Nations (UN) since 1974, and gained enhanced participation rights in 2011. The EU itself does not have voting rights but it is represented alongside its 27 members , one of which, France , is a permanent member of the Security Council .
The United Nations Economic and Social Council (ECOSOC) is one of six principal organs of the United Nations, responsible for coordinating the economic and social fields of the organization, specifically in regards to the fifteen specialized agencies, the eight functional commissions, and the five regional commissions under its jurisdiction.
The EU has a long-term budget, named Multiannual Financial Framework (MFF), of €1,082.5 billion for the period 2014–2020, representing 1.02% of the EU-28's GNI. [62]The overall budget for the period 2021-2027 is of €1.8 trillion combining the MFF of €1,074.3 billion with an extraordinary recovery fund of €750 billion, known as Next Generation EU, to support member states hit by the ...
The Organisation for Economic Co-operation and Development (OECD; French: Organisation de coopération et de développement économiques, OCDE) is an intergovernmental organization with 38 member countries, [1] [4] founded in 1961 to stimulate economic progress and world trade.
The United Nations Department of Economic and Social Affairs (UN DESA) is part of the United Nations Secretariat and is responsible for the follow-up to major United Nations Summits and Conferences, as well as services to the United Nations Economic and Social Council and the Second and Third Committees of the United Nations General Assembly. [2]
The European Union (EU) is a supranational political and economic union of 27 member states that are located primarily in Europe. [ 9 ] [ 10 ] [ 11 ] The union has a total area of 4,233,255 km 2 (1,634,469 sq mi) and an estimated total population of over 449 million.