The United Nations General Assembly Second Committee which is also known as The Economic and Financial Committee(ECOFIN) is one of the six communities part of the United Nations General Assembly. It is tasked with the creation of resolutions on the various topics of economic policy, taxation issues and regulation of financial services. It was set up with the establishment of the United Nations after the end of the Second World War and first converged in London in January 1946. The Economic and Financial Committee conducts its annual council sessions in October at its headquarters in New York, United States of America and aims to pass its resolutions by the end of November. All 193 member states of the United Nations are allowed to take part in the ECOFIN council session.