Topic 1: Inequality and poverty reduction. 

Topic 2: Politics over the health of people.

 

Difficulty Level: High Level

Countries: Islamic Republic of Iran, United States, United Kingdom, France, Germany, China, Russian Federation, Norway, India, Saudi Arabia, Kuwait, Israel, South Africa, Egypt, Cuba, Venezuela, Nigeria, Japan, Argentina, Greece, Ecuador, Sweden, Lithuania, Ireland

Topic 1: Inequality and poverty reduction. 

When the Greek Crisis occurred, it left a great multitude of people in poverty. Unsurprisingly, this is what happens during and after many crises. The IMF, as a financial institution, has played a huge part in worldwide poverty reduction but while inequality has been reduced in some parts of the world, the gap continues to grow in others. It is important to note that the IMF’s mandate is not poverty reduction. Instead, it is to help countries solve balance of payments issues. This topic, therefore, seeks to broaden the IMF’s mandate by introducing a new Article of Agreement to take into account both income inequality and poverty reduction.

 

Topic 2: Politics over the health of people. 

In March of this year, Iran’s Foreign Minister, Javad Zarif, requested from the IMF an emergency loan to deal with the Coronavirus outbreak that has been extremely devastating to the country. However, the US, having a large veto power (about 17%) in the IMF has decided that it will block such an action. The US believes that Iran, if granted the loan, will use the money for the financing of terrorist activities. Seventy percent of votes are needed in order for Iran to receive this aid and the US, with the largest veto power, along with its allies, can easily block the aid. Will  the IMF allow politics to prevail over the health of people in dire need or will Iran’s past misdeeds be pardoned?

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