2nd General Assembly

Topic 1: The question of overcoming recent volatilities in the global and regional financial markets.
Director: Dulitha Ahangama

Volatilities in the financial market are common in the recent past, due to many man made disasters like wars between countries, civil commotions and natural disasters as well as other factors. During times of war, political instability or economic weaknesses are main reasons for volatilities in the financial market.
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This Resolution was passed by the General Assembly


Topic 2: The question of strengthening and stabling the international financial architecture responsive to the priorities of growth and development, especially in developing countries, and to the promotion of economic and social equity and equality.
Director: Emma Moulds

As part of the Bretton Woods Conference, economist, John Keynes proposed the establishment of a global bank, to be known as the International Clearing Union (ICU). The ICU would promote trade through the usage of its own currency, the bancor, which would have a fixed exchange rate. The bancor would also promote currency exchange and would become the currency of last resort for countries in serious debt. Keynes’ proposal never eventuated, but rather, the International Monetary Fund and the International Bank for Reconstruction and Development were established at the Conference.
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This Resolution was passed by the General Assembly

Emergency Situation
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