IMF/World Bank

Within the International Monetary Fund, students will receive the opportunity to join the IMF’s Board of Governors as member countries, crafting economic policy and utilizing the fund’s resources in order to combat critical issues that impact the world today. Students will gain the opportunity to implement their understanding of a diverse range of critical global issues, and apply that understanding to gain stronger economic insight as decision-making members of the Fund.

Topic A: Digital Currencies and Financial Inclusion: Deriving from the Cryptocurrency model to fairly implement Central Bank Digital Currencies (CBDCs) in developing countries

The rise of digital currencies presents a transformative opportunity to enhance financial inclusion, particularly in developing countries where access to traditional banking services is limited. By leveraging the principles of cryptocurrencies, Central Bank Digital Currencies (CBDCs) can provide secure, efficient, and inclusive financial services to underserved populations. Implementing CBDCs in developing countries is crucial for reducing transaction costs, increasing financial transparency, and fostering economic growth. This topic is of paramount importance as it addresses the urgent need for financial inclusivity, offering innovative solutions to bridge the gap between the banked and unbanked populations. As delegates, you will delve into case studies of existing CBDC implementations, design robust regulatory frameworks, and develop innovative public outreach strategies to build trust and awareness. Your mission is to craft comprehensive policies that ensure the successful and equitable deployment of CBDCs, ultimately fostering a more inclusive global financial system.

Topic B: Tackling Global Inflation through Monetary Policy Coordination strategies

Global inflation has emerged as one of the most pressing economic challenges of the 21st century, exacerbated by the complexities of interconnected global economies, supply chain disruptions, and unprecedented fiscal and monetary responses to crises like the COVID-19 pandemic. Inflation, while a natural part of economic cycles, has taken on a new dimension with the advent of globalization, where price fluctuations in one region can have cascading effects across the world. The need for coordinated global action on inflation is critical as individual countries' efforts may be insufficient in a globalized economy. Addressing global inflation requires a collaborative approach where major economies work together to synchronize their monetary policies, share best practices, and support nations that are most at risk. As delegates, you will delve into ways for member states to coordinate monetary policies to mitigate the adverse effects of inflation, particularly on vulnerable economies.

meet your chairs!

Chair: Ayushmaan aashish kher

ak6286@princeton.edu

Ayushmaan Kher is a member of the Class of 2027 studying Computer Science and Economics. He is from New Delhi, India. His passion lies in various performing arts, and he is an actor for thesis plays at Princeton’s Lewis Center for the Arts. He also loves watching and playing soccer in his free time. A member of the Model UN Team, Ayush excitedly looks forward to working with the delegates in the International Monetary Fund committee!