The International Monetary Fund (IMF) was founded in 1945 with the purpose of restoring the international economy after the Great Depression and the Second World War. Seventy years later, headquartered in Washington DC, the IMF’s mission has evolved into the promotion of worldwide economic stability by implementing fiscal policies, loaning money to impoverished nations, and acting as financial advisors to political leaders when necessary.  

188 states are currently part of the IMF, and all are required to supply funds to a centralized foundation. From this financial stockpile, a country in need borrows money to invest in its economy, and in exchange, the debtor agrees to both honour the credit and return the favour when another nation is in economic turmoil. This system has had an immense impact on developing countries and states with gross payment imbalances, aiding them to overcome financial hardships.

IMF is a committee suited for experienced delegates, but is open to delegates of all experience levels wishing to challenge their capacity as delegates. Position papers are strongly recommended for this committee, but are mandatory for delegates to be considered for awards. Please read about CAHSMUN’s Position Paper policy, which can be found under the list of committees on the “Committees” page. 

Questions, inquiries, and position papers for this committee can be emailed to imf@cahsmun.org


BACKGROUNDERS WILL BE AVAILABLE SHORTLY!


Neel Lahiri.jpg

Neel Lahiri | Director
Neel Lahiri is delighted to serve as the Director of IMF at CAHSMUN 2018. Having participated in innumerable conferences since becoming involved in Model United Nations in Grade 9, Neel is ecstatic to be given the opportunity to serve as a staff member for the first time. While debating, Neel enjoys taking contrarian stances, often to the dismay and annoyance of those who oppose him. He especially enjoys arguing for opinions with which he personally disagrees because it forces him to think logically and analytically. In his spare time, Neel (a self-proclaimed economics fanatic) can be seen reading books, blogs, and of course memes about economics. He also enjoys playing cricket and does so at the provincial level. Neel wishes everyone the best of luck at CAHSMUN 2018!

Ken Hong.jpg

Ken Hong | Chair
Currently a senior at St. George’s School, Ken’s passion for world affairs has been kindled by his participation in the Model UN community for the past five years. Fond recollections of the committee room tend to include fervent speeches, wrongly punctuated resolutions, or attempts to seem somewhat sociable. When he’s not grappling with mathematical expressions, he can be found perusing articles on Canadian politics and deciphering verses of poetry from the Roman Empire, often unwinding himself in the kitchen afterwards. Ken is very excited to be chairing the International Monetary Fund at CAHSMUN 2018 and hopes that all delegates will be able to capitalize on this wonderful opportunity.