IMF

The IMF (International Monetary Fund) is a global organization that works to support economic growth and prosperity for all of its 191 member countries. It does so by supporting economic policies that promote financial stability and monetary cooperation, which are essential to increase productivity, job creation, and economic well-being. The IMF also holds responsibility for examining new economic developments and their implications for exchange rate stability, capital flow, and the Fund’s mandate to safeguard the international financial system. This year, at JBCN Oshiwara MUN, IMF delegates will address the growing effects of oil price fluctuations and debt dependence on import-dependent developing nations. 

Developing nations are home to nearly 85% of the global population and play a crucial role in driving economic growth and international trade. However, their heavy reliance on imported energy and external financing makes them highly vulnerable when global oil prices rise or when debt burdens become unsustainable. While geopolitical conflicts and fluctuating energy prices drive inflation, increasing debt repayments reduce fiscal space and limit the governments' ability to invest in developmental and social welfare. This cycle of economic vulnerability slows growth and heightens exposure to external shocks. Delegates are encouraged to collaborate with one another to address these challenges through debt sustainability, energy diversification, renewable energy investment, and international cooperation and effectively develop a framework that the IMF can utilize to ensure long-term economic resilience.