FORUM General Assembly II QUESTION OF Reforming fiscal and...

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FORUM: General Assembly II QUESTION OF: Reforming fiscal and international assistance to ensure sustainable develop- ment in LEDCs MAIN SUBMITTED BY: Cuba CO-SUBMITTED BY: Tanzania, Cambodia, Senegal, Ghana, Libya, Maldives, Brazil, Nige- ria, Bangladesh, Pakistan, Austria, India, Central African Republic, DPRK, Republic of Ko- rea THE GENERAL ASSEMBLY, Acknowledging the economical hardships that Less Economically Developed Countries (LEDCs) face in the current day in their strife to pursue sustainable development, Recognising the ongoing fiscal and international assistance efforts from More Economically Developed Countries (MEDCs) and Non-Governmental Organizations (NGOs), Encourages member states to educate and inform governments of LEDCs on the approach of ensuring sustainable development, Recognising the critical role of the United Nations in promoting world peace through achiev- ing Sustainable Development Goals (SDGs), 1. Encourages all member nations of the MEDCs as stated by the International Mone- tary Fund (IMF) to give 1% of annual tax to a reserve used for ways such as but not limited to: a. giving financial aid to LEDCs who need it under conditions of: i. a qualified government official in finance from an MEDC to look over the usage of the financial aid, ii. releasing reports of how the aid is being used to prove the transparency of the usage of financial aid, b. using the gathered income to help countries during economic crises as long as they are justified by conditions such as: i. countries under huge economic recessions, ii. countries in need of fiscal policies but not having the money to initiate it; 2. Encourages all member states to create systems promoting governmental trans- parency among the government bodies, the general public, and corporations with the help of the UN and NGOs such as Transparency International (TI), by: a. forming a public communication network through available means, wherein all parties or states disclose spending of public resources in order to evaluate the us- age of public resources following the United Nations Convention against Corrup- tion (UNCAC) guidelines and ensure that they are used for originally intended ways while: i. promoting cooperation between states involved, ii. respecting the sovereignty of states involved, b.
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