模联WP 1.1

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Working Paper 1.1

Committee: Economic and Financial Committee

Topic: Measures to maintain international Financial Security Sponsor: Kenya， USA，Argentina ，Japan

Kenya believes that a fast-response international urgent system should be established in order to resolve the financial crisis. To the realization of this we suggest:

1. Establishing a fast-response system to:

a. Supporting Lesser-Developed Countries (LCDs) and other

countries greatly influenced in financial crisis with economic aid;

b. Estimating dominant foreign investment in member countries of

this fast-response system in order to decrease the instability factors of foreign capital;

c. Encouraging trade;



2. Requesting member countries to:

a. Providing financial support towards this fast-response system by

Industrialized countries and countries who are in favor of this system in following aspects:

I. II. III.

Repaying government obligations; Lowering domestic interest rates;

Encouraging investment to member countries;

b. Lowering both import and export tariff to members in order to

stimulate the economy;

c. Providing priority in certain fields by countries receiving aid from

the system;

3. Tackling financial panel of experts providing :

a. guiding suggestions on stabilizing domestic economy and

sustainable development;






b. Supervising the employment of economic aid provided by member

countries;

c. Leading the debt rating of members consulting effect and efficiency

of the support.

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