NationStates Jolt Archive

A revision of the World Bank proposal has been drafted.

For the origional draft as well as the following argument over it, check here:

http://www.nationstates.net/forum/viewtopic.php?t=92196

The draft can be found in the UN proposals here:

http://www.nationstates.net/cgi-bin/index.cgi/page=UN_proposal/start=65

However, this may change.

Here is the draft in its current form:

Recognizing that developing nations do exist and need a standard for assistance, we propose that a World Bank be develpoed in order to assist develpoing nations financially while encouraging democratic ideals in the countries of operation. We recommend the Bank be put under full UN control, and that plans for the spending of loaned money be reviewed by the UN. We propose that for loans, at least half of the money be put towards welfare programs and education.

The UN will have FULL control over the Bank, and a subcommitte will be developed to handle the work.

Repayment plans go as follows:
Nations will repay whenever they can afford it. They will pay the loan plus 5% of the loan for every year they fail to pay. This will encourage leaders to fix their nations as quickly as possible.

We recommend the UN keep a tight watch on the program to prevent corruption, which would ruin the ideals of the Bank.

Contribution to the funding will be entierly optional. Any country may donate as much as they wish at any given time, but all countries are required to give 0.1% of their yearly budget.

The only requierment for a loan is to be determined by the UN to be a developing nation and the presentation of an economic plan that is approved by the UN. The UN will oversee the distribution of the money in the countries.

If you have any questions regarding the proposal, I would be happy to answer them.

---Post deleted by NationStates Moderators---

Wow. That was non-specific and almost sounded like a flame.

I don't suppose you have any questions that may clarify anything?

Let me express my concern that this thread as well as the one before it on this matter has been almost entierly disregarded in favor of the ongoing non-debate over the equality for all resolution. (Basically, everyone agrees with each other save 2 people, so how could there possibly be so much talk over it?)

I feel this proposal is somewhat important, but no one seems to want to strike up a debate.

Where is everyone?

Is the non-debate consiting of several threads of people entierly agreeing with each other that much more interesting a subject than this one?

Ideally speaking, this would indeed be a very good proposal, but how does this update deal with the concern of a nation not being able to repay this? How is the subcommittee formed? Are all loan requests granted? If not, on what criteria are they granted? How does 50% Welfare help to ensure that the loan is paid back?

We think that there should be a large minimum percent of the loan used for Economic stimulation, which would lead to social welfare and a generally better society in general. The position of Cowes is that a minimum 50% of the loan should be used for Economic Stimulation.

You contradict yourself with this-

Contribution to the funding will be entierly optional. Any country may donate as much as they wish at any given time, but all countries are required to give 0.1% of their yearly budget.

Cynically,
-The Commonwealth of Cowes

I reccomend that you take a look at the thread containing the argument over the previous wording of the resolution. It explains the positive, long-term economic growth that results from increased public spending in education. In short, public spending on education can increase the important export of Skilled Human services, which can do good for an economy. Also, increases in welfare give the poor people more spending power which also can stimulate an economy.

Only loans from nations whose economic plan's have been approved can apply for a loan. That's in the proposal.

Economic stimulation is a rather vague term, and could mean just about anything. Care to elaborate?

And yes, I know that I contradicted myself. Personally, I consider 0.1% of a national budget completley insignificant. What I meant is that extra contribution to the fund would be optional.

Thank you for your comments.

The Commonwealth had already reviewed this debate thoroughly. The term Economic Stimulation is used because it is vague. Cowes disagrees with the conclusion that welfare would noticably help the nation earn money though.

How long term would the effects of welfare and education boosting be? The proposal clearly says that the loaned to nation would have to pay the loaned money back within within 20 years.

The Commonwealth stands firmly behind the idea, but not the specific plans.

-John Taylor, Prime Minister
The Commonwealth of Cowes

The effects of the increased education would take as long as it takes someone to get through collage, plus 2 years. It's all exponential from there.

The proposal just means that the loan will double in 20 years. A linear loan increase rate means that if the economic plan is carried out appripriately, then the loan should be paid back in 10-15 years.