NationStates Jolt Archive

There are numerous alliances and organizations concerning international monetary co-operation. There is not, however, to my knowledge an NSIMF. A proposal to create a UN institution called the International Monetary Fund, but bearing only shallow resemblance to the RL body, was once drafted - I have no idea if a proposal was submitted, but if so, I am positive it did not reach quorum. If an NSIMF does in fact exist, I apologise to those involved.

My suggestion would be that interested nations could sign up to work with the IMF, and we could assign Governors and Executive Directors. I have a VERY tentative draft on how Special Drawing Rights could then be allocated - but we could simply RP '$amount' going to individual countries.

The aims of the NSIMF would be:
- to facilitate international monetary co-operation;
- to promote the growth of balanced international trade;
- to ensure stability of foreign exchange.

IMF involvement would be entirely independent of the UN or any alliances or organizations. There would be no formal treaty, and nations would be under no military or diplomatic obligations.

In so far as I see it, the main attractions would be:
- to developing nations, as it would be a chance to raise non-loan capital;
- to developed nations, as it would help ensure an (admittedly RPed) economic stability;
- to nations vehemently opposed to the idea, as it would give a source of opposition.

Finally, the IMF is regarded with great cynicism in many quarters, and is not a wholly or even partly popular organization amongst those of particular persuasions. If that is the over-whelming feeling of the NS community, then I still believe it would be an interesting idea, because:
- it would give an opportunity to RP a better solution;
- it would simply create an RPed IMF.

If nations wished to speak out against the IMF, that would be good - so many NS NGOs and organizations are benevolent and well-organized that having something less agreeable might present a welcome change.

No interest in or knowledge of international economics would be required: nations could simply associate themselves with the IMF. It could even prove OOCly useful to people trying to balance the accounts in their factbooks.

Anyone interested? And, I know this is unlikely to elicit responses, but if you're not interested, any feedback as to how the proposal might be made better/more appealling would be very welcome.

Personally, I think this is a pretty good idea. I'd definitely take part in this if it is decided to create it.

here here

Thank you both for your support. My initial thought would be that interested nations could appoint representatives to the Board of Directors. Structure beyond that would be worked out as we went along - although I like the bicameral director/governor approach personally.

sounds good

Well, it seems like a good idea, count me in.

If this project does move along out of this planning phase, I'd be more than happy to sign up - even if nothing more than a small bit player. Looks interesting and fits into the national interests of my government's current administration and so I'll give the idea my support.

I would be interested but I'm a little unclear on what we would be doing...could you perhaps TG me some more information?

Thank you to everyone who's expressed interest. I don't see the IMF being a major RP thing, but merely something that could from time to time get involved in various economics things. When I have a firmer idea, I'll post more details - until then, thanks!