TOPIC A Fundraising for Crisis Response
TOPIC B Coordinating Global Development Efforts
DELEGATION SIZE Single
- Alex Warmath
- Scott Smith
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank tasked with improving Asian social and economic outcomes through investment in infrastructure. The AIIB is one of the world’s newest international organizations, and the course it sets today will affect the globe for decades to come.
Topic A, Fundraising for Crisis Response, investigates how best to raise money before and during global emergencies. The purpose of development banks like the AIIB is to get money to those who need it most but might be left out of traditional financial systems. How can the AIIB prepare itself to fulfill that mission in the face of catastrophe? Should money be raised through specialized vehicles known as ‘catastrophe bonds,’ or are there alternatives? If crisis does strike, how should the AIIB work with its member countries to coordinate the movement of money to those who need it most? The committee will address a prescient topic by debating and simulating the essential negotiations that go into starting a brand-new global institution.
Topic B, Coordinating Global Development Efforts, examines the complex landscape of multilateral development banks operating around the world. As the newest addition to this group, how should the AIIB work to coordinate with institutions like the World Bank Group (WBG) and Asian Development Bank (ADB) to further their shared social and economic missions? Do new policies need to be adapted to increase coordination during crisis? How should the AIIB distinguish itself from the pack? In this committee, delegates will evaluate the history of economic development to pose policies that will guide the field into the future.