UN:The Microcredit Bazaar

[dclaro]

The Microcredit Bazaar
A resolution to reduce barriers to free trade and commerce.


Category: Free Trade
Strength: Mild
Proposed by: Powerhungry Chipmunks

Description: The United Nations,

REAFFIRMING the United Nations’ stance against poverty and suffering,

TAKING NOTE, via the impoverished throughout the world, of the cyclical nature of poverty across generations, and of the detrimental effect of poverty among a people to the surrounding peoples, nations, etc.,

OBSERVING previous success of so called “microcredit” at enhancing the lives of people or peoples currently trapped by deprivation, as well as the society surrounding them and future generations among them,

DETERMINING that citizens in UN nations, who have the ability to participate in “microcredit” but do not, might trade more regularly and freely via “microcredit” (which the UN believes to have greater effect than many forms of humanitarian aid) if they had information regarding “microcredit” and assurance of its financial security and honesty,

DETERMINING FURTHER that the distribution of such information would help free the trade of microcredit and make it more economically feasible for microcredit transactions to occur:

1.DEFINES “microcredit” as a financial transaction, or the trade of loans for relatively small sums of money for the purpose of sustaining life and employment, the repayment of which is supported by local communities alongside the individual(s) who received the loan;

2.ESTABLISHES “The Microcredit Bazaar”, which will set up chapters in all interested member nations for the purpose of educating citizens in said member nations on microcredit and of securing, presenting, and overseeing reputable organizations by which those citizens can trade microcredit with the impoverished;

3.CHARGES “The Microcredit Bazaar” with verifying reputable microcredit organizations, managing queries for a 'Bazaar' chapter, ensuring just and honest distribution of loaned money, ensuring repayment of loans, ensuring the reimbursement of unpaid loans, facilitating educational literature concerning microcredit to member nations, as well as the distribution of that literature as arranged with individual national governments;

4.EMPOWERS “The Microcredit Bazaar” with the authority to negotiate with national governments the location, length of stay, and extensiveness in presentation of 'Bazaar' chapters within member nations;

5.ENCOURAGES UN citizens everywhere to invest in the impoverished through microcredit, and, specifically, to attend local 'Bazaar' chapters;

6.EXPRESSES its utmost gratitude to any who contribute to the abolition of poverty, be it through microcredit, at one of “The Microcredit Bazaar” chapters, or otherwise.

[Star Systems]

I don't really understand this proposal. What is a "microcredit"? How will this proposal help get rid of poverty?

[dclaro]

best thing to do is vote no, so it doesn't take effect and nothing changes or u can abstain

[Fenure]

I ended up voting against this.

[Star Systems]

I have voted against it.

[dclaro]

If you didn't vote on the resolution, vote now.

[Blarney Con Carne]

The idea is an intriguing one and if the wording of the resolution were changed to reflect the the U.N. would completely control how the loans were distributed and collected, then I would probably vote for it. As it is however, I vehemently opposed this resolution in the U.N. forum message boards. I mostly objected to the wording. The author claims that the U.N. will have complete control over the microcredit bazaar but there is nothing in the wording of the resolution to support his claims. As it stands the way I see it is that whatever nation, region or entity controls the giving of loans to the nations that request the loans, puts the nation receiving the loans in debt to the nation or entity that controls the distribution of the loans. The author also claims that the only affect the resolution will have on U.N. member nations is a boost in the member nation's economy and nothing more would happen. I don't entirely agree as the resolution's wording doesn't reflect his claims. So I encourage all UFP nations to vote against the Microcredit Bazaar resolution, if only for the wording. If such a resolution were to be resubmitted with the guarantee that the U.N. would have complete control over every aspect of the loan process, then I would not oppose it. But since the UFP has no need of money, it is of little interest to us, but it could have some impact on foreign trade issues, should any arise.

[Blarney Con Carne]

By the way, DClaro, have you submitted your vote to the U.N. as our delegate yet? Voting ends tomorrow.

[dclaro]

mratzl said:

By the way, DClaro, have you submitted your vote to the U.N. as our delegate yet? Voting ends tomorrow.

Yes I submitted it a couple minutes ago.