Practice Debate Topic – Limiting money laundering and tax evasion through enhancing transparency in the Banking Sector.
Conference Topic – Migration and Refugee Flow’s Impact on the Global Economy.
Group of Twenty (G20)
The Group of Twenty is an international forum at which the leaders and Central Bank Governors of the countries involved gather to discuss economic and financial stability worldwide. The G20 consists of 19 countries which have either large economies that have major impact in the global markets or fast-growing economies which are both affecting and largely affected by the global economy and the European Union. A summit of the Group of Twenty is usually held once an year. The current Chairman of the G20 is the Prime Minister of Japan Shinzo Abe.
The objectives of the G20 are Policy coordination between its members in order to achieve global economic stability, sustainable growth, to promote financial regulations that reduce risks and prevent future financial crises; and to create a new international financial architecture.
The G20 serves as the most critical and important economic body as a large part of the global economy depends on the countries present here. It attempts to shape the global economic agenda encouraging financial and economic co-operation among both member and non-member states.
As an MUN Committee The Group of Twenty is a Tier 1 Committee which requires delegates to have a sound background in economics and the global financial market. Considering the high-level countries that are a part of the committee delegates will be expected to make sound decisions relying on both economic precedent as well as innovation in the provision of solutions.