DECLARATION 1.

NUMBER: I.I.M.U.N./2020/DigitalConference/GAP/DEC/0001

AUTHOR(s): Republic of Italy, People’s Republic of China, Russian Federation,

Federation of Malaya, People’s Republic of Bangladesh

SIGNATORIES: The Commonwealth of Poland, The Commonwealth of Australia,

Kingdom of Spain, Republic of India, Islamic Republic of Iran, United Kingdom,
Kingdom of Belgium, Dominion of Canada, Republic of Indonesia, Syrian Arab
Republic, Federative Republic of Brazil, Republic of Iraq, Federal Republic of
Germany, State of Israel, Islamic Republic of Pakistan, Dominion of New Zealand,
Kingdom of Saudi Arabia

AGENDA: Discussing the Economic Recession of 2021

The General Assembly Plenary Session,

1. Affirms that the Coronavirus Pandemic must be dealt with first in order to
achieve economic stability for the world and survive the economic recession;

2. Calls upon economically sound nations(nations described by UNDP reports

as developing or developed nations) to adopt a Counter Cyclic Fiscal Policy,
cutting interest rates to boost total aggregate demand and urges any Central
banks(banks which have a significant government footing) to buy low- yield
securities to buy long term bonds so as to encourage lending;

3. Suggests all economic committees or ministries of all nations to keep in mind

the recession of 2008 and the Great Depression of 1929 in order to formulate a
fail-proof declaration;

4. Urges all nations to refer to the resolution of 2011/37 of the General Assembly
as a foundational document for the formulation of a solution for the
forthcoming economic recession of 2021;

5. Affirms that the outbreak of Coronavirus Disease 19 (Henceforth COVID-19)

is the primary and most influential factors for the forthcoming recession of
2021 and that member nations, with assistance from the World Health
 Organization(Henceforth WHO), must find viable solutions and take concrete
steps to help stop the spread of COVID-19;

6. Recommends all nation states to refer to the 2nd Meeting of International

Health Regulations (IHR) Emergency Meeting, its statements and if possible,
the meeting record and report produced so as to achieve first degree readiness
to combat the spread of COVID-19; - PREAMB!

7. Recommends nation states to set up a common economic task force under the
UN but with recommendatory powers from UNCTAD called the Future
Aversion of Recession Task Force (Henceforth to be called FART Force)
which would work in tandem with UNCTAD to put to practice the solutions
regarding recession aversion and shall hold recommendatory powers towards
nation states regarding economy of that particular state;

8. Requests the International Monetary and Finance Committee(IMFC) and the

International Monetary Fund(IMF) to decide upon the creation of a stimulus
package for the recession and injection of amounts into governmental Public
Sector Units for Job Creation;

9. Calls upon nations which have effectively dealt with the COVID-19 pandemic
to kindly share the technology and methodology to already affected nations by
keeping global stability as their overall prime concern;

10. Kindly requests WHO to kindly collaborate and produce more efficient testing
kits;

11. Recommends nations which have developed potential vaccine candidates to

kindly share complete details of them to all research institutes around the
world to increase productivity;

12. Calls upon nations which are under lockdown to kindly allow exports of basic
goods and conversion of industries to produce the necessary medical
equipment;
13. Suggests countries which have more than 50 cases of COVID-19 to kindly
start placing restrictions and lockdowns;

14. Asserts the importance of self-quarantine and calls upon nation states and their
respective awareness mechanisms to kindly educate the people regarding the
same and the importance of hygiene;

15. Condemns the ongoing talks of extermination of infected cases;

16. Suggests the placement of quarantine centres far away from population
centres;

17. Suggests the formation of a technological Hub for COVID-19 to find

technological solutions and assisting people under quarantine or isolation;

18. Notes the suggestion to place voluntary essentials centres in impoverished

regions afflicted by COVID-19 so as to prevent spreading;

19. Further resolves to increase the availability of formaldehyde and other such
disinfectants to the general public and to begin rationing in worst hit countries
so as to prevent further spread of COVID-19;

20. Further invites the UNCTAD and UNDP to work together for enforcing a
global economic recovery from the recession of 2021;

21. Calls upon Jointly financed bodies like United Nations Economic Commission
for Europe and relevant bodies to suggest solutions and guide central banks in
every continent through this recession by granting valuable suggestions
regarding maintaining repo rates, liquidity rates, low-yield bonds etc;
22. Directs all nation-states to refer and remind themselves to note the outcomes
of the 16th Meeting of the High Level Committee on Programs(HLCP) held at
Rome, which discussed about the 2008 Financial Crisis and steps to prevent
implication on financial markets;

23. Reminds countries in utter ignorance of the COVID-19 Pandemic and reminds
them on behalf of all nation-states the serious socio-political and economic
implications that the Spanish Flu had on the entire world;

24. Approves for the set-up of an integrated technology and breakthrough hub in
each continent for technological breakthroughs and as distribution centres for
COVID-19 Pandemic and directs the nations to stop production of all non-
essential sectors and direct production of Personal Protective Equipment and
testing kits;

25. Calls for nations to refer and implement the 8 Pillars of the WHO regarding
the COVID-19 Pandemic;

26. Designates NATO and G77 to work towards production and circulation of
medical equipment;

27. Calls for countries with Aircraft carriers exceeding 30000 tonnes displacement
to be converted into floating hospitals;

28. Authorizes for the usage of The Shipping Fund Programme established by the
Global Influenza Surveillance and Response System as a mechanism to test
clinical samples at international referral laboratories from patients who meet
the suspect‐case definition;

29. Proposes for the creation of a body under the UN consisting only of doctors
from all around the world and this body shall have the power to assign teams
of doctors to different countries with different agendas and their main work
would include but is not limited to:

a. Assessing the health care system of the country;

 b. Informing governments about the changes required to be made;

c. Sending reports to the body regarding progress of their agenda;

d. Statistical interpretation of spread or mitigation of any diseases;

e. Maintaining a list of diseases identified in their particular area;

f. Notifying governments on any identification of pre-pandemic and pre

epidemic notions so as to increase the level of preparedness of the
said countries;

g. If countries have a stable health system, then to oversee the

implementation of this health system;

h. Notify countries regarding stock of medicines used and their

effectiveness;

30. Declares that all nations must have a at least 3.46% of their GDP(not limited
to the said amount) towards the set-up of industries and companies that
manufacture and supply Personal Protective Equipment and Medically
Certified Equipment;

31. Mandates the World Health Organization to cooperate with the World Bank
and the International Monetary Organization in order to set up an Emergency
Medical Equipment Fund (Henceforth to be called as EMEF) so as to supply
such equipment to countries in need of it at the time of a crisis like COVID-
19;

32. Further resolves that the three policy priorities to combat coronavirus—social
insurance, systemic risk management, and spatio-behavioral management—
may be more and less aggressively pursued by the range of public and private
actors present, and may be more or less effectively advanced by the various
policy instruments;

33. Further mandates for the complete transparency from nations regarding
number of Coronavirus cases, number of deaths and the results of a vaccine
test from private actors/companies to be sent directly to the WHO;
34. Calls for trade barriers to be exempted for now and set up of Special
Economic Zones in underdeveloped and developing countries;

35. Calls in countries to create an international dimension to financial regulation,

so it would be easier to implement a global early warning system;

36. Would like to suggest countries to partially or completely remove taxes on

imports and exports specially on essential commodities and healthcare
essentials keeping in mind the pandemic;

37. Regulators around the world must be chastened by what has befallen global
finance, but equally determined to draw the lessons and be up to the reform
tasks that lay ahead;

38. It is necessary to develop a macro-prudential regulatory system based on

countercyclical capital provisioning and to develop institutions for the
supervision of all the different financial markets that are focusing systemic
risk and nothing else.