IMF and the Mystery of France’s Financial Crisis

Yesterday, the IMF began with the viability of a national insurance fund against financial weaponisation. First was an explosive GSL speech by Ygit Korkmaz on the unequal voting structure and the “economic feudalism” in the IMF. What followed were multiple speeches calling out the USA’s misuse of economic tools to perpetrate financial weaponisation and their overpowering strength in the voting. It was difficult to not feel bad for the delegate of USA, because there was only one of them.

That was until this press delegates, as well as the rest of the committee, realised that there were actually multiple delegates placed to support the USA; perhaps these 'allies' were intimidated by the countries they have allegedly oppressed?

Of course, let's not forget the time when a motion was raised for a moderated caucus on the viability of a national insurance fund.

“Bro, that's our entire agenda.” A delegate remarked to Vitas Vasiliauska—seems like someone hasn't read the study guide.

When a moderated caucus finally passed, on defining financial weaponisation, delegate Arnaud Fernand walked in with a certainly unique stance. “From France’s perspective, financial weaponisation is a way of escaping the financial crisis.” And repeated it multiple times for the committee after being questioned by the chair.

Later, the chair clarified after receiving a note that Arnaud Fernand actually did not mean to be in favour of financial weaponisation, despite his insistence earlier. What he did mean, however, will unfortunately remain a mystery to this press delegate.

This press delegate hopes that the IMF can move past the multiple 1-minute speeches defining what financial weaponisation is and hopefully get on with their agenda.

Fandin Noora,

Xinhua News