As global capital flows diversify, the role of the Economic and Social Council in aligning transnational fiscal policy has only grown more important. As once-immovable international fiscal guarantees fall away, new architectures are needed to guide the increased deployment of bilateral treaties and regional bodies to manage international monetary policy. At SunMUN XVI, delegates to the Economic and Social Council will be asked to explore the implications of rapidly decentralizing international fiscal policy and to negotiate new instruments capable both of stabilizing precipitating trust in transnational fiscal systems and of reinvigorating the 2030 Agenda’s goals for sustainable development.

Regional monetary systems play a crucial role in this mission—bold designs in pooled sovereignty, like the Eurozone and the proposed Eco currency of West Africa, are attractive means for establishing an anchored world economy. SunMUN XVI invites delegates to consider the impact, role, and goals of such projects and whether or not they represent economic solidarity or harsh constraints on state sovereignty. What role does the Economic and Social Council play in catalyzing or curtailing these new efforts? Are they a path forward in an increasingly decentralized international monetary system, or do they represent a threat to the continued health of contemporary norms?