Remittances and Tiny Deposits
Overview
TG Campaign
Resolution Text
| Category: | Free Trade | Strength: | Mild | Proposed By: | Love and esterel |
|---|
Description:The United Nations,
-A- NOTING that remittances can be substantial sources of revenue for many families in the world, allowing for greater access to healthcare, education, small business development, savings through tiny deposits or otherwise and community projects,
-B- REGRETTING that remittance services are sometimes not easily available or charge high commissions,
-C- DESIRING that more people with low income, in particular in economically developing nations, have access to secured tiny deposits and micro-insurance, in order to save money for education, access to land or other property or to be protected from basic life risk, fire, property/cattle/crops damage, weather risk or other basic risks,
-D- NOTING that remittances, secured tiny deposits and micro-insurance contribute substantially to the development of economically developing nations,
-E- DEFINING, for the purposes of this document:
- "Remittance" as a sum of money sent to people, accredited non-profit organizations or local community projects from a migrant worker,
- "Secured tiny deposit" as a recorded and uncharged small sum of money entrusted to an organization/bank/administration, which the account holder can add to or withdraw from, with a zero credit limit, and on which interest may be credited,
- "Micro-insurance" as the coverage by a contract binding a party to indemnify another against basic life risk, fire, property/cattle/crops damage, weather risk or other basic risks, in return for a small paid premium:
-1- URGES members to secure easy access to fast, low-charge/rate remittance services including free confirmation of the transfer, such as through increasing the availability of internet services and through international cooperation between post-offices and banks;
-2- PERMITS members to reasonably limit the transfer of currency, through restriction of remittance amounts, in the event of financial crises, and to take steps to reappropriate forged currency;
-3- RECOMMENDS members monitor, in cooperation with others nations, these international money transfers for eventual fiscal fraud, human and arms trafficking or other criminal activities;
-4- URGES members to increase access to tiny deposits and basic life risk, fire, property/cattle/crops damage, weather risk or other basic risk micro-insurances to people with low income, by encouraging non-profit organizations, banks, insurance companies or government agencies to offer these services;
-5- URGES members to set transparency standards relative to the management and origin of the funds and to the amount of indemnities, in order to avoid abuses, and to guarantee the security of tiny deposits and micro-insurances, in the event of bankruptcy of a legitimate organization offering such services.
Co-authored by Kirisubo
- Votes For: 5,180
- Votes Against: 7,634
- Voting Ended: Sun Feb 19 2006
