BELIEVING that through focused initiatives and international cooperation, poverty and suffering can be ended,

NOTICING that microfinance allows the impoverished access to much-needed financial assistance,

RECOGNIZING that those living in poverty may be targeted by unfair, deceptive, and fraudulent lending practices,

SEEKING to protect those persons from predatory lending through specialized, safe credit opportunities,

The World Assembly therefore

DEFINES microcredit as the extension of loans for small sums of money, by lenders to those in poverty, for the purpose of sustaining livelihood and encouraging entrepreneurship;

DEFINES microgrant as a gift of a small sum of money, for the purpose of sustaining livelihood and encouraging entrepreneurship;

DEFINES solidarity lending as practice of lending microcredit collectively to a group of persons, to decrease risk for lenders by increasing the probability of debt repayment;

DEFINES a defaulted loan as one that the borrower has failed to make scheduled debt payments for at least one year;

DEFINES borrower insolvency as the inability of a borrower to make scheduled debt payments, after all reasonable payment plans have been tried;

ENCOURAGES nations to strive to eliminate poverty through microcredit, social welfare programs, and other forms of assistance directed at the impoverished;

ESTABLISHES the World Microcredit Foundation (WMF) as a global resource for microcredit lenders and the world’s impoverished persons, which is tasked with establishing WMF chapters in willing nations and ensuring the safety and efficiency of microcredit by:
- Determining credible, honest, and fair microcredit lenders and authorizing such lenders to participate in the WMF initiative, a global effort to provide microcredit and stimulate entrepreneurship;
- Forming lending standards to which all authorized WMF lenders are bound, and routinely inspecting the practices and finances of authorized WMF lenders;
- Disseminating information about WMF lenders, the WMF initiative, and microcredit in general, to microcredit lenders and borrowers;
- Educating the general populace about the safe and responsible use of credit;
- Working with borrowers to ensure the repayment of loans;
- Reimbursing lenders the balance of the principle investment in cases of defaulted loans and borrower insolvency;

CLARIFYING that the WMF shall not be the originator of any loans;

ENCOURAGES WMF lenders to practice solidarity lending, believing it to be a building block of successful microcredit lending;

ENCOURAGES nations with areas of large numbers of impoverished citizens to inquire about and establish WMF chapters in those areas;

ENCOURAGES credit lenders to research and participate in the WMF initiative;

ESTABLISHES the Microgrant Institute as a subset of the WMF, which shall:
- Accept monetary donations from individuals, governments, organizations, corporations, or other entities;
- Determine individuals living in extreme poverty who are too risk-averse to seek out a loan or have been denied access to microcredit;
- Review applications and determining if those individuals genuinely require assistance;
- Distribute a microgrant, through the monies obtained through donations, to those persons, for the purpose of sustaining livelihood and encouraging entrepreneurship.

The World Assembly,

RECOGNIZING the vital role that petroleum products play in the economies of many World Assembly states;

RECOGNIZING that significant amounts of the world's oil lies offshore;

REGRETTING the resultant need many nations have for offshore drilling;

DEFINES offshore drilling as the discovery and development of oil and natural gas resources which lie underwater;

DEFINES an oil producer as any corporation, association, group, or state which engages in offshore drilling in the waters of any World Assembly member state;

DEFINES a safe drilling depth as that sea floor depth at which an oil producer has the technology to ensure the safety of the involved workers, and to contain, to a reasonable extent, the environmental effects should an offshore drilling system become compromised by fire, explosion, natural disaster, or other cause;

ESTABLISHES the World Assembly Responsible Offshore Drilling Administration, or WARODA, with the following purposes:
1. To assess the safe drilling depth of the oil producers operating in World Assembly member states,
2. To research methods and tactics for preventing the compromise of offshore drilling systems by fire, explosion, natural disaster, and other causes,
3. To research methods and tactics for containing and reducing the effects on the environment should such a compromise occur,
4. To establish reasonable limits on the release of contaminated water from offshore drilling systems,
5. To review proposed drilling sites with regard to the sensitivity of the surrounding environment,
6. To restrict drilling in areas determined to have extremely sensitive environments,

REQUIRES oil producers to be in compliance with the limits, rules, and regulations made by the WARODA;

REQUIRES oil producers to maintain insurance and/or an emergency fund to be used in the event of the compromise of one of their offshore drilling systems;

REQUIRES this insurance and/or emergency fund to be of sufficient size to provide for the cleanup operations should a drilling system be compromised

REQUIRES oil producers to attempt, to the best of their ability, to reduce the severity of the environmental impact in the event of a compromise of one of their offshore drilling systems;

PROHIBITS any oil producer from operate an offshore drilling operation at any unsafe depth;

REQUIRES oil producers whose origin is within a World Assembly member state to keep their operations in compliance with the provisions of this act, regardless of whether the operation is within the territorial waters of a World Assembly member state, those of a non-member state, or international waters.

REQUIRES all offshore drilling operations in the territorial waters of World Assembly member states to be in compliance with the provisions of this act, regardless of the origin of the oil producer overseeing the operations;

AFFIRMS that this act does not prohibit offshore drilling at a safe drilling depth, provided that all provisions of this act are met;

STRONGLY RECOMMENDS that World Assembly member states restrict offshore drilling beyond the requirements of this act, or ban it outright.

RECOGNIZING health is a duty of every nation, aiming at universal & equal access to health services (promotion, protection & recovery);

FURTHER RECOGNIZING health services rank among the ones which have the highest public relevance;

AFFIRMING it is necessary, under the law, to have government regulation & supervision, to be carried out directly or through third parties, and the duty of the World Health Authority (WHA) in assisting such actions if, and only if, so asked by any nation;

IT IS THEREFORE ESTABLISHED:

1) The health services shall constitute separate systems in each & every nation, organized according to the following guidelines:

a) Full health services coverage;
b) Community participation;
c) Cooperation between nations that are not at a declared state of war amongst themselves.

2) The health system shall be financed by national budgets or the budgets of assigned political divisions, as well as other existing private voluntary sources. The WHA may also fund at the request of any nation, but never before a thorough audit of the health system, ensuring transparency & honesty. The WHA shall deny funding to any nation if there is:

a) Reasonable suspicion of occurrence of deliberate diversion of money from the health budget towards other uses; the WHA shall never cover deliberate budgetary shortages;
b) Reasonable evidence a nation’s economy is strong enough as to not actually need external help.

3) World Assembly members are strongly urged to provide voluntary health personnel & donated medical supplies to nations that ask for such help, due to issues such as, but not limited to, extreme poverty or disasters;

4) Nations, or any assigned political divisions, shall:

a) Provide health personnel & supplies to health services at least once every budget cycle, aiming at the gradual reduction of internal health disparities;
b) Establish the standards of review, evaluation & control of allocation of health personnel & supplies;
c) The WHA shall assist the shaping of said standards if, and only if, so asked by any nation.

5) Nations or any assigned political divisions shall retain full freedom to:

a) Allow or not, partial to full participation of private enterprise in their health systems;
b) Provide assistance only to those who cannot afford to pay for their own care, if compelling practical purposes for such a policy can be proven beyond any doubt.

6) The health system of a nation, or any assigned political divisions, is responsible for:

a) Helping the training of health personnel;
b) Participating in the effort of eradication of endemic diseases;
c) Participating in policy formulation & implementation of basic sanitation projects.