On October 20^th 2024, the delegates in the ECOFIN committee had to deal with the topic „Measures to prevent hyperinflation by international cooperation“. Hyperinflation poses a severe challenge for many nations, each adopting distinct strategies to address it. Mexico has successfully avoided hyperinflation by implementing preventive measures, maintaining a strong financial policy to keep inflation risks at bay. Italy has opted for significant budget cuts as a strategy to control inflation and ensure long-term stability. Iran, in the process of reforming its tax system, recognizes the importance of international cooperation for economic recovery. The government is also focused on prioritizing the safety and well-being of its citizens. Ghana appears to be recovering from its inflation crisis, showing signs of economic stabilization through targeted reforms. Germany, with its historical experience of hyperinflation, has managed to reduce its inflation rate and is committed to ensuring economic stability. France advocates for collective efforts, believing that global cooperation can help resolve the inflation crises faced by weaker economies. The country is offering technical assistance to help struggling nations. 

These diverse approaches underscore the fact that while there is no one-size-fits-all solution to hyperinflation, both local reforms and international cooperation are key to achieving economic stability.