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Auroran Monetary Fund: Difference between revisions
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| status = Non-profit organization
| purpose = Financial stability and infrastructure development
| headquarters =
| region = [[Aurora]]
| services = Finance<br>
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[[Wikipedia:Maori language|Oan]]<br>
[[Wikipedia:German language|Ethalrian]]<br>
[[Axdelian]]<br>
[[Wikipedia:Georgian language|Salovian]]<br>
[[Wikipedia:Frisian|Blueacian]]
| leader_title = President of the AMF
| leader_name =
| leader_title2 = Vice President of AIF
| leader_name2 = TBA
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On 13 February 2020, the [[Emperor of Polynesia]] [[Oahoanu]] opened the Oan National Assembly and delivered the Speech-from-the-Throne. In this speech, discussed how the Oan government would resume the process on the AMF. In the same month discussions resumed and the Oans published a revised discussion document titled the ''Auroran Monetary Fund Discussion Document''.<ref>National Treasury & Department of Foreign Affairs. ''Auroran Monetary Fund Discussion Document''. The Oan Isles. https://cdn.discordapp.com/attachments/711632856740528179/814164894634213376/AMF_Discussion_Document-1.docx</ref> Member states were more supportive of the revised format with the AFSF being included to provide the welfare issues and how policy making would be revised to protect the poor. Following extensive discussions, the AMF was passed by UNAC member states and came into force on 1 March 2021.
In 21 June 2021, most of the central government of [[Asilica]] was destroyed following the [[2021 City of Asilica Terrorist Attack]]. Oscrelia proposed that the UNAC condemn the attack and pledge support to Asilica. The UNAC Council voted in favour. The Prime Minister of the Oan Isles, Maui Uye-Ahua wrote a letter to the UNAC asking for it to deliberate on possible intervention measures to help the people and government of Asilica and more broadly protect the UNAC from instability. President of the AMF, Locklyn Le Roy proposed the formation of two credit facilities for emergency relief and reconstruction. Funds worth 50 billion [[Kirib|KRB]] were made available to Asilica to deal with the aftermath of the crisis.
==Purpose and function==
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* Processing of loan applications,
* Development of policies for indebted nations,
* Collection and analysis of data relevant to that fund
* Distribution of dividends to shareholders and maturities to bondholders,
* Putting up bonds on bond markets.
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===President===
[[File:Locklyn Le Roy.jpg|thumb|241x241px|First and incumbent President of the AMF, Oan politician [[Locklyn Le Roy]]. ]]
The President of the AMF has the following functions:
* Convene and preside over meetings of the Board of Directors,
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===External dispute resolution===
{{Main|Auroran Court of Justice}}
The only court of law with the power to make legally binding decisions over the AMF, AIF and AFSF is the Auroran Court of Justice. The decisions made by the ACJ are binding on the litigants who participate.
* The pre-trial bench of the ACJ determines whether a case should be brought to the trial bench for consideration. It looks at whether the case falls within the scope of the ACJ, whether the matter is material and whether the litigants have attempted other channels to resolve the case. This bench issues a summons for the opposing party to stand trial, creating a legal obligation for the respondent to appear before the court and defend itself.
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== References ==
[[Category:UNAC]]
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