Auroran Monetary Fund: Difference between revisions
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{{Infobox organization |
{{Infobox organization |
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| name = Auroran Monetary Fund |
| name = Auroran Monetary Fund |
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| native_name = ''Auroranischer Währungsfonds'' {{small|([[Wikipedia:German language|ETH]])}}<br> |
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''Putea Moni o te Orora'' {{small|([[Wikipedia:Maori language|OAN]])}}<br> |
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''Fondo monetario de Aurora'' {{small|([[Wikipedia:Italian language|AXD]])}}<br> |
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ავრორას სავალუტო ფონდი {{small|([[Wikipedia:Georgian language|SAL]])}} |
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| native_name_lang = |
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| image = AMF HQ.png |
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| caption = Seat of the Auroran Monetary Fund |
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| logo = AMF Logo.png |
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| logo_caption = Logo of the Auroran Monetary Fund |
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| map = AMF Member States.png |
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| map_caption = Member states of the Auroran Monetary Fund |
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| abbreviation = AMF |
| abbreviation = AMF |
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| motto = TBA |
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| formation = 1 March 2021 |
| formation = 1 March 2021 |
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| type = International organization |
| type = International organization |
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| status = Non-profit organization |
| status = Non-profit organization |
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| purpose = Financial stability and infrastructure development |
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| headquarters = TBA (AMF)<br>TBA (AIF)<br>TBA (AFSF) |
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| region = [[Aurora]] |
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| services = Finance<br> |
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Policy advisory<br> |
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| fields = International finance |
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| membership = [[Auroran Monetary Fund#Member states|Jump to this section]] |
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| language = [[Wikipedia:English language|Staynish]]<br> |
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[[Wikipedia:Maori language|Oan]]<br> |
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[[Wikipedia:German language|Ethalrian]]<br> |
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[[Wikipedia:Italian language|Axdan]]<br> |
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[[Wikipedia:Georgian language|Salovian]]<br> |
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| leader_title = President of the AMF |
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| leader_name = TBA |
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| leader_title2 = Vice President of AIF |
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| leader_name2 = TBA |
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| leader_title3 = Vice President of the AIF |
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| leader_name3 = TBA |
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| leader_title4 = Chairperson of the General Assembly |
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| leader_name4 = TBA |
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| board_of_directors = [[Auroran Monetary Fund#Board of Governors|Board of Governors]] |
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| main_organ = [[Auroran Monetary Fund#General Assembly|General Assembly]] |
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| parent_organization = [[United Nations of the Auroran Continent]] |
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| subsidiaries = Auroran Infrastructure Fund<br> |
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Auroran Financial Stability Fund |
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| budget = TBA [[Kirib|KRB]] |
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| budget_year = 2021 |
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| revenue = TBA [[Kirib|KRB]] |
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| revenue_year = 2021 |
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| expenses = TBA [[Kirib|KRB]] |
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| expenses_year = 2021 |
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| staff = TBA |
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| staff_year = 2021 |
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| website = www.amf.caek |
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}} |
}} |
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The '''Auroran Monetary Fund''' is a multilateral international financial organization affiliated with the [[United Nations of the Auroran Continent]]. It was founded on 1 March 2021 following the approval of the Council of the UNAC, however negotiations and discussions to bring the organization to fruition started in 2017, when Minister of Foreign Affairs of [[the Oan Isles]], [[Arana Marama]], proposed its founding. As enumerated in its founding document, the ''Charter of the Auroran Monetary Fund'', its purpose is to encourage economic stability and prosperity - functions it exercises via its Constituent funds: the Auroran Financial Stability Fund and the Auroran Infrastructure Fund. |
The '''Auroran Monetary Fund''' is a multilateral international financial organization affiliated with the [[United Nations of the Auroran Continent]]. It was founded on 1 March 2021 following the approval of the Council of the UNAC, however negotiations and discussions to bring the organization to fruition started in 2017, when Minister of Foreign Affairs of [[the Oan Isles]], [[Arana Marama]], proposed its founding. As enumerated in its founding document, the ''Charter of the Auroran Monetary Fund'', its purpose is to encourage economic stability and prosperity - functions it exercises via its Constituent funds: the Auroran Financial Stability Fund and the Auroran Infrastructure Fund. |
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Pooling the resources of member states (the governments of which are its primary shareholders), it also raises private sector financial capital via preferential shares and bonds. Disputes between members undergo internal and external processes of mediation, arbitration and adjudication, ending with a decision by the Auroran Court of Justice. Though comprising two parts each led by its own [[Auroran Monetary Fund#Vice Presidents|Vice President]], the General Assembly (comprised of member states) makes the final decisions and appoints the [[Auroran Monetary Fund#President|President of the AMF]] who oversees and administers the daily running of the institution. Alongside, the [[Auroran Central Bank]], the AMF is one of the key financial institutions of [[Aurora]]. |
Pooling the resources of member states (the governments of which are its primary shareholders), it also raises private sector financial capital via preferential shares and bonds. Disputes between members undergo internal and external processes of mediation, arbitration and adjudication, ending with a decision by the Auroran Court of Justice. Though comprising two parts each led by its own [[Auroran Monetary Fund#Vice Presidents|Vice President]], the General Assembly (comprised of member states) makes the final decisions and appoints the [[Auroran Monetary Fund#President|President of the AMF]] who oversees and administers the daily running of the institution. Alongside, the [[Auroran Central Bank]], the AMF is one of the key financial institutions of [[Aurora]]. The AMF uses the [[Kirib]] as its sole currency. |
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==Purpose and function== |
==Purpose and function== |
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* Voting shares which give holders thereof the right to vote in the General Assembly. Only governments can own such shares. Governments may only transfer these shares to another government. They may not transfer these shares to non-member states. Governments may only transfer their voting share to another nation with the approval of the General Assembly. Voting rights are distributed according to the proportion of held voting shares. The General Assembly may vote to create more shares which would alter the voting rights of the members. Each fund has its own shares meaning that having shares in one sub-fund does not give one voting rights in matters concerning the other sub-fund. Members with voting shares only receive dividends once the preferential shares and bondholders have been paid. Governments may purchase as many shares as they can afford and as many shares as are available. Shares are sold and bought by auction. Meaning, for each round of shares made available, a government must present the quantity of shares and total price that it is willing to pay for the shares. The shares are then distributed according to the auction. The value of the share is calculated by distributed the net asset value of the sub-fund by number of shares. |
* Voting shares which give holders thereof the right to vote in the General Assembly. Only governments can own such shares. Governments may only transfer these shares to another government. They may not transfer these shares to non-member states. Governments may only transfer their voting share to another nation with the approval of the General Assembly. Voting rights are distributed according to the proportion of held voting shares. The General Assembly may vote to create more shares which would alter the voting rights of the members. Each fund has its own shares meaning that having shares in one sub-fund does not give one voting rights in matters concerning the other sub-fund. Members with voting shares only receive dividends once the preferential shares and bondholders have been paid. Governments may purchase as many shares as they can afford and as many shares as are available. Shares are sold and bought by auction. Meaning, for each round of shares made available, a government must present the quantity of shares and total price that it is willing to pay for the shares. The shares are then distributed according to the auction. The value of the share is calculated by distributed the net asset value of the sub-fund by number of shares. |
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* Preferential shares do not grant any voting rights. They grant shareholders the right to receive a fixed dividend per share. Preferential shareholders are paid after bondholders but before voting shareholders. Anyone including governments, private citizens and companies may buy these shares. These shares can be sold and bought on any market where shares are legally traded. |
* Preferential shares do not grant any voting rights. They grant shareholders the right to receive a fixed dividend per share. Preferential shareholders are paid after bondholders but before voting shareholders. Anyone including governments, private citizens and companies may buy these shares. These shares can be sold and bought on any market where shares are legally traded. |
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=== Member states === |
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As of March 2021, there are 100 million shares for the AIF and 100 million shares for the AFSF. Each share is worth 100 [[Kirib|KRB]]. |
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{| class="wikitable" |
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|+Table of member states |
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!Country |
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!Representative |
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!AIF Share % |
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!AIF Share KRB |
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!AFSF Share % |
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!AIF Share KRB |
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|[[Axdel]] |
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|[[Blueacia]] |
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|[[Dragonia]] |
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|[[Durentrus]] |
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|[[Emberwood Coast]] |
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|[[Faethalria]] |
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|[[Great Morstaybishlia]] |
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|[[North Ethalrian Confederacy]] |
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|[[The Oan Isles|Oan Isles]] |
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|Oceansend |
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|[[Sarentria]] |
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|[[Tivot]] |
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|[[Tuvaltastan]] |
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|[[Valerica]] |
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|[[Xiopothos]] |
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|[[Yor|Yor Isles]] |
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==Dispute resolution== |
==Dispute resolution== |
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