Auroran Monetary Fund: Difference between revisions
no edit summary
No edit summary |
No edit summary |
||
Line 1:
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.
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]].
==Purpose and function==
| |||