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(Passed) World Development Bank Act

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Post  Great Eurussia Wed Mar 13, 2013 12:35 am

WORLD DEVELOPMENT BANK ACT
Authored by the Empire of Great Eurussia

Section 1)

The Bank shall be an international independent organization of countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable growth, and reduce poverty around the world.

Section 2)

The Bank shall be governed by the Board of Governors which shall be composed of the heads of the national central banks of all member states who shall decide on who shall be provided by international loans or international grants based on the availability of funds.

The Board of Governors shall decide via super majority approval always.

Section 3)

The Bank shall be headed by a President elected by the Board of Governors from themselves whose responsibilities shall be the leader of the organization, spokesperson of organization, facilitator of the organization, coordinator of the organization, chairman of the board, spokesperson of the board, facilitator of the board, and coordinator of the board.

The President may be elected or removed any time by the Board.

Section 4)

The Bank shall only accept membership from nations willing to commit a voluntarily defined amount from their financial resources specifically defined by a member's "Commerce Budget" and supported by reliable statistics specifically the WA Tracker.

Any amout committed can never be withdrawn during a voting session.

The Bank shall only provide loans or grants to member states only.

Section 5)

The Bank shall have a voluntary membership and must be located in Moscow, Eurussia.


Last edited by Great Eurussia on Sun Nov 03, 2013 9:35 pm; edited 3 times in total
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Post  Greater Broatia Wed Mar 13, 2013 5:24 am

Broatia votes yes
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Post  United States of Europe Wed Mar 13, 2013 5:41 am

Europe vote YES.
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Post  Ronald Wed Mar 13, 2013 8:29 am

Schorr votes yes
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Post  Browera Wed Mar 13, 2013 10:18 am

Browera votes yes
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Post  New-Zealand Wed Mar 13, 2013 11:33 am

New-Zealand Votes YES
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Post  Newasia Thu Mar 14, 2013 1:12 pm

Yes
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Post  Great Eurussia Thu Mar 14, 2013 11:11 pm

Eurussia absolutely votes in favor of our own proposal.
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Post  Great Eurussia Thu Mar 14, 2013 11:12 pm

PROPOSAL STATUS

YES - 7 ( Broatia, Browera, Europa, New Zealand, Schorr, Newasia, Eurussia)
NO - 0

OOC: As the proposal reached a unanimous approval from all members, this proposed "World Development Bank Act" is considered passed!
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Post  Great Eurussia Thu Mar 14, 2013 11:13 pm

WORLD DEVELOPMENT BANK ACT
Authored by the Empire of Great Eurussia

Section 1)

The Bank shall be an international independent organization of countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable growth, and reduce poverty around the world.

Section 2)

The Bank shall be governed by the Board of Governors which shall be composed of the heads of the national central banks of all member states who shall decide on who shall be provided by international loans or international grants based on the availability of funds.

The Board of Governors shall decide via super majority approval always.

Section 3)

The Bank shall be headed by a President elected by the Board of Governors from themselves whose responsibilities shall be the leader of the organization, spokesperson of organization, facilitator of the organization, coordinator of the organization, chairman of the board, spokesperson of the board, facilitator of the board, and coordinator of the board.

The President may be elected or removed any time by the Board.

Section 4)

The Bank shall only accept membership from nations willing to commit a voluntarily defined amount from their financial resources specifically defined by a member's "Commerce Budget" and supported by reliable statistics specifically the WA Tracker.

Any amout committed can never be withdrawn during a voting session.

The Bank shall only provide loans or grants to member states only.

Section 5)

The Bank shall have a voluntary membership and must be located in Moscow, Eurussia.
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