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Post by King Sonic on Sept 8, 2012 5:41:26 GMT -8
Statute #5
Originally proposed by Holy Republic of Israel, 2669
Seeing the number of nations in need of capital,
Seeking to reduce poverty and expand opportunity worldwide,
Understanding the current climate does not facilitate this,
The HRI proposes the chartering of the World Bank, with interest rates and regulations to be decided on a case by case basis.
The Bank shall be chaired by three of the world's leading powers, to be decided by sortition every five years. Each of the three chairmen will have the power to blacklist nations during their tenture. The UN shall have the ability to blacklist nations, or remove them from the blacklist. Blacklisting from aid also applies to the Bank.
Bank funds, unlike aid money, shall be open to ALL nations, rather than just the most poor.
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