Skappola wrote:Financial Sovereignty Act
Author: Yohani Rapongan(Path to Harmony)
Sponsors: Yunus Moghadam (PtH), Greanihte (NWP)
An act to ensure the financial sovereignty of Elizia.
BBE IT THEREFORE ENACTED by the Head of the State, by and with the counsel of the Government, and the authority of the Federal Parliament by virtue of the powers placed upon it by the Law, as follows:§1 – Definitions:
IMF - the International Monetary Fund.
§2 – The IMF
In protest of the unreasonable interest rates levied upon Elizia and the unequal representation in international financial votes, Elizia hereby withdraws from the IMF and all associated agencies.§3 – Non-IMF Debts
- All debt owed to the IMF and foreign nations through the IMF by Elizia is hereby declared null and void.
- Any attempts to forcefully collect upon the aforementioned debt will be considered encroachment upon the Elizia's financial sovereignty, and dealt with at the behest of Elizia's parliament.
§4 – Multilateral Development Banks
- Government debt unrelated to the IMF shall still be repaid on time and in full.
In replacement of the imperialistic IMF, Elizia hereby requests membership in the following organizations.
- The International Bank for Reconstruction and Development, the International Development Association, the International Fund for Agricultural Development, the Islamic Development Bank, and the Asian Development Bank
Any sponsors or suggestions?
I'll sponsor this.