Four Rising Nations Summit: Difference between revisions
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|GDP_nominal = | |GDP_nominal = 3.947 Trillion USD | ||
|GDP_nominal_rank = 1<sup>st | |GDP_nominal_rank = 1<sup>st | ||
|GDP_nominal_year = 2018 | |GDP_nominal_year = 2018 | ||
|GDP_nominal_per_capita = | |GDP_nominal_per_capita = 12,732 USD | ||
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| [[ | | [[Rigganit]](PKR; Pulau Keramat)|[[Mutulese Baat|Baat]] (BAT; Mutul)| [[Charnean Lira |Lira]] (CLR; Charnea)| [[Benaajabi Bong|Bong]] (BNG; Benaajab) | ||
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Revision as of 23:06, 20 August 2019
 Flag | |
| Official languages | |
| Type | Economic Association |
| Member states | 4 Members |
| Leaders | |
| Kubra ult Lamine | |
| Napti Baltacha | |
| Maurani Rahmkha | |
| Jasaw Chan K'awiil V | |
| Formation | |
• Summit of 2011 | October 2011 |
| Population | |
• 2010 estimate | 310 millions |
| GDP (nominal) | 2018 estimate |
• Total | 3.947 Trillion USD (1st) |
• Per capita | 12,732 USD |
| Currency | |
The Four Rising Nations Summit is the name given to an association of four major “rising national economy” : the Mutul, Benaajab, Charnea, and Pulau Keramat. In 2017, they represented 310 millions people, with a combined nominal GDP of roughly 3.947 Trillion USD. The Summit has received both praises and criticism from numerous commentators. Bilateral relations among the Tabwan Kan nations have mainly been conducted on the basis of non-interference, equality, and mutual benefit.
History
Organizational Structure
The annual summits, which are composed of one delegate from each member state, are the governing authority of organization. The joint statement that is issued after the summit is considered to be the guiding doctrine, but most of the day-to-day work is carried out by a panel of twenty executive directors. The executive directors act as a governing board--though their members are appointed by the summit when vacancies arise--and are typically a mix of former industrial executives and academics.
The executive directors form committees for the major activities of the summit as defined each year by the joint statement. At the previous summit, the executive directors were directed to form five committees on Energy Development, Poverty & Education, Health, Transportation, and a Treasury committee.
The summit's finances and operations are audited annually by an independent party from a non-member state.
BMPC Bank
The BMPC Bank (named from the acronym of the Four Nations) is a multilateral development bank established by the Four Rising States. According to the Agreement on the BIMMB, "the Bank shall support public or private projects through loans, guarantees, equity participation and other financial instruments." Moreover, the BIMMB "shall cooperate with international organizations and other financial entities, and provide technical assistance for projects to be supported by the Bank.”
The bank has a capital of 60 billions USD. The bank's primary focus of lending is infrastructure, agriculture, and sustained development projects with authorized lending of up to $25 billions annually. There are ongoing discussions to see if the Mutul participation in the Bank can be raised, as the bulk of the Bank’s investment are currently in the BWR (infrastructure), Benaajab (agriculture), and Taizhou (Energy).
| Country | Number of shares | Shareholding (%) | Voting rights (%) | Authorised Capital (billions USD) |
|---|---|---|---|---|
 Charnea
|
12,000 | 20 | 20 | 15 |
 Benaajab
|
12,000 | 20 | 20 | 15 |
 Mutul
|
24,000 | 40 | 40 | 25 |
 Pulau Keramat
|
12,000 | 20 | 20 | 15 |
| Grand Total | 60,000 | 100 | 100 | 60 |
The Protective Reserve Arrangement
The Protective Reserve Arrangement is a framework for the provision of support through liquidity and precautionary instruments in response to actual or potential short-term balance of payments pressures. The legal basis is formed by the Treaty for the Establishment of a Protective Reserve of the Four Nations.
The objective of this reserve is to provide protection against global liquidity pressures. This includes currency issues where members’ national currencies are being adversely affected by global financial pressures.
| Country | Capital Contribution (billion USD) | Access to Funds (billions USD | Voting Rights (%) |
|---|---|---|---|
| Charnea
|
20 | 20 | 20 |
| Benaajab
|
20 | 20 | 20 |
| Mutul
|
40 | 20 | 40 |
| Pulau Keramat
|
20 | 20 | 20 |
| Grand Total | 100 | 80 | 100 |
Non-profit programs
Tabwan K’an countries also support one another through non-profit programs and aids.
The “Life Balance” program was put in place to expand the recreational infrastructures of other Rising Nations, notably building Pitz arenas in Benajaab. The Mutul heavily invested in Pitz clubs in these countries, supporting the development of the game, favoring the creation of new national leagues and international competitions. As a result, other form of Mutuleses entertainments quickly grew along with Pitz games, such as “Mutulese Fencing” and various ballgames. This quick rise of popularity of Mutuleses sports and medias as led to the 4RN to regularly considering the development of their own trans-makrian telecommunication system.