ATARA Bank of Development
 | This article is incomplete because it is pending further input from participants, or it is a work-in-progress by one author. Please comment on this article's talk page to share your input, comments and questions. Note: To contribute to this article, you may need to seek help from the author(s) of this page. |
.png){kind=logo} Logo of the ATARA Bank of Development | |
| Abbreviation | ABD |
|---|---|
| Type | Multilateral Development Bank |
| Legal status | Treaty |
| Purpose | Social and Economic Development |
| Headquarters | Altaria, Iverica |
Region served | Tricontinental Region (Argis, Thalassa, Alharu) |
Membership | 15 countries |
President | Name of President |
Main organ | Board of Representatives |
Parent organization | Argic-Thalassan-Alharun Regional Association |
Staff | 1,900 |
Volunteers | 200 |
The Argic-Thalassan-Alharun Bank of Development (ABD) is an international financial institution established in March 30 2020, which is headquartered in Altaria, Iverica. It is a project, subordinate organisation, and financial partner of the Argic-Thalassan-Alharun Regional Association (ATARA). The company also maintains 10 field offices around the wurld to promote social and economic development in the Tricontinental region of Argis, Thalassa, and Alharu. The bank admits the members of the Argic-Thalassan-Alharun Regional Association and non-regional developed countries. ABD has NUMBER OF MEMBERS.
ABD's primary purpose is to provide member states with greater access to development funds. Individual investments made to ABD go to a development fund composed of the unified sum of all member donations. Members thus have access to a greater amount of capital than might be available to them at a given period. ABD functions to grow that development fund by trading stocks and shares, making public or private sector investments, or by trading currency. ABD's Board of Representatives drafts an agreement with states seeking loans or assistance; beneficiary states are required to repay ABD, but at no actual interest other than what it might incur from inflation. Payment plans and securities are agreed upon before hand, usually in great consideration to the socio-economic difficulties faced by the beneficiary state. In the case that a state is not able to repay the loan within a reasonable period, ABD may choose to take other assets or material resources in payment.
The ADB was modeled closely on the Thalassan-Europan-Alharun-Argic-Aurelian-Marenesian Institute (TEAAAM), which is a similar international financial institution that offers capital, expertise, and development assistance to public and private businesses. Unlike TEAAAM, which is not-only-for-profit, ABD is a non-profit bank which re-invests or donates outstanding income after operating expenses.