Narikaton and Darnussia

[Mbites]

August 5574

Finance Minister Wagner reorganizes Bannerpakt

Minister of Finance Kirsten Wagner explaining the new Bannerpakt

The Bannerpakt, which was once a broad diplomatic vehicle hailing from the last century has lost its original purpose a long time ago, and that is what the current government of the Dual Republic also started to accept in the recent months. After a long-term observation period in which the influential parts of the Bannerpakt have been examined, the responsible ministry, the Ministry of Finance has now announced their future plans with the Bannerpakt. The Pakt is gonna liquidate it's diplomatic departments and purposes in an orderly fashion and will relocate relevant assets to the 3rd Point Trade Federation which will instead take on the tasks of joint economic security risk management and trade protection. To accommodate these changes, the Dual Republic is going to propose a system of differently tiered member-statutes to the current partners in the Trade Federation. What remains of the Bannerpakt is its genuine economic side, the Bannerpakt Investment and Stabilization Fund, which has acted as a sort of globally accesible investment fund for Dual Republican money, many entitites over the years have requested money and it has been granted with discreete and business-friendly arrangements. Now Finance Minister Wagner plans on formalizing what has already been custom for years by reducing the Bannerpakt to the just explained fund. It's current portfolio mostly consists of assets across the Jelbic Empire especially in Beiteynu, some in Badara and a very diverse range of shares or loan-demands of smaller businesses in the Dual Republic itself. Wagner has announced that this fund will now be accessible to the world.