Alternate History

AUB Foreign Fund (New America)

39,875pages on
this wiki
Add New Page
Add New Page Talk0

AUB Foreign Fund logo

The AUB Foreign Fund is money put aside by the American Union in its budget, monitored by the American Union Bank, to give money to developing nations and humanitarian projects and to help people during disasters and problems. The second task is to loan money to developed countries in a set out agreement, with interest rates, usually paid back in around ten years to pay for their public programs.


In the midst of a economic recession, in the 2008 AU budget and through new parliamentary acts, the AU government set up a fund to loan money to developed nations, with interest rates, to make money during a recession. The second reason was to then use that money and send it to developing nations that needed money for people in poverty, war ridden areas, or in disease. In the first budget five million was set aside for the fund. About 4.8 million was sent to the United Kingdom, with 10% interest due 2020, the deal was officially signed by Gordon Brown and AU President Barack Obama, the other 0.2 million was sent to Ireland with 15% interest due 2016. This gave rise to Contiscepticism, a policy usually held in conservative ideologies, which seeks to limit or draw back powers of the AU. It said the money loaned should have been used for its intended purpose, which was to help people in troubled nations. The Deputy leader of American Conservatives and Reformers, Jack McSheen, described the AUBFF as a failed attempt to make money off a horrible problem and said the money would probably never be seen again. In 2010 the AUB was given another three million dollars, in which most was spent to help those in the Darfur region of Africa, while about 400,000 was directly given to the Red Cross. In the 2011 and 2012 budgets, an additional 2.3 million dollars was given to the fund currently 2.1 million of that has been spent. In 2012 Ireland paid back the 200,000 borrowed and was added back to the greater fund. Britain has not yet paid back any borrowed money.


The intentional goal of the AUBFF was to help the AU become a world wide peace keeping foundation, and with that helping charities and humanitarian efforts. AU Financial secretary, Huron MAP and former American President Bill Clinton, said the 2008 incident was only flawed in the amount given to the two countries but shouldn't have taken away from its intended goals. Those on the left also say since the money given by the countries, the AU tax, and allowing donations, has allowed for greater worldwide intervention with peace and help, instead of war. They also state the AUBFF highers about 3,000 people in the continent, and has about 5000 volunteers deployed around the world around the year.


The most harsh criticism came from Jack McSheen who said in a 2009 interview about the payment debacle: "The amazing part is that it allows for a grace period even to allow these countries, to either pay back later with reduced interest or at a even less amount than discussed." The Obama administration refutes these claims. McSheen congratulated the funding of new charity programs, but stated he would rather have that power devolved back to the respective countries, but commented on the new regulations and power put into place with the AUBFF: "They now increased the amount needed to fund the AUBFF with a 'new tax' on the member states to fund this and taking away the power to do individual acts of kindness from the countries. The new regulations either stop there efforts or combine them into the AU budget." President Obama responded saying "Together we can help at a greater scale, divided we fall."

Also on Fandom

Random Wiki