Africa Has Less Say After Changes in World Bank Voting
Source: IPS News
The World Bank has described its recent increase of 3.13 percent in the voting power of emerging economies as a reform "to enhance voice and participation of developing and transition countries". But the shift has actually decreased a third of African countries’ share of votes.
Eighteen sub-Saharan countries have thus lost a measure of their already modest influence in the institution’s decision-making process. Nigeria and South Africa are hardest hit, their voting powers having been decreased by about 10 percent.