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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. read more