PowerPoint Presentation Economic Growth and development in Southeast Asia



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World Bank led by share holders

  • World Bank controlled by 188 member governments (share holders) with voting shares determined by capital contributions. Referred to as “the Board”. Currently
    • USA is largest share holder with 10.3% voting share (reduced substantially from 16% in early 2000s)
    • Japan is second with 8.6%
    • UK with 6.1%
    • Germany with 5.5%
    • France with 3.7%
    • China with 2.1%
    • Followed by regional groups of countries, each having 4-5% voting shares
  • The Board, chaired by the WB president, decides on major policy directions, reviews all (major) loans and grant agreements.
    • Very political environment, changing as geo-politics and geography of wealth changes (e.g. China is now a full voting member, also in ADB board)
    • US is the only country with veto power… but much less likely to exercise it in recent years.
    • Controversial loans don’t make it to the Board

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