[BWP alert] Analysis of World Bank voting reforms: Governance remains illegitimate and outdated
A new paper by BWP analyses recent shifts in voting power at the World Bank, including those agreed at the spring meetings. It examines the Bank's claims that these reforms represent significant progress towards equitable voting power between developed and developing or transition countries. A closer look shows that high-income countries will retain more than 60 per cent of voting power, while middle-income countries have only around one third of the votes, and low-income countries languish on just 6 per cent, averaged across the different arms of the World Bank Group. The paper argues that reforms should be approached with much greater urgency, and that voting shares should reflect democratic principles and the Bank's development mandate.
This paper can also be viewed as a PDF: