Chart of Voting Control of the IMF and World Bank
The IMF was formed in 1945 by the UN. Each of the 189 IMF member countries is assigned a quota, or contribution, that reflects the country's relative size in the global economy. Financial contributions from member governments are linked to voting power.
The World Bank (WB) is a shareholder company. more than 80% of the Bank’s assets come from international investors. The bank’s main activity is investment in profit seeking activities—hard core investment supported by vigorous debt service procedures.
Whereas banks and companies can go bankrupt if they invest unwisely, the World Bank and the IMF can pursue their loans in perpetuity, regardless of the loans having been given to dictators or incompetent borrowers, and regardless of whether the money actually benefited the poor.
When lending money, a commercial bank is only required to have financial assets (“money”) equalling a fraction of the amount of its lending. Over 90% of the “money” in use in the United States exists only as records kept by banks and other financial institutions.
2005 version of this chart
World Bank; www.worldbank.org/en/about/leadership/votingpowers
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