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Strategies & Market Trends : Africa and its Issues- Why Have We Ignored Africa?
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To: Julius Wong who wrote (12)4/13/2003 10:09:20 AM
From: epicure  Read Replies (1) of 1267
 
Thank you so much for the article. I found the paragraphs below particularly interesting- since I did not know so many nations, with diverse needs and interests, were sharing representation:

Unlike the United Nations, the member nations of international financial institutions do not have equal voting rights but rather become shareholders of the bodies, according to economic status.

As a result, the United States remains the single biggest voter in these two institutions, followed by Japan and then Germany. The bigger shareholders have one representative seat on the 24-seat executive board, while poorer nations share regional seats.

For Africa, 24 nations -- including Benin and Togo -- share one seat, while the remaining 20 countries share another.
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