Esenler

Esenler for World Bank decisions. In the decision-making process of the bank, member countries act as shareholders. However, each country does not have an equal share. Rather, a country’s capital subscription determines their voting power. And since a country’s capital subscription is determined by its economic resources, the wealthier the country the greater the voting power, which in turn leads to developing countries holding only a small percentage of voting power. Thus, the countries most in need of the bank’s financial support and advice may not have the necessary voting voice to receive such. The bank’s funds come from member nations’ capital subscriptions, bond flotations on global capital markets, and net earnings accrued from interest payments on IBRD and IFC loans. Esenler 2016.

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