Sudan only African to have its world bank voting share increased

kitayabi · April 25th, 2010, 09:58 PM

In recognition of China's economic transformation the world bank has increased China's voting power from 2.78% to 4.42%.

In regards to Africa of the 47 members a third had their voting share decreased and the rest stayed the same apart from Sudan who was the only Country in Africa to have its share increased.

kitayabi · April 25th, 2010, 09:59 PM

good to see the world bank recognising our healthier economic position.

***Xusein*** · May 4th, 2010, 04:12 AM

Why did Africa as a whole shrink? That doesn't seem fair at all, it might actually hurt Africa as far as aid/debt issues are concerned.

Good for Sudan though.

kitayabi · May 4th, 2010, 12:58 PM

China's share needed to be increased, but the Western countries didn't want to decrease their share and It would be a difficult sell to try and decrease other Asian Countries share.
Africa was simply an easy target am just glad that at least Sudan fought its corner.

Yoniii · May 6th, 2010, 04:00 PM

I read reports of African countries being one of the fastest growing economies in the world right now, this doesn't make sense. They should decrease the US and Greece for f* us up.

Lists of voting powers:

http://web.worldbank.org/WBSITE/EXTE...278036,00.html

***yosef*** · May 6th, 2010, 04:27 PM

Quote:

Originally Posted by Xusein

Why did Africa as a whole shrink? That doesn't seem fair at all, it might actually hurt Africa as far as aid/debt issues are concerned.

Good for Sudan though.

agreed. congrats to Sudan for their increase at least.

abesha · May 6th, 2010, 05:29 PM

Congrats to Sudan but awful for the remaining 52 countries of the continent.
The faster we get rid of the cancer of IMF and the WB, the better we will be.

Magnus01 · May 30th, 2010, 08:17 PM

Quote:

Originally Posted by Xusein

Why did Africa as a whole shrink? That doesn't seem fair at all, it might actually hurt Africa as far as aid/debt issues are concerned.

Good for Sudan though.

I agree with you!!!

Ras Siyan · November 5th, 2010, 06:05 PM

Mabrook yaa Sudan!

April 25th, 2010, 09:58 PM	#1
kitayabi Registered User Join Date: Apr 2007 Posts: 7,987 Likes (Received): 30	Sudan only African to have its world bank voting share increased In recognition of China's economic transformation the world bank has increased China's voting power from 2.78% to 4.42%. In regards to Africa of the 47 members a third had their voting share decreased and the rest stayed the same apart from Sudan who was the only Country in Africa to have its share increased.

May 4th, 2010, 04:12 AM	#3
*Xusein* Somali Mod Join Date: Sep 2005 Location: Kingdom Come Posts: 24,542 Likes (Received): 418	Why did Africa as a whole shrink? That doesn't seem fair at all, it might actually hurt Africa as far as aid/debt issues are concerned. Good for Sudan though. __________________ SkyscraperCity SOOMAALIYA

May 6th, 2010, 04:00 PM	#5
Yoniii Registered User Join Date: Sep 2009 Posts: 8,905 Likes (Received): 148	I read reports of African countries being one of the fastest growing economies in the world right now, this doesn't make sense. They should decrease the US and Greece for f* us up. Lists of voting powers: http://web.worldbank.org/WBSITE/EXTE...278036,00.html Last edited by Yoniii; May 6th, 2010 at 04:10 PM.

November 5th, 2010, 06:05 PM	#9
Ras Siyan INKITENO Join Date: Jan 2009 Location: Djibouti Posts: 4,320 Likes (Received): 38	Mabrook yaa Sudan! __________________ For some weird reason, our ancestors decided to settle in the driest, resource-poor corner of Africa.

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April 25th, 2010, 09:59 PM	#2
kitayabi Registered User Join Date: Apr 2007 Posts: 7,987 Likes (Received): 30	good to see the world bank recognising our healthier economic position.

May 4th, 2010, 12:58 PM	#4
kitayabi Registered User Join Date: Apr 2007 Posts: 7,987 Likes (Received): 30	China's share needed to be increased, but the Western countries didn't want to decrease their share and It would be a difficult sell to try and decrease other Asian Countries share. Africa was simply an easy target am just glad that at least Sudan fought its corner.

May 6th, 2010, 05:29 PM	#7
abesha Modette Join Date: May 2006 Location: Behind you Posts: 16,773 Likes (Received): 420	Congrats to Sudan but awful for the remaining 52 countries of the continent. The faster we get rid of the cancer of IMF and the WB, the better we will be.