Member states of the IMF and the World Bank arrive at decisions by voting systems which roughly represent their share of the world GDP. They carry ultimate decision-making power in the organizations just as shareholders do in large corporations. As a result, many developing countries complain about the IMF and the World Bank as being the "rich men's club".
Data Source: The World Bank, The IMF
* IMF: International Monetary Fund
IBRD: International Bank for Reconstruction and Development
IDA: International Development Association
IFC: International Finance Corporation
MIGA: Multilateral Investment Guarantee Agency
* The World Bank group is founded in 1944. It consists of five closely associated institutions: the International Bank for Reconstruction and Development (IBRD); International Development Association (IDA), International Finance Corporation (IFC); Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement of Investment Disputes (ICSID).
1The Group of Twenty (G20) was created on September 25, 1999. This international forum of finance ministers and central bank governors represents 19 countries and the European Union.
2Total voting shares of the 27 member states of the European Union: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovak Republic, Slovenia, Spain, Sweden and the United Kingdom.
Bulgaria, Lithuania, Malta and Romania are not members of the IDA, therefore they are not included in the EU total.
