China Gets More Voting Power In World Bank

Law360, New York (April 26, 2010, 5:37 PM EDT) -- The World Bank has decided to increase the clout of China, giving it the third-biggest say in the lending organization after the U.S.' and Japan's.

The 186 countries that own the World Bank also on Sunday endorsed a bid to boost the World Bank's capital by more than $86 billion. The development committee of the board of governors also backed the World Bank’s post-crisis strategy and a comprehensive reform package in an attempt to make the organization faster and more accountable.

“The change in voting power...
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