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GenevaLunch was among the many media organizations that touted the World Bank’s revised voting scheme 25 April, with a 3.13 percent increase in developing countries’ voting power. But AllAfrica has picked up a long thoughtful article on the subject from the IPS news agency which points out that the shift in voting power has actually decreased the votes of one-third of African countries, with Nigeria and South Africa hardest hit. Each lost 10 percent of its voting power. “Sub-Saharan Africa, the target of many of its “poverty reduction” programmes, retains a total of less than six percent of the institution’s voting rights,” the article notes.

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