Despite BRICS+ having a larger combined GDP than either the G7 or the EU, its capital share and subsequent voting influence within institutions such as the International Bank for Reconstruction and Development (IBRD) remain significantly smaller (as each member country’s voting power is weighted on the basis of its financial contribution to the World Bank) (see Figure 2). On the other hand, India and Brazil were the largest recipients of IBRD loans in 2023, yet contributed just 5 % of the capital.
Distribution of voting power within the IBRD, 2023 (in %)
Categories:
European Parliamentary Research Service
Related Articles
We write about
Disclaimer and Copyright statement
The content of all documents (and articles) contained in this blog is the sole responsibility of the author and any opinions expressed therein do not necessarily represent the official position of the European Parliament. It is addressed to the Members and staff of the EP for their parliamentary work. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the European Parliament is given prior notice and sent a copy.
For a comprehensive description of our cookie and data protection policies, please visit Terms and Conditions page.
Copyright © European Union, 2014-2025. All rights reserved.




Be the first to write a comment.