China raises World Bank vote to 4.42%

"Caijing comprehensive report" according to Xinhua news agency, the World Bank Development Committee Spring meeting April 25 passed the developed countries to the developing countries to transfer voting rights reform program, the reform so that China's vote in the bank from the current 2.77% to 4.42%, as the World Bank's third largest shareholder,　　After the United States and Japan. In this reform, the developed countries have transferred 3.13% of their voting rights to developing countries, increasing the overall voting power of developing countries from 44.06% to 47.19%; Increased the voting power of developing countries in the global Financial Corporation from 33.41% to 39.48%.　　The meeting also decided that the bank would make a general increase of $58.4 billion trillion, raising the bank's financial capacity to support poverty reduction in developing countries.　　In an interview after the day, Zoellick said the World Bank was "very proud" of its success with China, which is the 30 anniversary of China's resumption of its legal seat in the World Bank this year, and will visit China later this year and participate in relevant celebrations.　　Talking about the World Bank's future partnership with China, Zoellick said China is the bank's partner, but that China is a developing country itself, so there are a lot of cooperative projects, and now most of the bank's work in China is focused on environmental projects.　　For this major reform, speaking at a press conference that day, Zoellick said that the world is developing into a "new, rapidly evolving multipolar world economy", and that developing countries are playing an increasingly important role in the recovery and recovery of the world economy, and that the World Bank must recognize this reality through its own reforms.　　He pointed out that more than 47% of the voting rights of developing countries was "a significant step" and he hoped that the future of developing countries would have the same voting power as developed countries. The spring meeting of the World Bank Development Committee was held in Washington, D.C., on April 25, 2010. The meeting was an important meeting to implement the consensus on the World Bank reform at the Pittsburg Summit of the group of 20 countries. The finance ministers of the Member States, as well as senior representatives of major international organizations and financial institutions, participated in discussions on the World Bank's voice and representative reform, the World Bank's post-crisis strategic direction, the Bank's financial capacity and internal reforms. China's finance minister, Xuren, and Deputy Minister Li Yong attended the meeting.