{"id":289508,"date":"2025-03-10T12:00:35","date_gmt":"2025-03-10T12:00:35","guid":{"rendered":"https:\/\/www.transcend.org\/tms\/?p=289508"},"modified":"2025-03-09T15:33:40","modified_gmt":"2025-03-09T15:33:40","slug":"the-global-north-has-nine-times-more-voting-power-at-the-imf-than-the-global-south","status":"publish","type":"post","link":"https:\/\/www.transcend.org\/tms\/2025\/03\/the-global-north-has-nine-times-more-voting-power-at-the-imf-than-the-global-south\/","title":{"rendered":"The Global North Has Nine Times More Voting Power at the IMF Than the Global South"},"content":{"rendered":"

6 Mar 2025 – In the deeply undemocratic International Monetary Fund, where a country\u2019s voting power is tied not to its population size but to the size of its economy, the US effectively holds a veto over any major changes and moulds policies according to its whims.<\/em><\/p><\/blockquote>\n

\"\"<\/a><\/p>\n

Yes, the headline is accurate.<\/p>\n

As far as the International Monetary Fund (IMF) is concerned, each person in the Global North is worth nine people in the Global South. We get that calculation from IMF data<\/a> on voting power in the organisation relative to the population of the Global North and Global South states. Each country, based on its \u2018relative economic position\u2019, as the IMF suggests<\/a>, is given voting rights to elect delegates to the IMF\u2019s executive board<\/a>, which makes all of the organisation\u2019s important decisions. A brief glance at the board shows that the Global North is vastly overrepresented in this crucial multilateral institution for indebted countries.<\/p>\n

TO CONTINUE READING Go to Original – thetricontinental.org<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

6 Mar 2025 – In the deeply undemocratic International Monetary Fund, where a country\u2019s voting power is tied not to its population size but to the size of its economy, the US effectively holds a veto over any major changes and moulds policies according to its whims.<\/p>\n","protected":false},"author":4,"featured_media":289509,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[146],"tags":[2642,550,354,2846,1289,610],"class_list":["post-289508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economics","tag-anti-imperialism","tag-corruption","tag-economics","tag-global-south","tag-imf","tag-inequality"],"_links":{"self":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/289508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/comments?post=289508"}],"version-history":[{"count":1,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/289508\/revisions"}],"predecessor-version":[{"id":289510,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/289508\/revisions\/289510"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media\/289509"}],"wp:attachment":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media?parent=289508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/categories?post=289508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/tags?post=289508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}