Did you know that out of the all shareholders in the World Bank, the United States of America is the largest shareholder in the Bank?

African Countries Request For Debt Relief From IMF/World Bank

Advertisements

 

With over 180 member countries, the World Bank is an international financial institution that fights poverty worldwide through sustainable solutions

Advertisements

The World Bank provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects.

Have You Read: African Countries Request For Debt Relief From IMF/World Bank

Advertisements

It has its headquarters in Washington D.C and was founded in July 1944, in the United States of America.

The World Bank has a mission to end extreme poverty and build shared prosperity in developing countries.

In 2021 alone, it provided around $98.83 billion in loans and assistance to “developing” and transition countries.

What you may not know however is that the World Bank was founded by John Maynard Keynes and Harry Dexter White and it has shareholders.

Advertisements

Here in this article, we shall look at some of the top shareholders of the World Bank Group.

Major Shareholders In World Bank

  • U.S.A. (15.5%)

Having the largest number of shares at 15.5% in the World Bank is the United States of America.

Advertisements

The United States is one of the world’s superpowers so it is therefore not surprising that it is a shareholder in the World Bank.

Also one should not have expected less since the USD is the legal tender through which the World Bank transacts business.

  • Japan (7.3%)

Far behind nut next to the United States is Japan another world superpower and the largest innovator of tech in the world.

Japan owns 7.3% of the World Bank shares.

  • China (5.3%)

China, another Asian nation is next on our list with 5.3% shares in the World Bank.

You May Also Like: World Bank Explains Why Nigerian Black Market Is Thriving

Germany (4.2%)

On our list is Germany, another world superpower, having 4.2% shares in the World Bank.

UK & France (3.9%)

The United Kingdom and France also own 3.9% shares respectively in the World Bank.

Shareholders With World Bank
List of World Bank Shareholders

Behind France and the UK, India has 3.0%, closely followed by Russia at 2.9%, while Canada and Saudi Arabia own 2.6% shares.

Also, Italy and Brazil have 2.5%, and 2.9% shares with the World Bank.

Advertisements

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.