Indonesia to get a seat on the Executive Board of the World Bank's executive directors in the election multilateral development bank that was held this weekend.
Referring to the document results of the election of the Executive Board of the World Bank, Indonesia get the 41,096 votes from the vote total of 1,012,848 votes. Executive director who is elected Hekinus Manao which currently holds the Inspector General of the Ministry of Finance of Indonesia.
Seats held by Indonesia executive director will represent 11 countries constituencies, namely Indonesia, Brunei Darussalam, Fiji, Laos, Malaysia, Myanmar, Nepal, Singapore, Thailand, Tonga, and Vietnam.
World Bank Executive Board is an authority that represents the interests of its member states and countries that choose them. This Council has the authority to run the World Bank operations such as budget approval and loans.
Ownership of seats in the House indicates his country and a number of countries are subordinate constituents have a voice in decision-making more World Bank. Under the Articles of Agreement, the five member countries having the largest share to appoint its own executive director, while others must be elected by popular vote every 2 years.
24-member Executive Council executive director, consists of five permanent seats to the five countries the largest shareholder, and 19 seats elected by popular vote. However, last weekend, the World Bank added a seat for South Africa so that in total amounted to 25 seats.
RI has a stake of 0.95% by voting power as much as 0.94%. The majority of the shares controlled by the United States the World Bank is 16.84%, followed by Japan 8.07% Germany 4.60% France 4.41%, 4.41% and the UK.
Thus, the U.S., Japan, Germany, France and Britain control of a permanent seat on the executive board. Besides Indonesia and South Africa, countries that have seats on the council based on the election results last weekend were Sweden, Argentina, India, Italy, the Democratic Republic of Congo, Spain, Australia, Kuwait, Belgium, South Africa, Switzerland, Canada, Brazil, Zimbabwe, Iran, Netherlands, China, Saudi Arabia.
The 25 countries which held the executive director's chair will begin to assume office on 1 November 2010 until 2 years into the future. The addition of seats to South Africa a third seat on the council for the region.
The World Bank views the current composition of the executive board more representative group of developing countries. Shares of developing countries and transition group has increased by 4.6% during the last 2 years and now reaches 47.2%.
"The voice of developing countries is important to create effective development and reflect the realities of the world today," said World Bank President Robert B. Zoellick. Indonesia Today
Seats held by Indonesia executive director will represent 11 countries constituencies, namely Indonesia, Brunei Darussalam, Fiji, Laos, Malaysia, Myanmar, Nepal, Singapore, Thailand, Tonga, and Vietnam.
World Bank Executive Board is an authority that represents the interests of its member states and countries that choose them. This Council has the authority to run the World Bank operations such as budget approval and loans.
Ownership of seats in the House indicates his country and a number of countries are subordinate constituents have a voice in decision-making more World Bank. Under the Articles of Agreement, the five member countries having the largest share to appoint its own executive director, while others must be elected by popular vote every 2 years.
24-member Executive Council executive director, consists of five permanent seats to the five countries the largest shareholder, and 19 seats elected by popular vote. However, last weekend, the World Bank added a seat for South Africa so that in total amounted to 25 seats.
RI has a stake of 0.95% by voting power as much as 0.94%. The majority of the shares controlled by the United States the World Bank is 16.84%, followed by Japan 8.07% Germany 4.60% France 4.41%, 4.41% and the UK.
Thus, the U.S., Japan, Germany, France and Britain control of a permanent seat on the executive board. Besides Indonesia and South Africa, countries that have seats on the council based on the election results last weekend were Sweden, Argentina, India, Italy, the Democratic Republic of Congo, Spain, Australia, Kuwait, Belgium, South Africa, Switzerland, Canada, Brazil, Zimbabwe, Iran, Netherlands, China, Saudi Arabia.
The 25 countries which held the executive director's chair will begin to assume office on 1 November 2010 until 2 years into the future. The addition of seats to South Africa a third seat on the council for the region.
The World Bank views the current composition of the executive board more representative group of developing countries. Shares of developing countries and transition group has increased by 4.6% during the last 2 years and now reaches 47.2%.
"The voice of developing countries is important to create effective development and reflect the realities of the world today," said World Bank President Robert B. Zoellick. Indonesia Today
