India and China got more power in World Bank

The world bank approved the shining of India and China in the Global finance. The annual meeting of world bank and International Monitoring Fund (IMF) held at washington on 25th April Sunday decided to increase the number of voting capacity of India and China. The 3rd developing country which got more voting power is Brazil. The voting power of India in world bank was 2.77%. Now with the new decisions, it is increased to 2.91 %. India reached in 7th position in the world bank s partnership just after the countries America, Japan, China, Germany, France and United Kingdom. Increment in India s percentage of voting power in the world bank can be considered as an award given for its total higher financial achievemants gained globaly in the last 10 years. By this increment of percentage of voting power in the world bank, India and China will get more power in decisions of world bank. For last many years the decision power of world bank were vested in developed countries. China got a increment of 4.42 % from 2.77 % in the voting power improvement and reached in the 3rd positon just after America and Japan. China reached the position of 3rd after defeating highly financially sounded western countries like Germany, France, and United Kingdom. India, China and Brazil got more voting power and financial influences among 186 countries in the world bank. The annual meeting held at Washington on 25 has also decided to increase the amount of capital investment to a total of 350 crore dollars. During last 20 years world bank increased its capital investment for the first time. The president of world bank Robert B Solik said that the decision of world bank in the increment of voting powers can be viewed as best awards given to the developing countries. He said that the decision will give more partnership to developing countries. The developing countries can practically involve in the decision power of  world bank. The decisions in the annual meet increased the share of developing countries of world bank to 47%.