Every shareholder is allocated a certain number of votes linked to the size of its shareholding. The votes include a specified number of membership votes (which is the same for all members) and additional votes based on the number of shares held. The number of votes of a member expressed as a percentage of the total number of votes held by all shareholders is the member’s voting power.
International Bank for Reconstruction and Development (IBRD)
Portugal became a member of IBRD on March 29, 1961.
The IBRD, the first institution of the World Bank Group, established in 1944, is structured like a cooperative; its capital belongs to its 188 member countries. For a full overview of the shares and voting powers of all 188 member countries, click here.
Portugal's share in IBRD’s capital:
|Potential Voting Power||0.32%|
|Paid in Capital (USD)||US$ 546 million|
International Development Association (IDA)
Portugal became a member of IDA on December 29, 1992.
The International Development Association (IDA) is the part of the World Bank that has provided interest-free loans and grants to the poorest countries since 1960. Unlike the IBRD, which raises most of its funds on the financial markets, IDA is funded largely by contributions from the governments of the richer member countries, and to a lesser extent from IBRD's income and repayments of earlier IDA credits. IDA resources are replenished every three years. Each of the replenishments is known by a number. The most recent replenishment, IDA16, which began in 2010, will finance projects over the three-year period ending June 30, 2014.
|IDA 16 Share||0.08%|
|Actual Voting Power||0.25%|
History of the Portugal's contributions to IDA:
| ||Basic (US$M)||% of Total||Suppl (US$M)|
|IDA 1||0.00||0.00|| |
|IDA 2||0.00||0.00|| |
|IDA 3||0.00||0.00|| |
|IDA 4||0.00||0.00|| |
|IDA 5||0.00||0.00|| |
|IDA 6||0.00||0.00|| |
|IDA 7||0.00||0.00|| |