The World Bank and the IMF have adopted a weighted system of voting. According to IBRD Articles of Agreement, membership in the Bank is open to all members of the IMF. A country applying for membership in the Fund is required to supply data on its economy, which are compared with data from other member countries whose economies are similar in size. A quota is then assigned, equivalent to the country's subscription to the Fund, and this determines its voting power in the Fund. This quota is also used to determine the number of shares allotted to each new member country in the Bank.
All members of the Bank receive votes consisting of share votes (one vote for each share of the Bank's capital stock held by the member) plus basic votes (calculated so that the sum of all basic votes is equal to 5.55 percent of the sum of basic votes and share votes for all members).
Five Executive Directors are appointed by the members with the five largest numbers of shares (currently the United States, Japan, Germany, France and the United Kingdom). China, the Russian Federation, and Saudi Arabia each elects its own Executive Director. The other Executive Directors are elected by the other members. The voting power distribution differs from agency to agency within the World Bank Group.
Voting Status by Executive Director: