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Vol 39 No 6

Published 20th March 1998

Who's in charge?

A new confrontation is brewing over control of the African Development Bank. On 23 March in Abidjan, the governors from 12 leading member countries will make their plans for the annual general meeting in May. The Western donors want to increase the ADB’s capital (currently about $24 billion) by 35 per cent. In exchange for putting up the money, they would raise their combined stake in the bank from 33.3 to 45 per cent, and get a change in the rules to prevent them being out-voted on critical issues.

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