“The Inter-American Development Bank works like General Motors or any other corporation. It reflects its shareholder structure,” explains a career manager at the bank who has been with the institution long enough to witness every kind of manoeuvre. “The bank’s biggest shareholder is the US [30.531% of voting power] followed by the major Latin countries Brazil and Argentina [10.85% each], Mexico [6.975%] and Venezuela [5.814%]. These countries call the shots and things happen when they either agree or disagree.
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