<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>1870-0578</journal-id>
<journal-title><![CDATA[Mexican law review]]></journal-title>
<abbrev-journal-title><![CDATA[Mex. law rev]]></abbrev-journal-title>
<issn>1870-0578</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Instituto de Investigaciones Jurídicas]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1870-05782025000100109</article-id>
<article-id pub-id-type="doi">10.22201/iij.24485306e.2025.2.19016</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Voting power in subregional multilateral development banks in Latin America and the Caribbean-The case of the CAF]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Yang]]></surname>
<given-names><![CDATA[Ximing]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,University of Macau  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>China</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2025</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2025</year>
</pub-date>
<volume>17</volume>
<numero>2</numero>
<fpage>109</fpage>
<lpage>133</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1870-05782025000100109&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1870-05782025000100109&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1870-05782025000100109&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract Multilateral development banks (MDBs) are international institutions that provide financial assistance for the development of their member states. Decision-making of MDBs is undertaken by the representatives of shareholders by voting. This article uses the absolute Banzhaf power index to measure the voting power of the shareholders of subregional MDBs, which have a voting system with a layered structure of different stock classifications. Differences in the voting power of shareholders holding different classifications of stocks are analyzed. The article also aims to explore the influence of the special voting system in the protection of the voting power in developing countries in the subregional MDBs of Latin America and the Caribbean. This protection benefits the democracy and independence of countries in the region.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Los bancos multilaterales de desarrollo (MDB, por sus siglas en inglés) son instituciones internacionales que ofrecen asistencia financiera para el desarrollo de los Estados miembros. La toma de decisiones de estos es llevada a cabo por los representantes de los accionistas por medio de la votación. Este artículo utiliza el Índice de Poder Banzhaf para medir el poder de voto de los accionistas de los MDB regionales que cuentan con un sistema de votación estructurado en capas de diferentes clasificaciones de acciones, y analiza las diferencias en el poder de voto de los diferentes accionistas. También explora la influencia que el sistema de votación de estos bancos tiene en la protección del poder de voto de los países latinoamericanos. Dicha protección es beneficiosa para la democracia y la independencia de los países de la región.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[MDBs]]></kwd>
<kwd lng="en"><![CDATA[MDBs´ voting systems]]></kwd>
<kwd lng="en"><![CDATA[decision-making power]]></kwd>
<kwd lng="en"><![CDATA[democratic principles]]></kwd>
<kwd lng="en"><![CDATA[Latin American development]]></kwd>
<kwd lng="es"><![CDATA[BMD]]></kwd>
<kwd lng="es"><![CDATA[sistema de votación en los BMD]]></kwd>
<kwd lng="es"><![CDATA[poder de decisión]]></kwd>
<kwd lng="es"><![CDATA[principios democráticos]]></kwd>
<kwd lng="es"><![CDATA[desarrollo latinoamericano]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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