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Bush: IMF, World Bank must change
AFP - Friday, November 14
NEW YORK (AFP) - - US President George W. Bush pushed Thursday for giving developing countries greater clout at the International Monetary Fund and the World Bank in the wake of the global economic meltdown.
"To better reflect the realities of today's global economy, both the IMF and World Bank should modernize their governance structures," he said in a prepared speech ahead of Friday and Saturday international crisis talks in Washington.
"They should consider extending greater voting power to dynamic developing nations -- particularly as they increase their contributions to these institutions. They should also consider ways to streamline their executive boards, and make them more representative," he said.
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US President George W. Bush pushed for giving developing countries greater clout at the International Monetary Fund and the World Bank in the wake of the global economic meltdown.
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