Africa: World Bank/IMF Losing Relevancy, South Says

Developing countries have expressed strong dissatisfaction with their current "under-representation" at the World Bank and the IMF, warning that they are losing their significance. "We have a situation that a small number of countries are controlling these institutions," said Ariel Buira, director of the Intergovernmental Group of Twenty Four (G24) on International Monetary Affairs and Development Secretariat in Washington.