Africa: IMF losing grip on developing countries?

A plan by the International Monetary Fund (IMF) to shift the relative voting power of some of its 184 member-nations will almost certainly be of no benefit to East African countries, which will remain heavily dependent on loans from the global financial institution. But some analysts say the IMF itself is becoming increasingly irrelevant to parts of the developing world. And, they add, the fund's waning power may presage a day when it no longer exercises decisive control over the economies and budgets of poor countries such as Kenya, Tanzania and Uganda.