ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Jakob VestergaardSubscribe to Jakob Vestergaard

How May the Fund-Bank Adjust for the 'Rise of the South'?

Despite formal global models of governance, the World Bank and International Monetary Fund have functioned like clubs. A 2010 voting realignment at the World Bank changed little in concrete terms and a similar attempt at the IMF could not get off the ground. In the face of functional and normative challenges, especially from under-voiced big developing countries, a more complex formula incorporating criteria for representation other than gross domestic product is needed.
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