Oxfam Berates World Bank, IMF
Wednesday 7 October, 2009 - 10:44
Oxfam International has criticised the World Bank and the International Monetary Fund (IMF) for celebrating three percent increase in the voting power for poor countries.
Oxfam's advocacy director, Bernice Romero, says the institutions are still far from being accountable to the people hit hardest by the global financial crisis.
Romero says that the G20 have mandated the IMF and the World Bank to tackle the economic crisis globally and for this response to be effective, adding that their decisions need to involve more than a handful of rich countries.