africa: African Countries Demand Democracy in IMF, World Bank

African countries have expressed their disappointment at the lack of progress in democratising the World Bank and the International Monetary Fund (IMF). In a statement to the International Monetary and Financial Committee (IMFC) of the IMF Board of Governors, Angolan finance minister Jose Pedro de Morais said it was Africa's strong view that a serious process to reform the governance structures in both institutions needed to be developed to better reflect the global reality of the 21st century rather than the middle of the 20th century.