G20 Seoul Summit Document: Framework for Strong, Sustainable and Balanced Growth, 11-12 November 2010

Sectors : Economic governance and public finance management, Institutional development
Organisation : G20
Date made: 
Heads Of State
G20-Seoul-Summit-Document-Framework-Nov-2010.pdf216.26 KB
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Commitments in: Governance - Institutional development

 “15. We committed to modernize the institutions fundamentally so that they better reflect changes in the world economy and can more effectively play their roles in promoting global financial stability, fostering development and improving the lives of the poorest. In June 2010, we welcomed the reforms to increase the voting power of developing and transition countries at the World Bank. We also remained committed to strengthening the legitimacy, credibility and effectiveness of the IMF through quota and governance reforms”