From the article:
This weekend, the World Bank and International Monetary Fund (IMF) had their spring meetings in Washington, D.C. As the black limousines stuffed with the world’s treasury officials queued in front of the Bank’s mirror-glassed facade with its spreadsheet-inspired frames, a small band of protestors chanted peacefully outside. Although a long way from the mass arrests of giant-puppet-wielding demonstrators from years past, the protests are a reminder of the swath of opinion that views the two global financial institutions as antidemocratic forces of capitalist evil.
The World Bank and IMF are far from models of transparency and egalitarianism, but they are pretty much the most democratic global institutions we have. And that reality underscores why we need considerable innovation in the governance of global institutions far beyond those based in Washington.
Read the article here
