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Reform of World Bank, IMF urged
International organizations such as the International Monetary Fund and the World Bank need to be reformed, and the voices of emerging market countries and the private sector need to be heard when addressing global challenges, said panelists at a recent forum. "There are certain fora where there's just no substitute for strengthening the voice of emerging societies," Nancy Lee, a senior policy fellow and director for sustainable development finance at the Center for Global Development, said on Monday. She spoke during a panel discussion, "How to Strengthen Cooperation in a Fragmenting World", co-hosted by the ... (full story)