One of the key providers of development finance has been the World Bank group.
Developing countries greatly value the contribution that the World Bank group can make to
their growth
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They, and others see reforms of World Bank governance to
help overcome its’ democratic deficit as a means to strengthen both its effectiveness and
legitimacy.
In particular, developing countries feel that current governance at the World Bank
(as well as in other international institutions) does not provide them with enough voice.
A similar view was very clearly taken in the UK government White Paper Making
Globalisation Work for the Poor which commits to “build an effective open and accountable
international system in which poor people and countries have an effective voice.”