At a meeting of the UN Economic and Social Council (ECOSOC) in New York yesterday, Secretary-General Ban Ki-moon called on international financial institutions like the International Monetary Fund (IMF) and the World Bank to accommodate the needs of developing countries. Ban explained that the importance of developing countries is “poorly reflected in forums where crucial decisions about their economic and social future are taken, including some of the institutions created 60 years ago under vastly different circumstances.â€
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