CIAO DATE: 05/2011
April 2011
Danish Institute for International Studies
The voice reform process originated in the Monterrey Consensus, which was articulated at the United Nations International Conference on Financing for Development held in Monterrey on 22 March 2002. For several years after the Monterrey Consensus, progress in deliberations on voice reform in the governing bodies of the World Bank was modest. But the global economic crisis raised the urgency of reforming the Bretton Woods institutions in the eyes of most countries and the creation of a G20 Leaders Forum gave further impetus to the voice reform process.
Resource link: The World Bank and the Emerging World Order Adjusting to multipolarity at the second decimal point [PDF] - 629K