They have been pushed to become more transparent, sharpen their respective focus, and reinforce their policy advice and financial support. Discussions are also still ongoing about the appropriate representation of developing and emerging markets in the two institutions.
In addition to the changes to the IMF and the World Bank, two other issues were addressed with significant consequences for the institutional set-up, namely the representation of emerging market economies and cooperation on financial sector issues: First, with the growing importance of emerging markets, ways had to be found to integrate them better into the international policy dialogue.