Developing country representatives lament poor banking oversight

A view of Washington DC

On Thursday, the Intergovernmental Group Of Twenty-Four (G-24) on International Monetary Affairs and Development met in Washington, DC.

In a communiqué released after the meeting, the world leaders said "ongoing efforts to strengthen the effectiveness of International Monetary Fund surveillance [of financial institutions] are often undermined by inappropriate and weak implementation framework and practices".

Strengthening the capacity and governance of the international financial institutions

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