Recent changes in the leadership at the IMF and the World Bank have revived the debate on change at the institutions and on what they need to do to adapt to the challenges of a global economy in the 21st century. Take the proposal (supported by any of the two institutions' 184 country members) to make the selection of the leaders more transparent and change the time-weary tradition, since the institutions' founding in 1944, to have the US choose the head of the World Bank and Europeans select the head of the IMF.
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