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Global18 Apr

South Africa's President calls for IMF, World Bank reform

South Africa's President has called for the IMF and World Bank to be reformed, arguing they should not 'continue to represent Western interests only'.

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Saturday, 18 April 2026 at 13:07 UTC
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South Africa's President has called for the International Monetary Fund and World Bank to be reformed, stating they should not "continue to represent Western interests only." He declared that "a global progressive revival is underway," aligning his remarks with a broader push by Global South and progressive leaders to reshape international institutions. The statement adds to growing criticism of the post-World War II financial and security architecture from non-Western powers. The call for reform reflects ongoing debates about the legitimacy and representation within major global economic bodies.
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