Ensuring that international economic and social institutions become integrated with and accountable to the UN

In spite of the enormeous power which the Bank, the IMF and the WTO wield around the world they are not answerable to anybody except their shareholders. The major sharehoders are the governments of the seven richest industrialised countries. This lack of international accountability has enabled a few people who hold shares in multinational companies to become very much richer, while millions of people in developing countries remain trapped in abject poverty. In tandem, the Bank and the IMF provide financial and technical help to poor countries to promote their economic growth and social development. There are given main aspects in which World Bank and IMF are impacting on poor.