G20 underlines need to enhance developing nations' representation in decision making of Multilateral Development Banks

G20 leaders have called for stronger representation for developing countries in major financial institutions, backing a new 25th seat for Sub-Saharan Africa on the IMF Executive Board. At the Johannesburg summit, they reaffirmed the role of Multilateral Development Banks in supporting growth and endorsed continued reforms under the G20 MDB Roadmap and Capital Adequacy Framework to expand lending capacity.