WB urges more say for developing nations

The World Bank chief has urged shareholders to keep their promise to give developing countries a bigger say. Robert Zoellick made the call ahead of the bank and the International Monetary Fund's annual spring meeting this weekend.

A phase of reforms in 2008 gave developing countries a 44 percent share in the World Bank. The bank's shareholders agreed last year to increase this proportion to at least 47 percent.

Zollick stressed developing nations are key sources of demand for the global economic recovery and can become multiple poles of growth. He urged shareholders to bridge their differences and make the historic step.

The World Bank chief has urged shareholders to keep their promise to give developing countries a bigger say.