At the Kleinmond meeting, the G20 will also be discussing the possibility of implementing a number of reforms within the World Bank and the IMF. However, the reforms that have been suggested by the G20 countries are only superficial. The largest countries of the South involved in the G20, such as South Africa, Brazil, China, and India, want to reform the World Bank and the IMF in order to receive greater voting rights for themselves within these institutions. They have, however, not called for equal voting rights for all countries in IMF and the World Bank, which is significant.(link)
The same article also points to the growing disparities within the world.
While most of the G20 countries are now richer than ever under neo-liberal globalisation; as many as 80 other countries are now poorer than they were in the 1970s. Although trade has increased under the global neo-liberal ‘free’ trade regime, it has only been an elite who have benefited. The portion of exports from the poorest countries has declined markedly. In fact, the poorest 48 countries now only account for 0.4% of global exports. This is because the industries in these countries have been destroyed by imports flooding in under the banner of ‘free’ trade. All of this translates into a world of growing inequality: a world where the richest 400 people, the new global capitalist aristocracy, now have more money than the poorest 3 billion people combined.