Speaking on the sidelines of the meetings, which also coincide with a summit of the Group of Seven leading economies, Mr Darling said: "The principle of no taxation without representation is as true today as it ever was. We are one of the largest donors to the IMF at the moment and I feel very strongly that we therefore need to be represented." World leaders have been engaged in behind-the-scenes discussions over the weekend to modernise the IMF – an institution forged in the wake of the Second World War – and the broader set of institutions which manage the global economy.
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