Not enough people know this: in practice, the IMF is controlled by the US. The US is the only country that has de facto veto power at the IMF because the biggest decisions require an 85% supermajority of total voting power. The US' vote share is 16.5% This was by design, and the supermajority threshold was actually moved in 1978 so that the US vote share would continue to give the country veto power. We should not see the IMF as an organisation that serves global development. We should see is as an organisation that serves mainly Western interests — and, above all, US interests.