Developing countries have failed in their bid to win more voting power for Africa at the IMF and World Bank. African leaders visiting Washington for the two organisation's meetings argued they have too little say in the running of the institutions. Europe has 10 seats on the IMF and World Bank boards - but Africa, which receives almost half of all loans from the two bodies, has only two. "If the fund and bank are going to be effective, they need to hear an African point of view," said Malawi finance minister Goodall Gondwe.