G20 to allow more developing countries to join

What a great idea and this is positive change.

Group of 20 finance leaders struck a landmark deal on Saturday to boost developing countries' power in the International Monetary Fund even as they failed to set targets for a wide-ranging global economic rebalancing.

The IMF deal was hailed by fund Managing Director Dominique Strauss-Kahn as a "historical" moment that will see Europeans give up two seats on its 24-strong board to powerful developing countries and transfer 6 percent of votes to them.

"This makes for the biggest reform ever in the governance of the institution," Strauss-Kahn, who heads the 187 country body, told reporters.

And as a side note, Strauss-Kahn could likely be the Socialist candidate in France to run against Sarkozy in 2012. Recent polls have shown him to be very popular.