Why hasThe IMF and World Bank have been criticized as undemocratic?

The IMF and World Bank have been criticized for their decision-making processes, which are often seen as favoring wealthy nations over developing countries. Their governance structures, where voting power is based on financial contributions, can marginalize the voices of poorer nations. Additionally, the imposition of stringent conditions on loans, such as austerity measures and structural adjustments, can undermine the sovereignty of recipient countries and limit their democratic choices. Critics argue that these practices prioritize economic stability over social and democratic outcomes.