US domination is considered a weakness as the headquarters of both the IMF and World Bank are in the US capital, Washington D.C and the US holds approx. 16.5% of the total votes in the IMF in 2022 and a similar percentage in the World Bank. This gives an indication of the dominant and leading role that the United States has held in both of the organisations and this has led to criticism of the two organisations which weakens their credibility. The philosophy of the IMF and W Bank organisations may be a weakness with the Washington Consensus impacting states in a way they may not wish it to impact upon them. The Washington Consensus means that both organisations have been criticised for imposing structural adjustment plans on states which may undermine state sovereignty which leaves the organisations open to criticism which weakens the IMF and W Bank. The conditions imposed on states include privatisation, deregulation and opening up of internal markets. It has been argued that conditions such as an acceptance of foreign investment and general trade liberalisation benefits powerful global elites including multinational companies which further undermines and weakens both organisations. The IMF and W Bank have lent money to and have supported states who have faced human rights criticism and questions about legitimacy of government. It may be considered a weakness of both organisations that they fail to punish and actually engage with undemocratic states or states that have been accused of human rights abuses and that this undermines their credibility and legitimacy and that they focus on economic growth at the expense of concerns over environmental damage. Despite the existence of the IMF and World Bank there have been numerous economic crisis. The IMF and W Bank have been accused of being slow to act, underfunded and weak in the face of crisis such as the Oil Shock of 1973 the Asian Crisis of 1997 and the 2007/2008 global financial crisis.