Several NGOs from countries including the US, Thailand, the Czech Republic and South Africa released a “Prague Declaration” challenging the right of the IMF and World Bank and those who control them to dictate economic policy, and opposing the undemocratic and elitist character of the institutions and the meetings they hold. The Declaration points to the Bank’s own evidence of increasing poverty and calls for a wholly new people-centred economic structure, one which mandates not a single model but many choices for the many peoples of the world.
As India has risen in the World Bank's Ease of Doing Business rankings, it has seen other key development indicators slip.
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