Despite the public pressure it faced, the World Bank tried to use the Prague annual meetings to extend its remit to new issue areas.
The annual meetings of the World Bank and IMF will be the occasion for high-level official decision-making about the future of the institutions as well as protests and alternative discussions among civil society groups.
In April, thousands of protesters gathered in Washington DC to close down the World Bank and IMF Spring Meetings.
Joseph Stiglitz, former World Bank chief economist, took the opportunity of the extensive media interest in the planned protests against the Bank and IMF at their Spring Meetings to launch an attack on IMF policy advice and practices.
Leaflets with sharply contrasting views about the International Finance Corporation (IFC) were distributed at the Spring meetings.
Activists from across the US will converge in Washington to protest at the IMF and World Bank Spring Meetings.
Important changes to the IMF’s remit in the poorest countries were announced at the IMF-WB Annual Meetings in September.
NGO preparations are already underway for the World Bank’s 2000 annual meetings.
UK Secretary of State for International Development Clare Short told the Financial Times in April: “We are in a very silly situation. The international institutions are meant to be complementary, but the IMF keeps charging around taking other peoples’ jobs in areas where it is not necessarily competent”.