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International Monetary Fund


The speeches made by officials attending the IMF–World Bank Annual Meetings are published in this volume, along with the press communiqués issued by the International Monetary and Financial Committee and the Development Committee at the conclusion of the meetings.

Vaclav Havel

. Allow me, in conclusion, to turn back to the Cathedral of which I spoke at the beginning. I think that the first people to whom it brings calculable financial gain are Prague hotel owners in the era of restoration of the market economy in the Czech Republic. Nowadays, this holds particularly true. Why, therefore, did someone in long bygone times engage in the construction of such a costly edifice that appears to be of so little use by today’s standards? One possible explanation is that there were periods in history when immediate material gain was not the highest