Turkish students protested against the International Monetary Fund and the government’s austerity programme in May. The protest was broken up by riot police and 19 students were detained. The protest coincided with a visit to Turkey by an IMF delegation, led by the fund’s Turkey desk chief, Carlo Cotarelli, which arrived to review progress under a $4bn stand-by deal, approved by the fund in December.
The IMF and the World Bank are increasingly engaged with the challenge of addressing how tax avoidance and evasion affect developing countries, but need to address the role played by multinational enterprises and tax havens in exacerbating inequality and undermining countries’ domestic revenues.
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