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.
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Last year BRICS' leaders agreed to launch a BRICS development bank. Whether this is considered positive depends in part what questions are being asked. Sameer Dossani of ActionAid International highlights the flaws in the World Bank and IMF, analyses whether a BRICS Bank could be different from these institutions and proposes what it should do and what it should look like.
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).