A Generous Host—Twice


By Caroline Atkinson

Many of the world’s policymakers are now on their way to Turkey to attend the Annual Meetings of the IMF and the World Bank, where they are expected to make further progress toward addressing the global financial crisis. 

And, equally importantly, the Meetings are a chance for Turkey to showcase its role as an important player in the global economy. 

At a packed press conference on September 30, Turkey’s Deputy Prime Minister and Economy Minister Ali Babacan said that Turkey’s hosting of “such strategically important meetings is a very important event…It is a new occasion to enhance the visibility of not only Turkey but also Istanbul.”   

Turkey's Deputy Prime Minister and Economy Minister Ali Babacan: "A new occasion to enhance the visibility of not only Turkey but also Istanbul” (photo: Stephen Jaffe/IMF)

Turkey's Deputy Prime Minister and Economy Minister Ali Babacan: "A new occasion to enhance the visibility of not only Turkey but also Istanbul” (photo: Stephen Jaffe/IMF)

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Amid Signs of Crisis Abating, IMF Invites Debate on Next Steps


By Caroline Atkinson

Welcome to iMFdirect, the International Monetary Fund’s new blog.

The global economy has pulled back from the brink.  Financial systems are beginning to function more normally. The panic that threatened to spread among depositors and savers earlier this year has receded. But enormous economic challenges remain, challenges that are often global in scope and may require a global response.

It is against that background that economists and policymakers at the International Monetary Fund are now preparing for the IMF-World Bank Annual Meetings in early October.  And as we do that, we wanted to open up our work to a broader audience. In coming weeks, senior staff and IMF management would like to discuss with you, through this blog, some of the key issues.

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