ISTANBUL: The core decision-makers of the global liberal economic system are starting major deliberations to create a blueprint to rid capitalism of its shackles and draw up a new roadmap in İstanbul today at the Annual Meetings of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group.
The İstanbul gathering has been widely tagged by many pundits as the most important gathering in recent times as it offers the main platform for discussion for capitalism's top-notch actors
The event has brought together nearly 13,000 people, including central bankers, ministers of finance and development and private sector executives and academics. Among the basic topics to be dealt with in this year's occasion are the possible measures for a smooth escape from the hurdles of the crisis, a new world economic outlook, the eradication of poverty, economic development and the effectiveness of aid. IMF and World Bank officials will seek the views of its stakeholders on ways to strengthen the global financial system. Officials from both international organizations will also discuss the effectiveness of the loan programs by the IMF and the financial support of the World Bank.
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