Watch part two

This week in Counting the Cost we look at the International Monetary Fund as the organisation meets in Istanbul.

Turkey is one of the countries that is having to weigh up whether it can actually survive without the IMF.

It has avoided going cap in hand to the IMF this time but over the last 50 years has been the recipient of billions of dollars in loans.

As violent protests took place on the streets the government of the recession-hit country, that is witnessing rising unemployment, is deciding whether to borrow from the IMF again to ease the discomfort. Anita McNaught reports from Istanbul.

Chequered history

Turkey's finance minister says he would rather use an IMF loan as a safety net, rather than a quick fix.

However it is the latter scenario which is the real reason for the IMF.

Founded in 1944, its brief was to provide financial assitance to countries in economic dire straits.

But over the last few decades the organisation's become a target of the anti-globalisation movement who accuse it of turning a blind eye to countries ruled by dictators and not supporting democraies.

Rosiland Jordan looks back at 65 years of the IMF.

Time for change?

Two years ago the IMF was fighting for relevance in the world and its advice was despised in poor countries.

Even rich nations were taking little notice of it. But through the global economic crisis it has revived and charged itself shaping the post- crisis world.

Its managing director, Dominique Strauss-Khan seems to be saying all the right things, that developing countries, such as China and India, should have a greater say in how his fund does business.

Has the IMF truly changed or is it still a rich man's club? Nicole Johnston tracks the momentum for change.

Source: Al Jazeera