Renewed IMF seeks greater global role
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The International Monetary Fund (IMF), the World Bank and the G7 are meeting in Istanbul - and there are no prizes for guessing what items are dominating the agenda: crisis and recovery.
The meeting comes after the G20 Pittsburgh summit, which allotted to the two big multilateral organizations the task of leading the world towards a sustainable recovery.
So are they up to the job?
The IMF has been making some ambitious claims at this meeting for the role it expects to play in the years ahead.
Among the great and the good on hand to give advice is a man who was once the World Bank's chief economist, the Nobel prize-winning professor from Columbia University, Joseph Stiglitz.
Our correspondent Jonathan Head spoke to him and asked him how he felt about a greatly expanded role for the IMF.
First broadcast on World Business News
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