Turkish Prime Minister Recep Tayyip Erdogan is for the extension of the International Monetary Fund (IMF) and the World Bank (WB) influence.

“It is critical to distinguish the vulnerabilities in financial sector. IMF and WB have significant responsibility in this regard, including the financial sector assessment program,” Erdogan stated at the opening of IMF and WB fall session in Istanbul.

“The world economy will never be the same after the crisis. All countries will have an impetus to cooperate and defer each other’s opinion. As an international community, we have to exert selflessness while international financial structures are reformed. Otherwise we will not learn the lesson from this crisis,” Turkish PM stated.

Erdogan also informed that “dreams to make Istanbul a financial centre”. The relevant project is already developed and in the course of concurrence.

It is noteworthy, that the World Bank might confront with financial stress in loan granting to states to counter global economic crisis, World Bank President Robert Zoellick said at the annual sitting in Istanbul, BBC Russian service informs.

According to him, as the number of countries requesting assistance grows, WB overruns extra $100bn expenditure from the reserve stock, that was foreseen for the next three years.

A scandal at the Istanbul forum broke out, when a Turkish student threw a shoe at the IMF Managing Director Dominique Strauss-Kahn, shouting “IMF head, get out of our University!” The police took the troublemaker away. Strauss-Kahn arrived in Istanbul for the IMF and WB annual session.