Violence mars IMF meeting

06/10/2009 | Phil Thornton

Protesters clash with police in Istanbul

Riot police fired tear gas canisters and water cannon at rock-throwing protesters today, as a march organised to protest against the IMF’s annual meetings in Turkey turned into a violent confrontation.

Several hundred demonstrators clashed with police in the streets surrounding Taksim Square, just 200 metres from the Istanbul Congress Centre where the IMF meetings are being held.

As rioters clashed with police wearing body armour in the centre of the Turkish capital, shoppers ran for cover and businesses shuttered up their businesses to escape the rocks and tear gas.

Phalanxes of policemen wearing gas masks and helmets and carrying riot shields and batons charged at groups of protestors. Officers fired tear gas at the retreating groups while armoured vehicles sprayed the demonstrators with water cannon.

The demonstrators, many were wearing red scarves to obscure their identity and protect against the gas, responded with a battery of stones and missiles. People pulled up the small paving stones that are common on Istanbul’s streets to use as fresh ammunition.

Rocks smashed shop windows and dented parked cars while several volleys of stones bounced off the police officers’ shields. Protestors destroyed two cash machines just off Taksim Square and set fire to the contents of a large paper recycling container. Branches of foreign-owned banks such as HSBC were sprayed with red graffiti paint.

Protesters carried placards emblazoned with the words “IMF out” and chanting “IMF get out of our city”. Many were carrying red flags of Socialist Platform for the Oppressed, a Turkish campaign group.

Several pedestrians caught up in the skirmishes could be seen rubbing their eyes after being affected by the clouds of tear gas hanging in the air. Police helicopters hovered above the crowds.

Cafe owners offered people lemon juice, which is effective in reducing the symptoms for those affected by tear gas. Two people were arrested by police and taken away in handcuffs.

Turkish police had erected security barriers along the streets surrounding the Congress Centre several days before the meetings began, making it clear that the security forces had anticipated the possibility of violent protests.

A coalition of protest groups has called for two days of protests against the IMF under the title “We’re shutting the IMF & World Bank meeting down!”

Turkey has been badly affected by the global financial crisis and economic recession. Its economy is expected to contract by 6.5% this year while the unemployment rate hit 15.5%, an all-time record and one of the highest rates for any G20 country.

Turkey and the IMF are negotiating a potential new loan agreement after the last one expired more than a year ago. IMF chief Dominique Strauss-Kahn said at the weekend that talks would resume when the meetings end on Wednesday.

There is significant opposition among Turkish students to the IMF, which helped bail Turkey out of a deep financial crisis in 2001. Last week a student hurled a shoe at Strauss-Kahn as during a question and answer session at Bilgi University in Istanbul.

Taksim Square was the centre of a major protest in 1977 by Socialist, Communist and Maoist groups organised by the Confederation of Revolutionary Trade Unions in Turkey. An estimated 500,000 people clashed with security forces on 1 May, which is Labour Day.

Related stories

  • Robust growth remains elusive for Peru

    Ambition and reforms, Peru has aplenty. But despite getting many things right, it is not being rewarded with strong growth. In the year before the next presidential election frenzy, can Peru get moving again?

  • World Bank pledges to work with countries in 'complicated' ...

    Now that the a decade-long economic boom has come to an end, Latin American countries are looking to engage with the World Bank to deal with development challenges amid more complex external conditions

  • LatAm leaders seeking to repeat Korea's miracle return empty ...

    LatAm delegates who struggled with the 40-hour journey to get the IADB meetings in Busan are likely to return with harsh lessons on trade tariffs rather than a recipe to replicate South Korea’s economic miracle.

  • Mexican central bank warns on weaker peso but welcomes ...

    Mexico’s deputy central bank governor tells Emerging Markets that overall his country will benefit rather than suffer from rising US interest rates but warns that a depreciation of the peso is a ‘risk’ to the otherwise positive outlook.

  • CUBA: after 50 years, the great thaw begins

    Cuba may be 90 miles off the US coast but for many it is a complete unknown. That hasn't stopped investors lining up to figure out how best to tap into a market isolated for more than 50 years


Editor's Picks


In Focus

  1. No pain, no gain: Argentina gears up for necessary adjustment

  2. Deepening Petrobras scandal dogs Brazilian hopes of recovery