MARRAKECH, Oct 10 — The World Bank Group and International Monetary Fund (IMF) annual meetings opened on Monday (October 9) in the southern Moroccan city of Marrakech, reported Xinhua, quoting a report of Morocco's national agency MAP.
The meetings will run from Monday through Sunday (October 15) and are expected to gather over 12,000 participants, including 190 delegations led by finance ministers, central bankers, and private sector executives worldwide.
It was the first such annual meeting hosted by an African country in 50 years, during which IMF would release the annual world economic outlook, and discussion sessions would be held on significant global challenges that include energy crisis, climate change, regional conflicts, post-pandemic recovery, and their potential solutions, particularly for developing countries.
In a curtain-raiser speech on Thursday (October 5), IMF's managing director Kristalina Georgieva said the global economy is "resilient, but challenged by weak growth and deepening divergence."
She mentioned three policy priorities — reinforcing economic and financial stability, laying the foundations for inclusive, sustainable growth through transformational reforms and building strong state institutions, and boosting collective resilience through international cooperation.
The meetings were held after the two organisations accessed the city's capacity with local authorities, in the wake of the deadly earthquake that hit Morocco on September 8.
— Bernama
