IMF/World Bank meetings to hold in Morocco despite devastating earthquake

The managements of the World Bank and International Monetary Fund (IMF), together with Moroccan authorities have agreed to hold their 2023 Annual Meetings in Marrakech in spite of the recent devastating earthquake in the country.This is contained in …

The managements of the World Bank and International Monetary Fund (IMF), together with Moroccan authorities have agreed to hold their 2023 Annual Meetings in Marrakech in spite of the recent devastating earthquake in the country.

This is contained in a joint statement signed by World Bank President, Ajay Banga; IMF Managing Director, Kristalina Georgieva; and Kingdom of Morocco Minister of Economy and Finance, Nadia Alaoui.

They, however, said that the meetings, scheduled between Oct. 9 and Oct. 15, would hold by “adapting the content to the circumstances”.

“Since the devastating earthquake in Morocco on Sept. 8, the World Bank and the IMF staff have worked in close coordination with the Moroccan authorities and a team of experts to thoroughly assess Marrakech’s capacity to host the 2023 Annual Meetings.

“In undertaking this assessment, key considerations were that the meetings would not disrupt vital relief and reconstruction efforts, and that the safety of the participants can be assured.

“Based on a careful review of the findings, the Managements of the World Bank and IMF, together with the Moroccan authorities, have agreed to proceed with holding the 2023 Annual Meetings in Marrakech from Oct. 9 to Oct. 15,” they said.

According to them, the meetings would be conducted in a way that does not hamper the relief efforts, and respects the victims and Moroccan people.

“At this very difficult time, we believe that the annual meetings also provide an opportunity for the international community to stand by Morocco and its people, who have once again shown resilience in the face of tragedy.

“We also remain committed to ensuring the safety of all participants,” they said.

NAN reports that the World Bank plays a key role in the global efforts to end extreme poverty and boost shared prosperity.

Working in more than 100 countries, the bank provides financing, advice, and other solutions that enable countries to address the most urgent challenges of development.

The IMF is a global organisation that works to achieve sustainable growth and prosperity for all of its 190 member countries.

It does so by supporting economic policies that promote financial stability and monetary cooperation, which are essential to increasing productivity, job creation, and economic well-being. (NAN)(www.nannews.ng)

Source: News Agency of Nigeria