IMF and World Bank Annual Meetings in Morocco Under Review | NC Continental Prime | 17-09-23

Host: Kofi Bartels
Guest: Dr Mohamed Housaini, Professor of International Law, Rabat, Morocco.

The International Monetary Fund (IMF) and World Bank are currently assessing whether to proceed with their annual meetings scheduled for October 9-15 in Morocco. The decision follows a thorough review of Morocco's ability to host the meetings, especially in the wake of recent earthquakes in the region. IMF Managing Director Kristalina Georgieva confirmed the ongoing evaluation.

Additionally, the IMF has reached a staff-level agreement with Morocco to provide a $1.3 billion loan aimed at strengthening the country's resilience to climate-related disasters through the Fund's new Resilience and Sustainability Trust.

Despite concerns stemming from the recent earthquakes, Moroccan officials have encouraged the IMF and World Bank to proceed with the meetings, which are expected to attract 10,000-15,000 participants to the city of Marrakech, located 72 km from the earthquake's epicenter.

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IMF and World Bank Annual Meetings in Morocco Under Review | NC Continental Prime | 17-09-23

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