2024-06-22 16:31:14
“These conferences show the resilience and tenacity of Morocco within the face of tragedy”, following the current earthquake which shook sure areas of the Kingdom, underlined the American official in a press release revealed on the event of her participation in these Assemblies which happen till October 15.
This main occasion, which is being held for the primary time in North Africa, has simply marked its return to Africa, 50 years after the conferences which happened in Nairobi in 1973, recalled Ms. Yellen.
Explaining the context through which this conclave of the elite of worldwide finance is being held, the American Secretary of the Treasury famous that international development has confirmed to be extra resilient than anticipated and inflation is slowing in most international locations, nonetheless falling inside the indicators of slowdown in sure international locations, which requires, in response to her, to stay “attentive to the uneven nature of the worldwide restoration and to the draw back dangers”.
“Many international locations have seen their fiscal balances deteriorate, and for a lot of rising markets and growing international locations, rising debt servicing prices are exacerbating pre-existing debt vulnerabilities,” she stated. , including that low-income international locations have been significantly affected by current international shocks.
“We’ve seen a rise in international poverty for the primary time in twenty years throughout the pandemic,” he lamented, noting that frequent challenges comparable to local weather change, fragility and battle have had an affect disproportionately on probably the most susceptible.
The work of the annual conferences of the WB and the IMF sees the participation of the worldwide financial and monetary elite to debate the main points linked specifically to financing insurance policies, financial development and local weather change.
This main occasion gives financial and monetary decision-makers the chance to take a detailed take a look at the advances made and the progress made by Morocco underneath the management of HM King Mohammed VI in varied areas.
2024-06-22 16:31:14