The continuation of the WB-IMF Annual Meetings in Marrakech demonstrates the confidence that Morocco has in these two institutions.

by times news cr

2024-07-03 16:20:27

The World Bank and the International Monetary Fund confirmed on Monday that the 2023 edition of the Annual Meetings of the two international institutions, scheduled for October 9-15, 2023 in Marrakech, will be held.

“This decision demonstrates the confidence that Morocco enjoys in these two institutions, particularly in the wake of the effective, efficient and urgent management of the effects and consequences of the Al Haouz earthquake tragedy in accordance with the High Instructions of HM King Mohammed VI, may God assist him,” stressed Ms. Fettah in a statement to the press.

These High Royal Instructions, she noted, are today being implemented and executed urgently and in a coordinated manner between all stakeholders on the ground.

“This decision is also the result of joint work between the Moroccan government and the two Bretton Woods institutions which allowed them to ensure this effective and efficient management of the crisis, that the citizens who are victims of this crisis are taken care of as a priority, but also that the infrastructure and equipment which will allow us to organize this event also ensure the full safety of the participants,” said the minister.

The decision of the two institutions “testifies first of all to the quality of the strong partnership relationship with Morocco in general, but also to a strong desire to support our country in a difficult situation”, she maintained, adding that the priority is the safety of citizens and victims, as well as the very rapid return to normal economic and social activity.

This decision announced by the two Bretton Woods institutions follows the due diligence carried out jointly with the Moroccan government, allowing them to become aware, over the last ten days, of the various measures taken by the Kingdom to manage the consequences of the earthquake on the human and material levels and to note the capacity of the city of Marrakech to host this event in the best conditions, notes the Ministry of Economy and Finance in a press release.

“Thus, from October 9 to 15, 2023, Marrakech will be the host city of this major annual meeting of international finance and will welcome the Ministers of Finance and Governors of central banks from 189 member countries,” underlines the ministry, noting that public sector leaders, parliamentarians, decision-makers and experts from the private sector, representatives of NGOs, economists, academics and international media will meet in the ocher city, to discuss global economic issues, development challenges and financing policies in a context of slowdown exacerbated by rising geopolitical tensions.

Morocco’s hosting of these Annual Assemblies is a recognition by both institutions of the leadership of HM King Mohammed VI and the major progress made by the Kingdom during these 24 years, underlines the same source, adding that “it is with the same determination, its legendary hospitality and its expertise in the organization of major international events that Morocco is preparing in a few days to host this global event which marks its return to our continent, 50 years after it was held in Kenya in 1973.”

2024-07-03 16:20:27

You may also like

Leave a Comment