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Marrakech Hosts Prestigious IMF and World Bank Assemblies : A Landmark Event for Africa

Event Marrakech, It has been fifty years since the World Bank (WB) and the International Monetary Fund ( IMF ) held their annual meetings on the African continent. This time, it is in Marrakech that their big rally will take place, from Monday October 9 to October 15 , focused on climate reform and financing.

Marrakech event, Marrakech at the heart of the event: Return of the IMF and WB Assemblies in Africa

Tradition dictates that these two institutions relocate their meetings every three years outside Washington to be closer to their areas of intervention. Initially scheduled for 2021, the Moroccan edition was postponed twice due to the Covid-19 pandemic and a devastating earthquake in the region. Despite these challenges, the Moroccan government confirmed the holding of the event, emphasizing the importance of this meeting in Africa, faced with multiple challenges such as the debt crisis, global warming and poverty reduction.

The speech by Kristalina Georgieva, Managing Director of the IMF, in Abidjan, highlights the need for a prosperous Africa for a prosperous 21st century. The first symbolic measures should include the creation of a third seat for African countries on the boards of directors of the two institutions.

However, the central question concerns financing, both for the traditional missions of eradicating poverty and helping countries in difficulty and for climate financing. The debates will revolve around the money available, with proposals such as the confirmation of an additional 50 billion dollars over ten years for the WB. Climate finance remains a sensitive subject, with mixed expectations regarding concrete progress.

The week’s program in Marrakech includes discussions on reforms in Morocco, resilience and inclusiveness of growth, as well as the importance of Africa as a source of inspiration. The eagerly awaited Marrakech declaration is expected to evolve over the course of the week, addressing crucial themes such as Morocco’s role as a privileged land for private investment.

Marrakech Event : The IMF and WB Assemblies, A Historic Meeting in Preparation

Marrakech in Boiling: A Major Event on the International Scene

Event Marrakech, the ocher city renowned worldwide for finance, is preparing to be the scene of a global event from October 9 to 15: the Annual Meetings of the International Monetary Fund ( IMF ) and the World Bank ( BM). The establishment of a large-scale system attests to the scale of this Marrakech Event .

Countdown before the IMF and WB Assemblies in Marrakech: A Major Event in Perspective

With nearly 14,000 participants, 189 official delegations, and the representation of 187 countries around the world, Morocco, in particular Marrakech, will be at the heart of international news during this crucial week in 2023. Organized once every three years outside Washington, this Marrakech Event attracts high-level participants, from ministers in charge of the economy and/or finance to central bank governors, presidents and CEOs of international institutions, without forgetting sector leaders private sector, experts, academics, representatives of NGOs and national and international media.

Marrakech prepares for the IMF and WB Assemblies: A Major Event

Countdown before the IMF and WB Assemblies in Marrakech: A Major Event in Perspective

Morocco’s resilience is highlighted, with preparations having been carried out despite a difficult situation, marked by an earthquake in the province of Haouz on September 8. Nadia Fettah, Minister of Economy and Finance, underlines this resilience during the presentation of the system, expressing the country’s confidence in continuing its development while remaining a popular destination for international events.

The choice of Morocco to host these Annual Meetings results from a long evaluation process, formalized in October 2018 by the signing of a memorandum of understanding between the Moroccan government and the two institutions. Despite postponements due to the Covid-19 pandemic, Marrakech, already host of COP22 in 2018, is preparing to host the event on the Bab Ighli site, structured into four districts promoting fluid circulation and meetings between participants. .

The mobilization for this Marrakech Event is orchestrated by a National Steering Committee chaired by the head of government, including various ministries and specialized committees. Important measures, such as simplified visa formalities, a personalized reception system, adequate security, and a social and tourist program, are taken to ensure an optimal welcome for participants.

The Effervescence in Marrakech: A Capital Event as the City Hosts the IMF and WB Assemblies

Despite the challenges, Morocco rose to the challenge, confirming the maintenance of the Annual Meetings of the IMF and the WB from October 9 to 15 in Marrakech. This decision, supported by the World Bank and the IMF, expresses the solidarity of the international community towards Morocco, demonstrating resilience in the face of the tragedy of the Al Haouz earthquake.

This historic Marrakech Event, bringing together the Boards of Governors of the IMF and the WB, provides a crucial platform to discuss the work of the institutions, taking place each year in October in Washington and every three years in another member country. The plenary sessions address various themes, allowing the Boards of Governors to make decisions on current international monetary issues.