Wed. Jul 24th, 2024

The 2023 annual meetings of the World Bank Group and the International Monetary Fund (IMF) will be kicked off on Monday in Marrakech, Morocco under the theme “Global Action, Global Impact”.

The one week long annual meetings is expected to bring together finance ministers, central bank governors, private sector executives, representatives from civil society organizations and academics from 190 countries.

The annual meetings will discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness, according to World Bank.

Also featured on the 2023 annual meetings of the World Bank Group and the International Monetary Fund are seminars, regional briefings, and many other events focused on the global economy, international development, and the world’s financial system.

The participants will mark an important anniversary: half a century since the meetings were last held in Africa—in Nairobi in 1973.

Morocco will bring the international community together in a spirit of solidarity and commitment to overcome the challenges the world face just weeks after it encountered a terrible earthquake.

In her message the IMF Managing Director Kristalina Georgieva delivered at the 2023 Annual Meetings Curtain Raiser meeting organized in Abidjan, Côte d’Ivoire on Thursday said a prosperous world economy in the 21st century requires a prosperous Africa.

“Advanced economies are rapidly ageing, but they have abundant capital. The key will be to better connect that capital to Africa’s abundant human resources—to inject more dynamism into the current anemic global growth outlook,” she elaborated.

Furthermore, the World Bank, jointly with the IMF and the Parliamentary Network will also hold the next Global Parliamentary Forum on October 9, 2023 during the Annual Meetings in Marrakech, Morocco.

The event, co-hosted by the Moroccan Parliament, will engage parliamentarians in a dialogue with World Bank and IMF senior leadership on development and key issues related to the global economy.

The meeting will help build political will and support for the poorest and most vulnerable countries impacted by the multiple crises facing the world today, creating possibilities for lawmakers to exchange best practices to promote a more resilient future.

Sessions will explore climate change, debt, digitization, and migration, as well as updates on the Evolution process being undertaken to improve the effectiveness and efficiency of the World Bank to achieve meaningful, resilient and sustainable development results.

Source: Ethiopian News Agency

By spadmin