shot-button
Maharashtra Elections 2024 Maharashtra Elections 2024
Home > News > World News > Article > Annual IMF and World Bank meet in Morocco

Annual IMF and World Bank meet in Morocco

Updated on: 10 October,2023 08:11 AM IST  |  Marrakech
Agencies |

The IMF and the World Bank use billions in loans and assistance to buoy struggling economies but both have also been criticised in the past

Annual IMF and World Bank meet in Morocco

Security at a convention centre where the meet will be held. Pic/AP

The world’s most powerful financial institutions are gathering for a week of discussions on economic challenges during times of war, inequality and climate change. The International Monetary Fund and World Bank decided in 2018 to host their annual meeting in Marrakech, Morocco, bringing the affair to the African continent for the first time in 50 years.


Their original timeline was delayed by the pandemic, but the meeting beginning Monday arrives at an apropos time. After a devastating earthquake last month killed nearly 3,000 and wreaked $11.7 billion in damages, both officials and civil society groups are eagerly anticipating discussions about how to promote economic resiliency in light of natural disaster.


The IMF and the World Bank use billions in loans and assistance to buoy struggling economies but both have also been criticised in the past.


This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!

Register for FREE
to continue reading !

This is not a paywall.
However, your registration helps us understand your preferences better and enables us to provide insightful and credible journalism for all our readers.

Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK