He International Monetary Fund (IMF) and the World Bank (WB) announced this Monday that their annual meeting scheduled for October will be held in the Moroccan city of Marrakech, despite being one of the towns impacted by the September 8 earthquake that left 3,000 dead.
The president of the WB, Ajay Banga, and the managing director of the IMF, Kristalina Georgieva, announced their decision this Monday in a statement, which was also signed by the Minister of Economy and Finance of Morocco, Nadia Fettah Allawi.
The three authorities stressed the importance that the Annual Assembly of the IMF and the WB, scheduled for between October 9 and 15, does not interfere with the reconstruction tasks and expressed their desire that it serve as a testimony of the international community’s support for Morocco in this difficult time.
As detailed in the statement, after the earthquake, WB and IMF staff began coordinating with Moroccan authorities and a team of experts to evaluate Morocco’s capacity to host the annual meetings.
After this review, they concluded that Marrakech could host the annual meeting and that it was appropriate to adjust “the content to the circumstances.”
“As we look ahead to the meetings, it is of utmost importance that they are held in a manner that does not impede ongoing relief efforts and is respectful of the victims and the Moroccan people.””says the press release.
Furthermore, the decision to keep the assembly in Morocco represents a “chance” for the international community to support Morocco and its people, who have demonstrated “a remarkable resilience in the face of tragedy”ends the statement.
The earthquake of September 8 in Morocco, with a magnitude of 6.8, left 3,000 dead, more than 5,000 injured and hundreds of buildings destroyed.
The annual meeting of the IMF and the WB, held in October, brings together finance ministers and central bankers from around the world, as well as businessmen and academics to debate major global economic issues such as prospects, financial stability, eradication of poverty and climate change.
Source: EFE
Source: Gestion
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