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Rabat – Hosting the World Bank (WB) and the International Monetary Fund (IMF) annual meeting as originally scheduled in Morocco reflects the two institutions’ confidence in the country, Morocco’s Economy and Finance Minister Nadia Fettah Alaoui said.
Alaoui’s remarks followed the two institutions’ announcement on Monday that they will hold their annual meeting in Marrakech despite the devastating earthquake that struck Morocco on September 8.
In a press statement released on Monday, the minister stated that the decision “solidifies Morocco’s standing with these two global organizations,” particularly following the immediate response to the devastating effects of the Al Haouz earthquake.
The minister further added that the decision is also the outcome of collaborative efforts between the Moroccan government and the two international financial institutions.
According to the minister, Morocco’s efforts enabled the country to devise an effective and successful response to the crisis, prioritizing the welfare of citizens affected by this crisis, and ensuring that the necessary infrastructure and facilities for hosting the event guarantee the complete safety of all participants.
The minister also stated that “the decision to proceed with the meetings as scheduled also reflects the strength of the enduring partnership with Morocco in general and a robust commitment to supporting our nation in these challenging times.”
The Ministry of Economy and Finance added in the statement that “Marrakech will serve as the host city for this annual international financial event from October 9th to October 15th.”
“It will welcome finance ministers and central bank governors from the 189 member countries,” the statement continued.
It also noted that the event will bring together public sector officials, parliamentarians, decision-makers, private sector experts, NGO representatives, economic experts, academics, and international media representatives.
The participants will convene in the Red City to deliberate on global economic challenges and development prospects.
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