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  • Pierre @ Riad Dar Chacha

15,000 to 20,000 participants in Marrakech 9th to 15/10/2023 for the IMF-World Bank conference

IMF World Bank Conference October 2023 in Marrakech. FMI, Banque Mondiale

IMF Managing Director Kristalina Georgieva yesterday discovered the brand new 23-hectare campus, nestled in the heart of a majestic 54-hectare estate in Marrakesh, with a state-of-the-art plenary hall capable of accommodating more than 4,000 participants. We are proud to announce that Marrakesh will host the prestigious Annual Meetings of the International Monetary Fund (IMF) and the World Bank from 9 to 15 October 2023. This historic event marks the triumphant return of this meeting to Africa after a 50-year hiatus.

Expect to see 189 distinguished delegations, led by the world's financial elites - finance ministers and central bank governors. In all, between 15,000 and 20,000 people will converge on Marrakesh to define the economic future, while navigating the global challenges of development, financing strategies and geopolitical dynamics.

The Minister for the Economy and Finance, Nadia Fettah Alaoui, emphasised the pivotal role played by Morocco, which, despite recent challenges such as the earthquake on 8 September, has demonstrated its resilience and ability to move forward with determination. The decision to hold this meeting in Marrakesh demonstrates the two institutions' unwavering confidence in Morocco, reinforced by its effective and prompt crisis management. and that the city of Marrakesh's capacity to host the meeting was only moderately affected on 8 September 2023.

The Managing Director of the IMF, Kristalina Georgieva, sees this event as a strong message of solidarity towards Morocco and all countries facing adversity.

Kristalina Georgieva's objective is to personally check the state of preparations for the summit, which will bring together some 20,000 participants, including finance ministers, governors, experts and representatives of other international financial institutions, as well as press institutions from around the world. Morocco (the organiser of this event 50 years after Kenya) announced the Director's visit through Alex Segura-Ubiergo, IMF advisor, at the media workshop organised in Rabat by the World Bank, the IMF and the Ministry of Economy and Finance.

This emblematic event testifies to the dynamic transformation of the Moroccan economy and its desire to share its successes with the whole world.

The IMF-WB Annual Meetings offer a golden opportunity to amplify Africa's voices and aspirations to the world.

The IMF Managing Director stressed that Africa will be at the centre of discussions, alongside strategies to stimulate the global economy. She stressed the importance of inter-state connectivity, the removal of trade barriers, and the introduction of digital currency for the continent.

IMF spokeswoman Julie Kozack, in an interview with MAP, said the meeting would be a key opportunity to address Africa's specific challenges, such as the integration of young people, growing debt and climate change, while exploring the vast opportunities the continent offers.

Morocco is thus positioning itself as a central platform for debating pressing global issues at a time when international collaboration is essential, with a particular focus on Africa and the Middle East.

A rich agenda of discussions

The Global Meetings will feature a series of parallel events, covering topics ranging from the energy crisis and climate change to migration, global collaboration, post-Covid reconstruction and global political and economic challenges.

According to the organisers, this year's meetings will revolve around six major themes, including financial digitalisation, eco-responsible development, the transformation of global financial institutions, the entrepreneurial spirit, social security and, finally, the promotion of peaceful and harmonious coexistence.

© P&E Invest Maroc

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