The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, confirmed Monday, September18 , that the Annual Meetings of the IMF and the World Bank will be held as planned in Marrakech, from October 9 to 15.
As stated by the governor of Bank al-Maghrib, Abdellatif Jouahri, during a conference held on Thursday, September 13, the annual meetings of the International Monetary Fund (IMF) and the World Bank scheduled for Marrakech in October will take place as foreseen.
The confirmation was made by the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, speaking to the Kingdom's official press agency, MAP.
Kristalina Georgieva, who is participating in the 78th session of the UN General Assembly, expressed her gratitude to Morocco for its hospitality and wanted to emphasize the importance of these annual meetings for international financial institutions. She also thanked the Moroccan authorities and people for their attention to this global event.
Haouz earthquake: IMF DG welcomes Morocco's response under the leadership of HM the King
The Managing Director of the IMF took the opportunity to send a message of solidarity to Morocco, which was recently hit by an earthquake in the Haouz region, while welcoming the Kingdom's response, under the leadership of the King Mohammed VI to this natural disaster.
Kristalina Georgieva affirmed that the IMF and the World Bank will do their best to help the Kingdom cope with this crisis.
“I served for five years as a humanitarian commissioner and crisis response officer and I have seen time and time again that when a nation unites, it can overcome the most dramatic challenges. And this is what Morocco is doing under the leadership of His Majesty the King,” declared Ms.
“It is very important that in times of crisis, a country comes together” and shows solidarity, added the head of the international financial institution.
She also praised the “generosity of hearts” of all Moroccans who showed a remarkable surge of solidarity to help those affected by the earthquake.
This solidarity says a lot about the generosity of the hearts of the Moroccan people. “I know that when we come (to Marrakech next October for the annual meetings of the IMF and the World Bank), we will be welcomed with the same generosity,” she said.
Kristalina Georgieva has also announced that the IMF would grant Morocco a loan of $1.3 billion in order to strengthen its resilience to climate risks. This decision is part of ongoing efforts to combat the devastating effects of climate change and help countries adapt to this new environmental reality.
The $1.3 billion loan aims to help Morocco mitigate the consequences of climate change on its economy and population. This is long-term financing that will enable the Kingdom to implement measures and projects aimed at strengthening its climate resilience.
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