Participation of Morocco in the WB- IMF annual meetings in Bali : 08/10/2018

Participation of Morocco in the WB- IMF annual meetings in Bali

Morocco takes part in the annual meetings of the World Bank and the International Monetary Fund (BM-IMF), a key event on the global financial and economic field, held from October 8th to 14th in Bali, Indonesia. International experts and government officials from all over the world will discuss the international climate, while providing an assessement of a stagnant global economy caused by USA-China pressures and the collapse of several currencies of emerging economies.

Discussions will focus on programs and strategies to implement for the financing of economies, struggle against poverty, insecurity and social disparities, by outlining the prospects for the development of the global economy.

These meetings, gathering more than 14.000 participants, including Ministers of Finance, central bank governors from about 189 countries, members of these institutions as well as representatives from the private sector, non-governmental organisations and the university community, are an opportunity to bring together various social actors to initiate development projects that are coherent and complementary as well.

The agenda of this meeting also comprises a series of events, including manifestations, regional zooms, press conferences, on topics related to the global economy, international development and the global financial system.

It should be recalled that Morocco was chosen last April to host the 2021 edition of theWB-IMF annual meetings which will coincide with the 60th anniversary of the Kingdom's accession to these two international institutions.

This decision was the result of a long process of assessment of the applications initially submitted by 13 countries. It also highlights the confidence of the WBG and the IMF in the ability of our country to successfully organize major events.

The Kingdom, the second African country to host these assemblies after the first one in 1973, will take the opportunity to outline its structural reforms as well as the progress made, in addition to debate with international decision-makers and experts on ways to promote international and regional cooperation.