Within the framework of this participation, Mrs. ZAABOUL, in her capacity as Alternate Governor for Morocco, took part on Thursday, October 13, in the informal dinner of the Governors of the WBG and IMF Development Committee member countries.
This event was organized around the theme of learning losses related to the Covid-19 pandemic. In this meeting, the Director of the Treasury and External Finance stressed, in a speech delivered on behalf of the group of countries represented by Morocco, the importance of prioritizing discussions on education financing, in the same way as those concerning climate change, by identifying new and innovative sources and methods of financing.
On Friday, October 14, Mrs. ZAABOUL also delivered a statement to the WBG/IMF Development Committee on behalf of the group of countries that includes Afghanistan, Algeria, Ghana, Iran, Pakistan, and Tunisia in addition to Morocco.
In this context, the Director of Treasury and External Finance emphasized the need to implement an integrated strategy to scale up climate financing in WBG client countries, while recalling the importance of adopting a comprehensive and effective strategy to address the food and energy crisis.
Furthermore, the delegation from the Ministry of Economy and Finance took part in two meetings of the African Caucus with the Managing Director of the IMF and the President of the WBG, held on October 15 and 16 respectively.
At these meetings, the African governors at the WBG and IMF emphasized the challenges facing most African countries, including debt overhang, food and energy insecurity, regional integration, and adaptation to climate change. They called on the two Bretton Woods institutions, because of their benchmark positioning, to intensify their support to African countries in their efforts to mitigate the long-term consequences of exogenous shocks.
The delegation of the Ministry of Economy and Finance also held a working meeting with Mrs. Kristalina Georgieva, Managing Director of the IMF, alongside Mr. Abdellatif Jouahri, Wali of Bank Al-Maghrib.
During this meeting, discussions focused, in particular, on the cooperation relations between Morocco and the IMF and the progress of preparations for the organization of the Annual Meetings of the World Bank Group and the IMF, scheduled for October 2023 in Marrakech.
In this respect, the Moroccan delegation reiterated the commitment of the Kingdom to successfully organize this major event that brings together, annually, the global economic and financial community.