The Annual Meetings of the World Bank and IMF : 14/10/2018

The Annual Meetings of the World Bank and IMF

The Annual Meetings of the World Bank and the International Monetary Fund (IMF) were held, October 12th to 14th 2018 in Bali, Indonesia.
The statement of the Kingdom of Morocco, presented during this occasion to the World Bank on behalf of the Group comprising, besides Morocco, Afghanistan, Algeria, Ghana, Iran, Pakistan and Tunisia, stressed the importance of the Human Capital Project, which is a World Bank action to help reduce poverty, increase productivity and strengthen social stability.

Within this framework, the World Bank was urged to provide financial and technical support to member countries to develop reliable databases and statistical systems to calculate the human capital index and assert its relevance.

The World Bank has also been called upon to provide advice directed at enhancing countries' financial technology capacity to expand access to financial services for marginalized populations.

As for public debt, the World Bank and IMF have been asked to help countries develop strong domestic financial markets with the aim of reducing their reliance on the foreign currency borrowings that make them subject to various debt risks.