IMF and World Bank Annual Meetings in Marrakech

Despite the recent devastating earthquake in Morocco that claimed over 2,900 lives, it has been announced that the annual meetings of the International Monetary Fund (IMF) and the World Bank will still take place in Marrakech. This decision was made by senior officials from both institutions, in response to a request from Morocco.

Scheduled to be held from October 9 to 15, the meetings will utilize some adaptations in content to accommodate the current circumstances, as stated in a joint statement by Ajay Banga, President of the World Bank, Kristalina Georgieva, Managing Director of the IMF, and Nadia Fettah Alaoui, Morocco’s Economy Minister.

With the earthquake having occurred just 45 miles away from Marrakech on September 8, the safety and well-being of all participants remain a top priority. The meetings are expected to attract approximately 10,000-15,000 individuals to the Moroccan tourist hub, and it is crucial that these gatherings do not hinder ongoing relief efforts or show any disrespect towards the victims and the Moroccan people.

This unfortunate event presents an opportunity for the international community to stand united with Morocco and its resilient citizens. Furthermore, it is essential to ensure the safety and security of everyone involved.

Morocco’s prime minister conveyed to Georgieva that relocating the meetings would have a severe impact on the country’s hospitality sector.

It is our duty to carry on these important discussions while being empathetic to the local situation. Let us demonstrate solidarity and support as we gather for these Annual Meetings.