Wali of Bank Al-Maghrib (BAM), Abdellatif Jouahri, stated that the Annual Meetings of the World Bank (WB) Group and the International Monetary Fund (IMF) in Marrakech (October 9-15) are an opportunity to showcase Morocco’s policy for Africa, under the impetus of His Majesty King Mohammed VI.
In a statement to the press on the eve of the Annual Meetings of the World Bank (WB) Group and the International Monetary Fund (IMF), Jouahri stressed that “the event is an opportunity to highlight Morocco’s commitment to African countries, thanks to the Royal vision for South-South cooperation”, adding that the event will also enable Bank Al-Maghrib to shed light on the performance of the Moroccan banking system in Africa, which has been successfully deployed over the past two decades.
“The challenges affecting Africa, notably indebtedness, food security, and climate change, will be at the center of discussions during the meetings”, underlined the Moroccan official, noting that Morocco’s selection to host this large-scale event testifies to the Kingdom’s commitment to the African continent.
According to Jouahri, the holding of these Assemblies in Marrakech is a testament to the confidence Morocco enjoys within international institutions and financial markets, thanks to the reforms undertaken under the enlightened vision of His Majesty King Mohammed VI.
“The holding of these meetings, just a few weeks after the earthquake that struck several Moroccan provinces, demonstrates the Kingdom’s ability to face challenges and its potential as host of this major international event”, emphasized the Central Bank governor, stressing that the meetings would be an opportunity to highlight “Morocco’s exemplary record of structural reform and governance”.
Referring to the main topics to be debated at the meetings, Jouahri cited climate change and the digital revolution.
“Debates will revolve around the need to rethink multilateralism and highlight global political and economic fragmentation”, noted Jouahri, adding that speakers will focus on representativeness and participation in decision-making, particularly concerning the African continent.
Jouahri also stressed that the Marrakech Declaration will promote economic improvement, inclusive growth, and innovative solutions for the future, particularly for the younger generations.
This major event, which marks its return to the African continent for the first time in 50 years, will bring together delegates from the 190 member countries of the IMF and WB, including leaders from the public sector (central banks, finance and development ministries, parliamentarians) and the private sector, as well as representatives of civil society organizations and academic experts.