• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, June 6, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Excitement as World Bank/IMF hold meetings in Marrakech

World Bank

The Matters Press by The Matters Press
October 9, 2023
Reading Time: 2 mins read
0
World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021

Marrakech (Morocco), Oct. 9, 2023: Stakeholders from across the globe have converged on Marrakesh for the 2023 World Bank/International Monetary Fund (IMF) annual meetings.

RELATED POSTS

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

FCT ground rent!: Check your name if you own property

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

The meetings are holding after Marrakech experienced a devastating earthquake, which swept through other cities in the country.

The hosting of the meetings by Morocco appears to have brought relief to residents of the city, many of whom are already taking advantage of the influx of visitors to make brisk business.

At the Marrakech Airport, hundreds of residents came with vehicles to convey delegates to their destination at exorbitant fees.

Some home owners in the beautiful city also vacated their homes and rented them out to delegates, charging between 300 dollars to 3009 dollars for the one week duration of the meetings.

A taxi driver Osmae Awal, said that the residents of Marrakech were happy at the presence of many participants from across the world for the meetings.

“Welcome to Marrakech. We are happy to have you all here. Morocco is a beautiful country and I am sure you will enjoy your stay,” he said.

Adil Imam, another resident of Marrakech, said that the influx of people into the city was a huge relief from the recent tragic earthquake.

“We are happy that people are coming in here from all over the world.

“We will do everything to make you enjoy your stay here,” he said.

The 2023 annual meetings of the World Bank group is scheduled to hold between Oct. 9 and Oct. 15.

The managements of the World Bank and the IMF, and the Moroccan authorities agreed to hold the meetings in Marrakech in spite the recent devastating earthquake experienced by the country.

According to the World Bank President, Ajay Banga, IMF Managing Director, Kristalina Georgieva; and Kingdom of Morocco Minister of Economy and Finance, Nadia Fettah Alaoui in a joint statement, the meetings will hold by “adapting the content to the circumstances”.

They said that since the earthquake in Morocco on Sept. 8, the World Bank and the IMF staff had worked in close coordination with the Moroccan authorities and a team of experts to thoroughly assess Marrakech’s capacity to host the Meetings.

“In undertaking this assessment, key considerations were that the meetings would not disrupt vital relief and reconstruction efforts, and that the safety of the participants can be assured.

“Based on a careful review of the findings, the Managements of the World Bank and IMF, with the Moroccan authorities, have agreed to proceed with holding the 2023 Annual Meetings in Marrakech.

“The meetings will be conducted in a way that does not hamper the relief efforts, and respects the victims and Moroccan people.

“At this very difficult time, we believe that the annual meetings also provide an opportunity for the international community to stand by Morocco and its people, who have once again shown resilience in the face of tragedy.

“We also remain committed to ensuring the safety of all participants,” they said.

The World Bank plays a key role in the global efforts to end extreme poverty and boost shared prosperity.

Working in more than 100 countries, the bank provides financing, advice, and other solutions that enable countries to address the most urgent challenges of development.

The IMF is a global organisation that works to achieve sustainable growth and prosperity for all of its 190 member countries.

It does so by supporting economic policies that promote financial stability and monetary cooperation, which are essential to increasing productivity, job creation, and economic well-being.

Tags: World Bank
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Energy

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

June 4, 2025
Property owners besiege FCT office to pay ground rent
Economy/Technology

FCT ground rent!: Check your name if you own property

June 3, 2025
News

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

June 3, 2025
Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

IMPI urges media to consider national interest in reporting security challenges

June 3, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
News

Malami’s opposition to Tinubu’s endorsement self-indicting – TDF

June 3, 2025
President Tinubu outlines new economic, monetary, foreign policies
Economy/Technology

CUPP goofs over President Tinubu’s 2027 endorsement by governors

June 2, 2025
Next Post
Nigeria plans to increase petrol pump price despite spike in inflation, unemployment

Fuel queues reappear in Abuja

Agenda on to revive ceramics manufacturing

Ceramic Production: An agenda for Nigeria’s economic revival

Recommended Stories

Yobe state,  Egyptian firm in deal to establish meat processing factory

Yobe state, Egyptian firm in deal to establish meat processing factory

June 12, 2022
RMRDC, varsity collaborates on cashew juice processing

Nigeria targets $500m revenue from cashew export in 2023 –NEPC

April 14, 2023
UNECA urges media to pressure govts on policies

National, local reviews help countries assess progress on SDGs — UNECA

February 28, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF
  • FCT ground rent!: Check your name if you own property
  • Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us