• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 28, 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

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

N1.5trn recapitalisation of Agric bank will herald food security – TMV

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

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

$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 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

Chinese firms in deal for final phase of Tanzania’s rail

Kenya, Ethiopia revive hopes of Lapsset with talk of new railway

August 20, 2023
LCCI, stakeholders want paper industry revamped

LCCI, stakeholders want paper industry revamped

February 5, 2022
Kenya hits the globe for oil investment

Namibian oil wells open to Nigerian investors – Envoy

January 14, 2022

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

  • Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group
  • N1.5trn recapitalisation of Agric bank will herald food security – TMV
  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

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