The IMF and the World Bank use billions in loans and assistance to buoy struggling economies but both have also been criticised in the past
Security at a convention centre where the meet will be held. Pic/AP
The world’s most powerful financial institutions are gathering for a week of discussions on economic challenges during times of war, inequality and climate change. The International Monetary Fund and World Bank decided in 2018 to host their annual meeting in Marrakech, Morocco, bringing the affair to the African continent for the first time in 50 years.
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Their original timeline was delayed by the pandemic, but the meeting beginning Monday arrives at an apropos time. After a devastating earthquake last month killed nearly 3,000 and wreaked $11.7 billion in damages, both officials and civil society groups are eagerly anticipating discussions about how to promote economic resiliency in light of natural disaster.
The IMF and the World Bank use billions in loans and assistance to buoy struggling economies but both have also been criticised in the past.
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