2023-08-21 09:48:38
The IMF maintains an “exceptional partnership” with Morocco
According to the Director of Communications of the International Monetary Fund, Julie Kozack, the IMF maintains an “exceptional partnership” with Morocco, which is preparing to convene the Annual Meetings of the Fund and the World Bank next October to discuss the issues at stake. a time when cooperation is more vital than ever. “We are very happy to have our annual meetings in Morocco next October. This is the first time in 50 years that these Assemblies have been held on the African continent… There is nothing better than this crossroads between the Middle East, Africa and Europe to bring together the international community in order to discuss our global issues at a time when cooperation is more vital than ever,” said Ms.me Kozack in an interview with MAP, believing that some challenges facing the world such as climate change can only be overcome when the international community joins forces. Referring to the preparations for this major meeting where nearly 14,000 delegates from 190 member countries of these two international institutions are expected, Julie Kozack recalls having accompanied the Managing Director of the IMF, Kristalina Georgieva, during her visit to Morocco in last June. As a reminder, these Assemblies bring together leaders from the public sector (central banks, ministries of finance and development, parliamentarians) and the private sector, as well as representatives of civil society organizations and experts from academia. This conclave will serve as an opportunity for the international community to discuss certain challenges that concern Africa such as the inclusion of young people, the debt facing many countries on the continent or climate change, but also the opportunities that arise. offer in Africa. Regarding the partnership between the Kingdom and the IMF, Julie Kozack recalls the two-year agreement for an amount of approximately 5 billion dollars in favor of Morocco under the flexible credit line (LCM), designed to crisis prevention. “This mechanism basically exists for a country to have access to the flexible credit line. The country must show great vigor and have robust policies and very solid fundamentals,” she explained, recalling that Morocco is in this category.
1692680003
#International #booth #Tunisian #Press