Morocco to host 2021 annual meetings of World Bank, IMF

Rabat, April 25 (IANS/MAP) Morocco has been designated to host the 2021 annual meetings of the World Bank (WB) and the International Monetary Fund (IMF), the Ministry of Economy and Finances announced.

The choice, the second of its kind for the African continent since 1973, coincided with the 60th anniversary of Morocco's joining the two institutions on April 25, 1958, the ministry said on Tuesday.

The announcement came after a long process, which involved the evaluation of 13 countries' bid.

The 2021 edition, which will take place in the city of Marrakech, will be an opportunity to "highlight the structural reforms undertaken by Morocco as well as the progress it has made and to discuss and exchange with international decision makers as well as experts on the means to develop international and regional cooperation", the ministry said. 

The Boards of Governors of the WB Group and the IMF hold meetings to discuss issues related to poverty reduction, international economic development and finance.

The annual meetings are traditionally held in Washington two years out of three and, in order to reflect the international character of the two institutions, every third year in a different member country.