This year's annual meetings of the International Monetary Fund (IMF) and the World Bank Group in Marrakech are of exceptional importance. This is only the second time the two institutions are holding their meetings in Africa, having largely ignored the continent for half a century.
The venue choice of Morocco gives the meetings an important Arab dimension.
After the devastating earthquake that shook the Atlas Mountains, the meetings could be viewed as a show of solidarity with the country. But they are also a nod to Morocco’s impressive economic development and influential role as an Arab, African and Mediterranean country of growing strategic importance.
Heated discussions are expected to take place over the uncertainty gripping the global economy, and soaring inflation rates caused by the Ukraine war — a war that has reversed much of the economic progress made after the Covid-19 pandemic.
Al Majalla will be covering these meetings on the ground from Marrakech, publishing articles and analyses from different perspectives and also reviewing Arab countries’ experiences with Bretton Woods institutions over the years and how these relationships may evolve in the future.