Africa-Press – Cape verde. The International Monetary Fund (IMF) and the World Bank (WB) begin their Annual Meetings this Monday in Marrakesh, Morocco, marked by the return to Africa, a continent in difficulties that contrast with the “remarkable resilience” of the world economy .
IMF and World Bank return to Africa to discuss struggling continent
In the meetings marking the return to Africa, after the Meetings in Kenya in 1973, the IMF and the WB are expected to present a downward revision of growth for the continent, with the World Bank having already presented its growth estimate for the continent. region, which slows to 2.5% this year, after growth of 4.8% in 2021 and 3.8% last year.
The work begins today and has on the agenda a session on African businesswomen and another that focuses on Guinea-Bissau and how to improve the management of expenditure on public servants through the use of ‘blockchain’, that is, a database that connects multiple departments and is accessible in real time.
On Tuesday the report on the World Economic Perspectives will be launched, on the same day that the document on Global Financial Stability is presented and a debate is held on the fight against poverty.
Also on Tuesday, Guinea-Bissau is again in the spotlight, with a debate on the digitalization of public administration management.
The following day, the World Bank Meetings are officially opened, with a press conference by the president, Ajay Banga, and the ‘Fiscal Monitor’ is presented, in charge of the former Minister of Finance of Portugal Vitor Gaspar and director of the department, There is also room for a debate on over-indebtedness in the most disadvantaged countries.
On Thursday, the debt issue will be in the spotlight, with a debate that, in addition to the leaders of the IMF and the WB, will also be attended by the Minister of Finance of Zambia, the first African country to enter into Financial Default. following the pandemic and requesting, more than two years ago, a debt restructuring, in a process that is still ongoing.
On Friday, regional reports on European and African economies are presented, and Angola’s Minister of Finance participates in a debate on building economic resilience and the challenges for emerging markets, before the Meetings end on Saturday, with the announcement of who will host the 2026 meetings.
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