Morocco has been officially selected to host the 2021 Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) at the end of a long process of evaluation of the applications initially submitted by 13 countries, the Ministry of Economy and Finances announced on Tuesday. This choice, the second of its kind for the African continent since 1973, coincides with the 60th anniversary of the Kingdom's accession to these two institutions on April 25, 1958 and attests to the WBG and the IMF confidence in the ability of Morocco to host world-class events, the ministry pointed out in a release. This choice also reflects the support of these two important institutions to the economic policies and structural reforms implemented in Morocco under, the source added. 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 and experts on the means to develop international and regional cooperation. The Annual Meetings bring together central bankers, ministers of finance and development, private sector executives, civil society, media and academics to discuss issues of global concern, including the world economic outlook, global financial stability, poverty eradication, jobs and growth, economic development, aid effectiveness and climate change. The Annual Meetings traditionally are 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.
