First meeting of IMF and World Bank in Africa

Daily Current Affairs / First meeting of IMF and World Bank in Africa

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Category : Business and economics Published on: October 12 2023

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Recently the first meeting of the IMF and the World Bank was held in Africa.
This meeting was held in Morocco.
This meeting was held in Marrakesh city of Morocco.
For the first time in the last 50 years, the IMF and World Bank meeting has been held in the African continent.
In this, the World Bank will discuss giving third seat to Africa on its executive boards.
Over these 50 years the continent has been facing a variety of challenges, from conflicts to a series of military coups, from persistent poverty to natural disasters.
India was represented in this meeting by Union Finance Minister Nirmala Sitharaman.

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First meeting of IMF and World Bank in Africa