WASHINGTON, Sept 16 ― The International Monetary Fund (IMF) and World Bank will decide on Monday whether to proceed with October 9-15 annual meetings in earthquake-hit Morocco...
WASHINGTON, Sept 16 ― The International Monetary Fund and World Bank will decide on Monday whether to proceed with October 9-15 annual meetings in earthquake-hit Morocco after completing a “thorough review” of the country's ability to host the meetings, IMF Managing Director Kristalina Georgieva told Reuters.
Marrakech, 45 miles from the quake's epicentre, suffered some damage in its ancient Medina quarter, but Moroccan officials have pressed the IMF and World Bank to proceed with the gathering, which would bring some 10,000-15,000 to the city. But she said the prime minister told her that it would be “quite devastating” for Morocco's hospitality sector if the meetings were not to take place in Marrakech. She added that she agreed to look for ways to simplify the meetings if they proceed in Marrakech, including possibly reducing their length and scaling back attendance.
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