The IMF and World Bank meetings have just ended in Marrakech, marking the end of a week of discussions and debates on global economic issues. These international events brought together representatives from many countries, economists, financial experts and political leaders to discuss current economic challenges and possible solutions.
During these assemblies, many crucial issues were addressed, including the issue of indebtedness of developing countries. Unfortunately, little concrete progress has been made on this subject, despite calls from the G24 to cancel the debt of the most vulnerable countries. However, a glimmer of hope appeared with the announcement of a debt restructuring agreement for Zambia, which will allow the country to revive its economy and investments.
The discussions also highlighted the importance of strengthening global economic governance and granting greater representation to African countries. With this in mind, Africa should obtain a third seat on the IMF Executive Board, which will allow its concerns and interests to be better taken into account.
Despite the lack of spectacular announcements, it is important to emphasize that these assemblies constitute above all a place for exchanges and negotiations. As Benoît Chervalier, an investment banker present in Marrakech, pointed out, behind-the-scenes discussions and confidential negotiations can have a significant impact on economic decisions subsequently taken. Therefore, we should not underestimate the potential of these meetings to advance economic issues.
However, it is also essential to remain realistic about the challenges ahead. The report for sub-Saharan Africa released at the meetings shows projected economic growth of just over 3% this year, highlighting the persistent challenges facing the region. It is therefore imperative to continue working on concrete measures to promote economic development and reduce inequalities.
In conclusion, the IMF and World Bank meetings in Marrakech were an opportunity to discuss global economic issues and lay the foundations for potential solutions. Despite the lack of concrete announcements, these meetings enabled important exchanges and opened the way to new perspectives for the global economic future. It is now essential to continue efforts to implement concrete and lasting measures to promote economic growth and reduce inequalities throughout the world.