RABAT, Oct. 14 (Xinhua) -- Morocco has been officially nominated as the host of the 2021 annual meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF), Moroccan official MAP news agency reported on Sunday.
WBG President Jim Yong Kim, IMF Managing Director Christine Lagarde and Morocco's Economy and Finance Minister Mohamed Benchaaboun signed an agreement on the hosting of the event Sunday following the end of the annual meetings of the two international institutions in Bali, the same source said.
The 2021 edition will be an opportunity to highlight the structural reforms undertaken by Morocco as well as the various advances made by the kingdom, the source added.
The IMF is confident in the capacity and potential of Morocco, a country that stands out with a plural identity and opens to the world, Lagarde was quoted as saying at the official signing ceremony.
Last April, Morocco was chosen to host the 2021 edition of the WBG-IMF annual meetings.
The annual meetings bring together central bankers, ministers of finance and development, private sector executives and others.
The annual meetings held in Africa last time was in 1973 in Nairobi, Kenya.
The annual meetings are usually held for two consecutive years at the WBG and IMF headquarters in Washington, D.C. and every third year in another member country.
