Institute of International Finance to Hold Meeting in Marrakech Despite Earthquake

Institute of International Finance to Hold Meeting in Marrakech Despite Earthquake

Unwavering Commitment to Marrakech

Despite the recent devastating earthquake in central Morocco on September 8, the Institute of International Finance (IIF) has announced its firm intention to proceed with its annual meeting scheduled for October 12-14 in Marrakech. This decision aligns with similar commitments made by the International Monetary Fund (IMF) and the World Bank (WB) to hold their annual meetings in the same location.

Global Finance and Sustainability on the Agenda

The IIF’s forthcoming meeting will bring together central bankers, policymakers, and industry executives to engage in discussions covering a wide spectrum of topics. Key areas of focus include the global economic outlook, climate finance, and the challenges of emerging market debt. As the financial world confronts ongoing economic shifts and sustainability concerns, this gathering assumes heightened importance.

Supporting Earthquake Relief

IIF President and CEO, Tim Adams, emphasized the significance of the annual meeting, particularly in light of the recent earthquake’s impact on Morocco. Adams stated that the event takes on added significance in the wake of this tragedy, highlighting the financial industry’s role in fostering economic stability and sustainable growth. To aid earthquake relief efforts, the IIF has chosen World Central Kitchen as its designated charity for the meetings, encouraging attendees to contribute to their relief initiatives in Morocco.

The earthquake on September 8 was the most powerful tremor to strike Morocco in over six decades, leaving a trail of devastation in its wake. The disaster resulted in nearly 3,000 casualties and the destruction of approximately 60,000 homes in the Atlas mountains, affecting the lives of 2.8 million people.

Despite the challenges posed by the earthquake’s aftermath, the meetings organized by the IMF, World Bank, and IIF are expected to draw over 10,000 delegates to Marrakech. This collective commitment underscores the resilience and determination of both the international financial community and Morocco in the face of adversity.