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IMF/World Bank meetings to hold in Marrakech despite devastating Moroccan earthquake

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IMF/World Bank

 

The managements of the World Bank and International Monetary Fund (IMF), together with Moroccan authorities have agreed to hold their 2023 Annual Meetings in Marrakech despite recent devastating earthquake in the country.

This is contained in a joint statement signed by World Bank President, Ajay Banga; IMF Managing Director, Kristalina Georgieva; and Kingdom of Morocco Minister of Economy and Finance, Nadia Fettah Alaoui.

They however said that the meetings, scheduled between Oct. 9 and Oct. 15, would hold by “adapting the content to the circumstances”.

“Since the devastating earthquake in Morocco on Sept. 8, the World Bank and the IMF staff have worked in close coordination with the Moroccan authorities and a team of experts to thoroughly assess Marrakech’s capacity to host the 2023 Annual Meetings.

“In undertaking this assessment, key considerations were that the meetings would not disrupt vital relief and reconstruction efforts, and that the safety of the participants can be assured.

“Based on a careful review of the findings, the Managements of the World Bank and IMF, together with the Moroccan authorities, have agreed to proceed with holding the 2023 Annual Meetings in Marrakech from October 9 to 15,” they said.

 

According to them, the meetings would be conducted in a way that does not hamper the relief efforts, and respects the victims and Moroccan people.

“At this very difficult time, we believe that the annual meetings also provide an opportunity for the international community to stand by Morocco and its people, who have once again shown resilience in the face of tragedy.

“We also remain committed to ensuring the safety of all participants,” they said.

The World Bank plays a key role in the global efforts to end extreme poverty and boost shared prosperity.

Working in more than 100 countries, the bank provides financing, advice, and other solutions that enable countries to address the most urgent challenges of development.

The IMF is a global organisation that works to achieve sustainable growth and prosperity for all of its 190 member countries.

It does so by supporting economic policies that promote financial stability and monetary cooperation, which are essential to increasing productivity, job creation, and economic well-being.

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3 teens arrested in Germany for allegedly plotting terror attack

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German authorities have arrested three teenagers aged 15 and 16 on suspicion of plotting a deadly Islamist terrorist attack in the western German state of North Rhine-Westphalia, prosecutors said on Friday.

The state’s Central Office for the Prosecution of Terrorism (ZenTer NRW) sought an arrest warrant for the teenagers over the Easter holiday.

They were suspected of plotting a terrorist attack in accordance with the aims and ideology of (extremist militia organisation) Islamic State.

The detained suspects are a 15-year-old girl from Dusseldorf, a 16-year-old girl from the Märkischer Kreis district and a 15-year-old boy from the Soest district, located about 100 kilometres to the east of Dusseldorf.

A fourth suspect has reportedly been identified in the south-western German state of Baden-Württemberg, and the local court there has issued an arrest warrant.

According to the investigators, the teenagers are accused of having agreed to commit murder and manslaughter.

This is in conjunction with the preparation of a serious act of violence endangering the state.

 

The presumption of innocence applied in all stages of the proceedings.

Security sources told newsmen that the young people had formed a chat group, but had not drawn up a concrete attack plan for a particular time and place.

However, sources said the cities of Dortmund, Dusseldorf and Cologne were discussed as targets, and attacks with knives and Molotov cocktails on people in churches or police officers in police stations had been considered.

The sources said authorities had also conducted searches as part of the investigation.

A machete and a dagger were seized in Dusseldorf, but no evidence of the construction of incendiary devices was discovered.

Sources said the father of the Dusseldorf suspect had already attracted attention from authorities in the past because he had allegedly collected donations for the Islamic State.

The investigators declined to reveal how the suspected terrorists were tracked down, but said that foreign intelligence agencies “did not play a role.”

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Putin Registers As Candidate For Russia’s Next Presidential Election

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Russia on Monday officially recognised Vladimir Putin as a candidate for the presidential elections in March, a vote that he is all but certain to win.

The 71-year-old has led Russia since the turn of the century, winning four presidential ballots and briefly serving as prime minister in a system where opposition has become virtually non-existent.

The Central Election Commission said it had registered Putin, who nominated himself, as well as right-wing firebrand and Putin-loyalist Leonid Slutsky as candidates for the vote.

The election will be held over a three-day period from March 15 to 17, a move that Kremlin critics have argued makes guaranteeing transparency more difficult.

 

Following a controversial constitutional reform in 2020, Putin could stay in power until at least 2036.

Rights groups say that previous elections have been marred by irregularities and that independent observers are likely to be barred from monitoring the vote.

While Putin is not expected to face any real competition, liberal challenger Boris Nadezhdin has passed the threshold of signatures to be registered as a candidate.

However, it is still unclear if he will be allowed to run, and the Kremlin has said it does not consider him to be a serious rival.

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