In a high-level meeting held during the annual meetings of the International Monetary Fund in Marrakesh, Kingdom of Morocco, H.E. Mr. Saddek Omar Elkaber, the Governor of the Central Bank of Libya, and his team engaged in discussions with prominent figures in the global financial community. The attendees included Ajay Banga, President of the World Bank, and Kristalina Georgieva, Managing Director of the International Monetary Fund, along with central bank governors and finance ministers from various countries.
The primary focus of the discussions revolved around the current state of the global economy and its impact on both developed and developing nations. Participants delved into measures needed to alleviate poverty and foster sustainable development across the African continent. Additionally, the attendees emphasized the importance of providing greater representation for African countries within international institutions, with a particular emphasis on the International Monetary Fund.
One of the key outcomes of the meeting was a consensus on the necessity of enhancing coordination efforts between the International Monetary Fund and the World Bank. This collaboration aims to ensure the adoption of economic and financial policies that prioritize and maintain financial and monetary stability in the ever-changing global economic landscape.
The talks held during this significant plenary session reaffirmed the commitment of global economic leaders to address pressing issues, such as poverty alleviation and sustainable development, while recognizing the growing importance of Africa in the international economic arena. These discussions mark a step toward a more balanced and inclusive approach to global economic governance, with a special focus on the African continent.
