Marrakesh, Kingdom of Morocco – In a momentous gathering of economic leaders from around the world, H.E. Mr. Saddek Omar Elkaber, Governor of the Central Bank of Libya, held a crucial dialogue during the plenary session of the annual meetings of the International Monetary Fund (IMF) on Friday, October 13th. The high-level meeting saw the participation of notable figures including the President of the World Bank, Ajay Banga, and the Managing Director of the International Monetary Fund, Kristalina Georgieva.
The central theme of the discussions revolved around global economic and financial conditions and their far-reaching effects on both developed and developing nations. The conference also delved into the measures necessary to alleviate poverty and pave the way for sustainable development in African countries, emphasizing the need for greater representation of African nations in international financial institutions, with a special focus on reforming the International Monetary Fund.
One of the most significant outcomes of this meeting was the unanimous agreement on supporting coordination efforts between the International Monetary Fund and the World Bank. The primary objective of this collaboration is the adoption of economic and financial policies that will serve to safeguard monetary and financial stability on a global scale.
The dialogue conducted during this annual meeting served as a testament to the growing interdependence of nations and the critical need for global economic cooperation. As the world grapples with economic challenges and the pursuit of sustainable development, the voices of central bank governors, finance ministers, and international financial leaders have never been more important.
The annual meetings of the International Monetary Fund continue to be a key platform for addressing pressing global economic issues and finding cooperative solutions that will foster financial and monetary stability. H.E. Mr. Saddek Omar Elkaber’s participation underscores Libya’s commitment to contributing to these crucial conversations and seeking a brighter economic future for all nations.
