Can the IMF and World Bank deliver cheaper money for Africa?

This week the IMF and the World Bank return to Africa after a 50-year break to hold their annual meetings in Marrakech, Morocco’s ochre city still reeling from September’s

Morocco is also testing the IMF and World Bank market economic model to its limit. The government had brought inflation down to under 6% by the middle of the year, one of the lowest rates in the region, and cut unemployment to under 16%.Also receive offers from The Africa Report's partners These practical points exemplified by Morocco underline the calls for international financial reform being made by eminent African economists such asLopes, Adesina and Mottley are calling for a more productive use of the IMF’s Special Drawing Rights reserve currency. This could include a special allocation of $100bn of SDRs to African economies to ease liquidity pressures as countries try to recover from the pandemic downturn.

for loans taken out over the past five years. This is also part of the G20’s reform agenda for the IMF and World Bank. It is looking at ways to triple the financial firepower of those institutions as well as the regional development banks.

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IMF, World Bank hold first meetings in Africa in 50 yearsThe IMF and World Bank gather in Morocco Monday for their first annual meetings on African soil in 50 years, under pressure to reform to better aid poor nations blighted by debt and climate change. The International Monetary Fund and World Bank traditionally hold their annual gathering of finance ministers and central bank governors outside their Washington headquarters every three years.
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