Heads of multilateral development banks (MDBs) attending this year’s IMF/World Bank Annual Meetings in Morocco have pledged to strengthen their individual and collaborative actions to accelerate inclusive socioeconomic development.

The world faces a global “polycrisis” affecting human and economic development at an unprecedented scale. Progress towards the Sustainable Development Goals (SDGs) has been painfully slow. For many countries, that progress has stalled or reversed, while the climate emergency is felt in intensifying force around the...

By Dr. Beth Dunford

Speech by Kristalina Georgieva, IMF Managing Director Plenary Meeting at the 2023 IMF-World Bank Annual Meetings

Opening Remarks by IMF Asia and Pacific Department Director Krishna Srinivasan at the Regional Economic Outlook Press Conference, Marrakesh, Morocco, October 13, 2023

Welcome to today’s press conference on the economic outlook for Europe. Europe has weathered well an unprecedented series of shocks, the pandemic and the energy crisis triggered by Russia’s war in Ukraine. Severe downside scenarios were avoided. This is a big accomplishment!

Good morning, everyone. Thank you for joining our Press Briefing on the Economic Outlook for the Middle East and Central Asia, and many thanks to many of you who have come to Marrakech to cover our Annual Meetings. We are going to start with opening remarks from Jihad Azour, Director of the Middle East and Central Asia Department, and then we will take your questions. We do have interpretations into Arabic and French, and you can ask your questions in those languages. Thank you. Jihad, if you will.

Opening Remarks at Press Briefing on the Regional Economic Outlook for Sub-Saharan Africa

Following a strong rebound from the pandemic and continued resilience in early 2023, economic growth in Latin America and the Caribbean is projected to moderate from 4.1 percent in 2022 to 2.3 percent in 2023. Headline inflation in the region (excluding Argentina and Venezuela) has been declining and is anticipated to reach 5 percent in 2023, compared to 7.8 percent in 2022.