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Zambian Delegation Arrives in Morocco for IMF and World Bank Meetings

A high-level delegation from Zambia, led by Finance and National Planning Minister Dr. Situmbeko Musokotwane, has arrived in Marrakech, Morocco, for the 2023 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG). 

The meetings, which began on October 9 and run until October 15, 2023, are a crucial event for Zambia’s economic transformation and development agenda.

The Zambian delegation, which includes key officials such as the Secretary to the Treasury, Bank of Zambia Governor, and Zambia Revenue Authority Commissioner General, will participate in a series of IMF and World Bank organized events, engage in bilateral talks with development partners, and meet with investors. 

One of the highlights of the delegation’s agenda is a high-level joint panel discussion on reform priorities for tackling debt, featuring Dr. Musokotwane as a panelist alongside other notable figures.

The Zambian delegation will also hold bilateral meetings with various countries and organizations, including France, the USA, England, Morocco, and the Commonwealth.

Additionally, the delegation will attend targeted consultative meetings with World Bank officials, such as the Vice President for Eastern and Southern Africa, International Finance Corporation President, and WBG Managing Director.

The importance of Zambia’s participation in the 2023 IMF/WBG Annual Meetings is emphasized by Dr. Musokotwane, who sees these meetings as critical for consolidating Zambia’s attractiveness as one of Africa’s best investment destinations. 

Zambia seeks to forge international consensus on areas of common interest, such as debt management, investments, food security, energy development, and support for micro, small, and medium-sized enterprises.

The IMF/World Bank Group Annual Meetings provide a platform for high-level representatives from member countries to discuss global economic challenges and opportunities. They make decisions on major policy issues related to the future work of these institutions. 

This year’s meetings are held in a hybrid format, with participants including ministers, governors, delegates, observers from intergovernmental organizations, representatives from financial institutions, journalists, academics, and civil society organizations.

This story has been adopted from the Ministry of Finance and National Planning, Zambia.

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