IMF, World Bank hold first meetings in Africa in 50 years

The IMF and World Bank last held their annual meetings in Africa in 1973. © FADEL SENNA / AFP

Marrakesh (Morocco) (AFP) – The 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.