-
, Chancellor of the Exchequer,
will on Thursday be in Marrakech, Morocco, for the
International Monetary Fund and World Bank Annual Meetings
- Chancellor will attend key multilateral meetings, as well as
hold talks with economic partners from around the world
- Chancellor to reaffirm UK’s commitment to fiscal
responsibility ahead of Autumn Statement next month
Chancellor of the Exchequer will be in Marrakech, Morocco
on Thursday 12 and Friday 13 October this week for the
International Monetary Fund (IMF) and World Bank Annual
Meetings. He will discuss global economic issues
and how to ensure international financial institutions are
delivering for all member states, including the most vulnerable,
as well as showcase the UK's leadership on international
development.
The Chancellor will also discuss the UK’s economic strategy,
highlighting the need to fight inflation and make fiscally
responsible decisions. He will reiterate Britain’s backing of
international humanitarian causes such as Morocco’s earthquake
relief effort, in addition to support for Ukraine following
Russia’s illegal invasion and for Israel in the wake of the
recent terrorist attacks.
Chancellor of the Exchequer said:
“I’m in Marrakech to discuss the global fight against inflation,
and how we are putting Britain back on the path to growth.
“It is because of our solid economic foundation at home that we
can support our friends around the world. I am full of admiration
for the Moroccan people’s resilience following the terrible
earthquake in September, and want to reiterate Britain’s backing
to support the victims.”
Also in attendance at this year’s IMF Annual Meetings are , Minister for Development
and Africa at the Foreign, Commonwealth and Development Office,
and Andrew Bailey, Governor of the Bank of England.
The UK remains committed to supporting Morocco following the
devastating earthquake in September, and has allocated a funding
package worth up to £10m in response to this and the floods in
Libya. A British search and rescue team, as well as a medical
assessment team, were also deployed in the days immediately after
the natural disaster to support the Moroccan authorities in the
affected areas.
The meetings are one of the IMF’s twice-yearly centre pieces for
international economic policy. This year’s are the first set to
be held outside of Washington D.C. since 2018, when they took
place in Bali, Indonesia. They are also the first IMF Annuals
held in Africa since 1973, which were in Nairobi, Kenya.
