by Linda Straker
- First such annual meeting hosted by an African country in 50 years
- Cornwall expected to attend Commonwealth Finance Ministers and IMF Caribbean Ministerial meetings
- Timothy Antoine, ECCB Governor attending World Bank/IMF meetings
Finance Minister Dennis Cornwall and Chevanne Britton — who is serving as Deputy Permanent Secretary in the ministry — are Grenada’s participants at the World Bank/International Monetary Fund (IMF) fall meetings which opened in Morocco on Monday, 9 October. The meetings will conclude on Sunday, 15 October.
The meetings are expected to gather more than 12,000 participants, with 190 delegations led by finance ministers and central bankers — including Timothy Antoine, Governor of the Eastern Caribbean Central Bank (ECCB) — as well as private sector executives worldwide, Morocco’s national agency, MAP, reported.
This is the first such annual meeting hosted by an African country in 50 years, during which the IMF would release the annual World Economic Outlook, and discussion sessions would be held on major global challenges of the energy crisis, climate change, regional conflicts, post-pandemic recovery, and their potential solutions, particularly for developing countries.
From Marrakech, Morocco, the 2023 Meetings will focus on what it will take to end poverty and explore the new playbook that is required to respond to intertwined global challenges, according to a release on the World Bank website.
Minister Cornwall is expected to be among the participants attending the Commonwealth Finance Ministers meeting and the IMF Caribbean Ministerial Meeting. According to the website, there will also be seminars on Reform Priorities for Tackling Debt, Revenue Collection and the Role of Digital Technologies Global Sovereign Debt Roundtable.
Some of the topics for discussion are Promoting Equity and Accountability in Pandemic Preparedness: The Case for a Pandemic Fund Civil Society Engagement Mechanism; Aligning Climate Finance with Decarbonisation in the Transportation Sector and Reviving Growth and Shaping Transformations in Emerging Markets and Developing Economies.