The IMF on 28 September approved a $1.3bn ‘Resilience and Sustainability Facility’ for Morocco following the catastrophic earthquake near Marrakesh on 8 September.

The IMF is due to hold its annual meetings in Marrakesh on 9-15 October. With the city originally due to host the IMF in 2020 before those meetings were cancelled due to Covid, Rabat has pressed strongly for October’s events to go ahead. The IMF says that having “closely worked with the authorities to assess the situation and the city’s readiness to hold the meetings” it will be “adapting the content to the circumstances.” The latest facility “will support Morocco’s transition to a greener economy and help strengthen its preparedness and resilience against natural disasters, including from climate change,” the IMF says. (CONTINUED - 170 WORDS)