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Search resuls for: "Iskander Erzini Vernoit"


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The International Monetary Fund and World Bank decided in 2018 to host their annual meeting in Marrakech, Morocco, bringing the affair to the African continent for the first time in 50 years. Their original timeline was delayed by the pandemic, but the meeting beginning Monday arrives at an apropos time. Those challenges are particularly pronounced in Africa, where many countries spend more on debt than health care and education combined. The earthquake, residents say, exacerbated disparities plaguing rural areas and compounded struggles facing already-impoverished communities. “Here’s it’s hidden behind.”___AP reporters Paul Wiseman in Washington and Yassine Oulhiq in Anerni, Morocco, contributed to this report.
Persons: Kristalina Georgieva, they've, , Iskander Erzini Vernoit, Morocco —, Brahim Ait Brahim —, he's, Ait Brahim, , Paul Wiseman, Yassine Organizations: Monetary Fund, World Bank, IMF, Bank, Climate & Development, That’s Locations: MARRAKECH, Morocco, Marrakech, Ukraine, Africa, Egypt, Zambia, Anerni, That’s Marrakech, It’s, Washington
The key to it all, of course, is money, and as organized and funded now, the World Bank would be stretched to meet those goals. He also serves on the advisory board of Beyond Net Zero, a climate finance fund. This will be especially difficult for the World Bank's top shareholder, the United States, due to political brawling between the Biden administration and the Republican-majority House of Representatives. The House has major sway over the country's purse strings and its leaders are not disposed to widen the World Bank's role in fighting climate change. In fiscal 2022, the World Bank committed more than $104 billion to projects around the globe, according to the bank's annual report.
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