Morocco Prepares to Host World Bank-IMF Meetings Amidst Earthquake Aftermath
Morocco’s unwavering commitment to hosting the World Bank-IMF meetings in the wake of a devastating earthquake demonstrates remarkable resilience and dedication. With over 12,000 participants expected to attend, the country has spared no effort in preparing a world-class venue spanning 50 hectares. The earthquake’s impact assessment is underway to ensure that affected areas are rebuilt in a resilient and sustainable manner. Despite the tragic event, Moroccan officials emphasize that the designated venue remains untouched and fully operational. Marrakesh, the host city, is ready to showcase its achievements and reforms to a global audience, providing a vital platform for African nations to advocate for their long-term growth.
Turnover surges as funds rush to exit private equity stakes
Private equity holdings are being sold at a record clip in an opaque secondary market, investors say, as asset managers cash out to cover losses elsewhere and rebalance portfolios.
Analysis: Banks’ snubbing of junk-rated loan funds worsens financing logjam
A decision by banks to change how they invest spare capital is limiting their ability to extend loans to companies with weak balance sheets during the financial market downturn, fund managers and investors said.
