The following quote, from IMAL director Iskander Erzini Vernoit, appeared in the Associated Press in a news article marking the start of the 2023 Annual Meetings of the World Bank and IMF, held in Marrakech, Morocco.
“It’s a time of multiple crises, particularly for Arab and African countries who’ve been hit by various exogenous shocks not of their making,” said Iskander Erzini Vernoit, director of the Morocco-based Imal Initiative for Climate and Development. “There’s this massive financing gap on the order of trillions for developing countries and also the key question of how affordable the financing can be.”