The International Monetary Fund (IMF) Director of Communication Department, Julie Kozack, made this known at the IMF Headquarters in Washington, DC during a news conference. She was speaking on the 2023 Annual Meetings in Marrakech, Morocco from Oct. 9 to Oct. 15.
“The region has been very much affected by the succession of shocks, the pandemic, the cost of living crisis, and food insecurity.
“In addition, the region has been affected, of course, by tightening global financial conditions, and that has led to what we are calling the funding squeeze.
