The International Monetary Fund (IMF) On Saturday declared that its member nations had reached a consensus to enhance their contributions to the global financial institution.
The decision was made to allocate a third seat on the executive board specifically for sub-Saharan Africa.
These groundbreaking developments transpired during the IMF and World Bank’s inaugural meetings on the African continent in 1973.
The discussions held in Marrakech, the Moroccan capital, prioritized the augmentation of the IMF’s quota resources and the empowerment of Africa’s representation within the organization.
