The IMF member states have agreed to increase their contributions and give Africa a third seat on its Executive Board. The annual meetings of the IMF and World Bank in Morocco aimed to boost inclusive and sustainable growth, address debt vulnerabilities, and support the fight against poverty and climate change. While the distribution of quotas currently favors advanced economies, there is a call for reform from major emerging countries such as China and India. The IMF has agreed to expand its Board to include an additional seat for Africa, marking the first time the meetings have been held on the continent since 1973.

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