IMF clings to a hopeful agenda as crisis follows crisis

At the fund's annual meeting this week in Morocco, ambitions for climate and debt relief may be overwhelmed by events - again

Last week's turmoil in the global bond markets will be playing on the minds of finance ministers and central bank governors when they gather in Marrakech this week for the annual meetings of the International Monetary Fund and the World Bank.

After the triple shocks of the Covid pandemic, the war in Ukraine and the surge in inflation, the mood may be less febrile than it was a year ago, but few if any of those travelling to Morocco - which suffered a devastating earthquake last month - would dare say that the crisis era is over. Most will be wondering what might go wrong next.