![Clinging To Hope The World's Financial Leaders Are Far Too Sanguine About Growing Crises](https://cdn.magzter.com/1588175106/1697433354/articles/zfPgR3Nxr1697440103956/Israel-Palestine-War.jpg)
So it was with a degree of trepidation that finance ministers, development ministers and central bank governors from around the world gathered in Marrakech last week for the annual meetings of the International Monetary Fund (IMF) and the World Bank.
Nobody needed reminding of what happened half a century ago.
Publicly, the line from the gathering in the Moroccan city is that it is too early to say how big a risk the war between Israel and Hamas poses to an already fragile global economy, but the warning signs are clearly there.
The IMF is clinging to the hope of a soft landing for the world economy in which activity slows but doesn't collapse under the weight of the sharpest rise in interest rates in decades. Nor does it think there is much chance of asset prices taking a tumble if interest rates stay higher for longer, as recommended by the IMF.
That seems far too sanguine an assessment, but is indicative of the complacency that permeated last week's events. To be fair, there were some modest achievements.
There was an acceptance that the IMF needs additional financial firepower. There was progress on a debt relief deal for Zambia. The new World Bank president, Ajay Banga, outlined his vision for a "bigger, bolder, better" bank.
But there was no real sense of urgency. "The bar for the meetings was set low," said Michael Jacobs, a fellow at the Overseas Development Institute thinktank.
この記事は The Guardian の October 16, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は The Guardian の October 16, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
![Brave, brilliant Cavendish is cycling's miracle man](https://reseuro.magzter.com/100x125/articles/21665/1754514/00xx8iyoC1720072837642/BRAVE-BRILLIANT-CAVENDISH-IS-CYCLINGS-MIRACLE-MAN.jpg)
Brave, brilliant Cavendish is cycling's miracle man
The Manx Missile has seen sprint rivals come and go in a career that can now achieve further records of longevity
![Osaka looks to New York but Gauff happy in SW19](https://reseuro.magzter.com/100x125/articles/21665/1754514/fwid92AGz1720072695187/OSAKA-LOOKS-TO-NEW-YORK-BUT-GAUFF-HAPPY-IN-SW19.jpg)
Osaka looks to New York but Gauff happy in SW19
Osaka disappointed by 6-4, 6-1 Navarro loss but is eager to start the hard-court season
!['It brings West Indians together': locals bring noise to Test warm-up](https://reseuro.magzter.com/100x125/articles/21665/1754514/cC74_t0In1720072528716/IT-BRINGS-WEST-INDIANS-TOGETHER-LOCALS-BRING-NOISE-TO-TEST-WARMUP.jpg)
'It brings West Indians together': locals bring noise to Test warm-up
Fans in south-east London get a glimpse of players who may face England next week
![Antisocial media Throwaway hits of online hate are hard to avoid for today's young players](https://reseuro.magzter.com/100x125/articles/21665/1754514/hOhY7U7Ud1720072388420/ANTISOCIAL-MEDIA-THROWAWAY-HITS-OF-ONLINE-HATE-ARE-HARD-TO-AVOID-FOR-TODAYS-YOUNG-PLAYERS.jpg)
Antisocial media Throwaway hits of online hate are hard to avoid for today's young players
Umberto Eco made a provocative statement about social media when receiving an honorary degree in Turin in 2015: it \"gives legions of idiots the right to speak when they once only spoke at a bar after a glass of wine, without harming the community.
![Starmer must act immediately on workers' rights - union chief](https://reseuro.magzter.com/100x125/articles/21665/1754514/Mds9ltfOr1720072304396/STARMER-MUST-ACT-IMMEDIATELY-ON-WORKERS-RIGHTS-UNION-CHIEF.jpg)
Starmer must act immediately on workers' rights - union chief
Labour's post-election honeymoon will be short-lived unless it takes immediate action to deliver on workers' rights and brings a swift end to 14 years of public sector pay restraint, the president of the TUC has said.
!['It's irrelevant' Allowing a reformist to run fails to stop fall in turnout by Iran's voters](https://reseuro.magzter.com/100x125/articles/21665/1754514/IbDcKNZ2q1720072193014/ITS-IRRELEVANT-ALLOWING-A-REFORMIST-TO-RUN-FAILS-TO-STOP-FALL-IN-TURNOUT-BY-IRANS-VOTERS.jpg)
'It's irrelevant' Allowing a reformist to run fails to stop fall in turnout by Iran's voters
If Tehran is holding its breath, it is not because of political tensions but the smog that envelops the traffic-clogged capital in summertime.
![Israel-Gaza Uncommitted voters urging US arms embargo gain influence](https://reseuro.magzter.com/100x125/articles/21665/1754514/tf9Mfe3q_1720072100605/ISRAELGAZA-UNCOMMITTED-VOTERS-URGING-US-ARMS-EMBARGO-GAIN-INFLUENCE.jpg)
Israel-Gaza Uncommitted voters urging US arms embargo gain influence
After Joe Biden's poor debate performance and calls by some prominent Democrats to replace him, the hundreds of thousands of anti-war voters and the delegates who represent them have taken on new significance in the US presidential race.
![Capt Tom's daughter disqualified from charity trustee roles](https://reseuro.magzter.com/100x125/articles/21665/1754514/cshekncGv1720071995302/CAPT-TOMS-DAUGHTER-DISQUALIFIED-FROM-CHARITY-TRUSTEE-ROLES.jpg)
Capt Tom's daughter disqualified from charity trustee roles
Captain Sir Tom Moore's daughter, Hannah Ingram-Moore, and her husband, Colin, have been disqualified from being charity trustees amid an investigation into the foundation set up in his name, the family has said.
![Ballet review An eclectic Cuban take on tragedy of Carmen](https://reseuro.magzter.com/100x125/articles/21665/1754514/r6L-gVx5X1720071931478/BALLET-REVIEW-AN-ECLECTIC-CUBAN-TAKE-ON-TRAGEDY-OF-CARMEN.jpg)
Ballet review An eclectic Cuban take on tragedy of Carmen
The problem is, Don José, she's just not that into you. Sure, she loves it when you spin her in multiple pirouettes, or sweep her over your shoulder, but for this Carmen (Laura Rodríguez) it's never more than in-the-moment fun; she's all spirit and impulse and impressively carefree dancing.
![The top crops Female players push boundaries at Wimbledon](https://reseuro.magzter.com/100x125/articles/21665/1754514/kyVYbdyWI1720071839367/THE-TOP-CROPS-FEMALE-PLAYERS-PUSH-BOUNDARIES-AT-WIMBLEDON.jpg)
The top crops Female players push boundaries at Wimbledon
Forget stuffy traditions, Wimbledon's female tennis players have been pushing the boundaries this year with their imaginative on-court outfits.