IMF maintains China growth target of about 5% in 2023

IMF maintains China growth target of about 5% in 2023

This photo shows a scene from the International Monetary Fund's headquarters in Washington on April 13, 2023.

On Thursday, the International Monetary Fund said it maintains its expectations that China will achieve its growth target of approximately 5 percent in 2023.

IMF spokeswoman Julie Kozack said at a press briefing in response to a question from Xinhua.

Detailed projections will be provided in the World Economic Outlook, set for release on Oct. 9 through Oct 15 at the 2023 World Bank-IMF annual meetings in Marrakech, Morocco.

The World Bank Group and the IMF have announced earlier this month that they have agreed to proceed with holding the 2023 annual meetings in Morocco after thoroughly assessing Marrakech's capacity to host the meetings following a devastating earthquake in the North African country.

The IMF Executive Board approved Thursday an 18-month loan for Morocco under the resilience and sustainability Facility, equivalent to about $1.32 billion, to help Morocco address climate vulnerabilities, strengthen preparedness for natural disasters and stimulate financing for sustainable development.