IMF expects China to achieve 5% growth target in 2023

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IMF expects China to achieve 5% growth target in 2023

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

The International Monetary Fund said in a statement that it expects China to achieve its growth target of approximately 5 percent in 2023.

The IMF spoke in response to a question from Xinhua, said IMF President Julie Kozack.

In the World Economic Outlook, Detailed projections will be provided from 9 October to 15 in the World Bank-IMF annual meetings in Marrakech, Morocco.

The World Bank Group and the IMF have announced that they have agreed to proceed with holding the 2023 annual meetings in Morocco, following 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 to 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.