Marrakesh counter-summit: the final stretch

9 October 2023 by Collective , ATTAC/CADTM Morocco

The counter-summit to the annual meetings of the World Bank and the IMF in Marrakech begins on 12 October 2023.
We are publishing the programme of workshops to be held on 13 and 14 October 2023 from 9am to 1.30pm.
On 12 October, there will be an opening march at 10am and a plenary session at 4pm.
On 13 and 14 October each day, a plenary session at 4pm.
On 15/10 conclusions and a final plenary session.

It is the culmination of a collective and inclusive international process launched in January 2023. Six international online plenary assemblies have punctuated the democratic preparations for this global gathering. A joint appeal was elaborated and adopted. A multilingual website was created. Numerous preparatory meetings were held, mainly in sub-Saharan Africa, in the Arab region in general, and in Morocco in particular. The programme of activities was drawn up jointly.

More than 70 organizations and a dozen international networks have registered for workshops and are fully mobilized to ensure the success of the counter-summit.
In Africa and the Arab region, the mobilization is even greater, with over a hundred delegates from countries such as Palestine, Iraq, Tunisia, Egypt, West Africa, Central Africa, East Africa and South Africa, who have confirmed their participation in person and are informing others about the importance of this counter-summit.

The counter-summit will begin on 12 October, the date of the arrival in the Caribbean of Christopher Columbus and his expedition, which paved the way for the conquest, pillage and exploitation of the “American” continent by European imperialism from 1492 onwards. The counter-summit will end on 15 October, the date of the assassination of Thomas Sankara, President of Burkina Faso, who led the fight for the non-payment of illegitimate debts and for the unity of the peoples of Africa and the world.

With a popular opening march, 4 plenary conferences and 60 workshops out of the 84 registered at the outset, we want our counter-summit to be an opportunity for collective learning geared towards action. It’s a unique opportunity to exchange experiences of struggle and to bring together militant actions against the dictates of the multinationals, the imperialist powers and the financial institutions, including the WB World Bank
The World Bank was founded as part of the new international monetary system set up at Bretton Woods in 1944. Its capital is provided by member states’ contributions and loans on the international money markets. It financed public and private projects in Third World and East European countries.

It consists of several closely associated institutions, among which :

1. The International Bank for Reconstruction and Development (IBRD, 189 members in 2017), which provides loans in productive sectors such as farming or energy ;

2. The International Development Association (IDA, 159 members in 1997), which provides less advanced countries with long-term loans (35-40 years) at very low interest (1%) ;

3. The International Finance Corporation (IFC), which provides both loan and equity finance for business ventures in developing countries.

As Third World Debt gets worse, the World Bank (along with the IMF) tends to adopt a macro-economic perspective. For instance, it enforces adjustment policies that are intended to balance heavily indebted countries’ payments. The World Bank advises those countries that have to undergo the IMF’s therapy on such matters as how to reduce budget deficits, round up savings, enduce foreign investors to settle within their borders, or free prices and exchange rates.

and the IMF IMF
International Monetary Fund
Along with the World Bank, the IMF was founded on the day the Bretton Woods Agreements were signed. Its first mission was to support the new system of standard exchange rates.

When the Bretton Wood fixed rates system came to an end in 1971, the main function of the IMF became that of being both policeman and fireman for global capital: it acts as policeman when it enforces its Structural Adjustment Policies and as fireman when it steps in to help out governments in risk of defaulting on debt repayments.

As for the World Bank, a weighted voting system operates: depending on the amount paid as contribution by each member state. 85% of the votes is required to modify the IMF Charter (which means that the USA with 17,68% % of the votes has a de facto veto on any change).

The institution is dominated by five countries: the United States (16,74%), Japan (6,23%), Germany (5,81%), France (4,29%) and the UK (4,29%).
The other 183 member countries are divided into groups led by one country. The most important one (6,57% of the votes) is led by Belgium. The least important group of countries (1,55% of the votes) is led by Gabon and brings together African countries.

After an opening conference on 12 October, which will focus on the role of the World Bank and the IMF in exacerbating social and climate injustice, inequalities linked to the power of neo-colonialism and the exploitation of the working class, the programme of workshops on 13 October will concentrate on analysis to understand our world today, with its multidimensional and interconnected crises (social, food, economic, health, ecological, migratory, war and democratic). The programme for 14 October will focus on alternatives and mobilization.

The counter-summit will also be an opportunity to denounce the authoritarianism and escalating repression being carried out by various governments, particularly in the Arab region and in Morocco, and to call for the immediate release of all political prisoners.

Despite the organizational challenges, which have been exacerbated by the terrible earthquake that struck the Marrakech region and which primarily affected communities long marginalized by the regime, the national counter-summit collective and the organizing team are determined to go all the way to ensure the success of this magnificent international meeting.

Themes to be discussed include

- Debt as a tool of financial colonialism: how the global North continues to dominate the South with the complicity of the local ruling classes
- North Africa and the Middle East: where is the revolutionary process launched in 2011?
- News from Françafrique: fighting imperialism and oppressive regimes
- States and borders in Europe, women and borders in the world
- Palestine in 2023: a return to the roots of the conflict?
- The democratic crisis, the new authoritarianism and counter-strategies for emancipation
- What is the role of China today?
- From North to South, a history of debt movements: abolishing the illegitimate debts denounced by Thomas Sankara, Fidel Castro, etc.
- Global militarization: the hidden face of the capitalist economic regime
- The state of the movement
- The instruments of economic domination
- Unlearning Eurocentrism

The second day will focus on alternatives and our mobilization slogans:

- “Plan de sortie de crise”, emergency measures, etc. What programme and how do we get there?
- Feminist responses to debt
- Strategic discussion, exchange of information on mobilization at COP28 and beyond
- Roles and opportunities for social movements in Africa
- There is life without the IMF and the World Bank. What to replace them with?
- For tax justice and an end to tax evasion
- How can social movements in the North and South act in synergy to respond to the new geopolitical situation?

There is still time to subscribe to the international appeal:

To contact us, write to: imfwbmarrakech at
Come and join us in Marrakech.

Program of activities


member of the CADTM network, the Association pour la Taxation des Transactions en Aide aux Citoyens au Maroc (ATTAC Morocco) was founded in 2000. ATTAC Maroc has been a member of the international network of the Committee for the Cancellation of Third World Debt (CADTM) since 2006 (which became the Committee for the Abolition of Illegitimate Debts in June 2016). We have 11 local groups in Morocco. ATTAC aims to be a network that helps those involved in social, associative, trade union and more broadly militant activity to take ownership of the challenges of globalisation on issues of social and citizen resistance.

Address : n°140, rue Cadi Bribri Akkari 10000. Rabat. Maroc
Email : attac.cadtm.maroc at
Website Tel 00 212 6 61 17 30 39

Other articles in English by ATTAC/CADTM Morocco (39)



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