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Nigeria’s Edun to chair G-24 talks as emerging economies seek financing reforms - BUSINESSDAY
Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely...
Washington DC || Olawale Edun, Nigeria’s minister of Finance and Coordinating minister of the Economy, will chair a key meeting of the Intergovernmental Group of Twenty-Four (G-24) during the IMF and World Bank Spring Meetings in Washington, D.C.
The G-24 meeting, scheduled for Tuesday, April 14, brings together finance ministers and central bank governors from emerging markets and developing economies to coordinate positions on global monetary and development finance issues.
This year’s discussions will focus on “Optimizing Resource Mobilization for Inclusive and Job-Rich Growth,” as policymakers grapple with tightening global financial conditions, rising debt pressures, and funding gaps for development.
A communiqué to be issued ahead of a press briefing is expected to outline the group’s stance on global economic conditions, financial stability, international liquidity, and debt sustainability. It will also address climate finance, international tax cooperation, trade dynamics, and the role of multilateral development banks in financing the Sustainable Development Goals.
Deliberations are also set to cover reforms at the International Monetary Fund, including quota and governance changes, as well as ongoing discussions around the World Bank’s Evolution Roadmap.
The G-24, which represents countries across Africa, Latin America, the Caribbean, and Asia, serves as a platform for developing economies to amplify their voice in global economic governance.
The meeting takes place on the sidelines of the IMF-World Bank Spring Meetings, from April 13 to 18 in Washington, where policymakers, investors, and development institutions are assessing the outlook for the global economy and financial system.
