Nigeria Leads G24 Talks on Debt Vulnerabilities in D.C.

During the IMF World Bank Spring Meeting in Washington D.C. on Thursday, Nigeria's Minister of Finance and Coordinating Minister of the Economy, Wale Edun, chaired a meeting of the G24 nations. The discussions focused on addressing the rising debt vulnerabilities faced by emerging market and developing economies, which are currently experiencing multiple overlapping shocks, including geopolitical tensions and tighter financial conditions.

The G24 statement highlighted the importance of strengthening global economic resilience, enhancing the international financial architecture, expanding IMF quotas, and improving access to predictable development finance. The meeting also aimed to support job creation and long-term structural transformation while reinforcing multilateral cooperation among the IMF, World Bank, and international partners.

Nigeria reaffirmed its commitment to fostering consensus and amplifying the voices of developing countries to advance a fair and inclusive global financial system that supports sustainable development.