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

On the sidelines of the ongoing IMF World Bank Spring Meeting in Washington D.C., Nigeria, alongside other G24 nations, engaged in discussions focused on addressing rising debt vulnerabilities and enhancing debt resolution frameworks. The meeting was chaired by Nigeria's Minister of Finance and Coordinating Minister of the Economy, Wale Edun.

The G24 group emphasized the need for collective advocacy on central development issues affecting emerging economies, particularly in light of multiple overlapping shocks such as geopolitical tensions and tighter financial conditions. The discussions highlighted priorities including strengthening global economic resilience, enhancing the international financial architecture, expanding IMF quotas, and improving access to adequate development finance.

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