IMF/W’Bank meetings: Edun to lead FG delegation, canvass support for Nigeria

As the world faces a host of intertwined challenges- from climate change, pandemics, fragility, geo-political tensions, to debt distress- leaders of fiscal and Monetary Authorities are gathered in Washington DC for the annual meeting to discuss the impact, speed, scale and efficiency of measures to arrest the situation.

The 2024 Annual Meetings will take place in Washington, D.C. from Monday, October 21 to Saturday, October 26, with the main ministerial meetings and events taking place between October 22-25.

Leader of Nigerian delegation, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, is expected to push for global support for Nigeria’s economic reforms

The Minister is also headlining a flagship event titled: Women Transforming the World, to be hosted by the World Bank President, Ajay Banga.

He will also be leading the African caucus’ effort at mainstreaming the concerted call for strengthening Africa’s resilience to surmount the multi-faceted challenges facing the continent.

He is quoted as saying, Countries’ domestic adjustment policy efforts and structural reform agendas stand to yield better outcomes if accompanied by access to adequate and affordable financing.

The Central Bank of Nigeria (CBN) would also be hosting an event on the sideline titled, Strengthening ties with Nigerians Abroad: A conversation with Yemi Cardoso, Governor, CBN.

The event is expected to detail the apex bank’s bold reforms and how the Diasporans can key into it, especially in the renewed bid to attract more remittances.

The IMF analytical corner will also be a regular feature with themes such as, the Clock is ticking: Meeting Sub-Saharan Africa’s Urgent Job Creation Challenge’; How Do Governance Reforms Promote Economic Growth and Social Inclusion*; Harnessing Renewables in Sub-Saharan Africa: Barriers to Reforms and Economic Prospects.

The IMF would also launch the World Economic Outlook and Global Financial Stability Reports respectfully.