Edun to Promote Nigeria’s Reforms at World Bank and IMF Meetings
By Patience Ikpeme
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, will champion Nigeria’s economic reforms at the 2024 Annual Meetings of the World Bank and the International Monetary Fund (IMF) in Washington, D.C., from October 21 to 26, 2024.
Leading Nigeria’s delegation, Mr. Edun will focus on boosting economic resilience amidst ongoing structural reforms. He aims to secure greater international support for these efforts, emphasizing the need for accessible and affordable financing to maximize the benefits of Nigeria’s economic changes.
Beyond Nigeria, Mr. Edun will lead the African caucus in advocating for a unified strategy to strengthen the continent’s resilience against various challenges, including calls for increased financial support and policy alignment from global partners.
Mr. Edun will also headline the “Women Transforming the World” event, hosted by World Bank President Ajay Banga. This event will highlight the critical role women play in global development and initiatives aimed at promoting gender equality and economic empowerment.
In addition, the Central Bank of Nigeria (CBN) will host a session titled “Strengthening Ties with Nigerians Abroad: A Conversation with Yemi Cardoso, Governor, CBN,” which will focus on recent reforms and the diaspora’s role in increasing remittance inflows, a key source of foreign exchange for Nigeria.
The IMF will also feature analytical discussions, including “The Clock is Ticking: Meeting Sub-Saharan Africa’s Urgent Job Creation Challenge” and “Harnessing Renewables in Sub-Saharan Africa: Barriers to Reforms and Economic Prospects.”
Nigeria’s participation in these high-level discussions underscores the country’s commitment to securing global support for its crucial economic reforms, which are essential for inclusive growth and long-term stability.
