News
Edun says developing nations need more from IMF, World Bank
Nigerian Finance Minister and Chair of the G-24 coalition of developing countries, Wale Edun, said multilateral institutions should do more to support vulnerable countries weather the economic shocks of the war in the Middle East.
“We would like them to do more, we definitely like them to provide, particularly at this time, additional liquidity risk management tools that bring down the cost of financing,” Edun said during a briefing of the G-24 during the IMF/ World Bank Spring meetings in Washington.
The G-24 aims to coordinate the positions of developing countries on monetary and development finance issues.
Edun said that given cuts to development assistance and international aid, and the cost of repaying debts, the net financial flows to developing economies are currently negative.
-
News1 day agoPwC, EY jointly command an estimated 35.9% of Nigeria’s corporate audit market in 2025`
-
News1 day agoFlutterwave makes CNBC, Statista’s World’s top fintech companies list
-
Oil and Gas1 day agoInternal documents show Shell’s role in oil theft, environmental damage across Niger Delta
-
Oil and Gas1 day agoOil jumps 7% on escalating Middle East airstrikes
-
Economy1 day agoAtiku raises alarm over Nigeria’s N12.62tr debt profile
-
Economy10 hours ago72% of world trade still operates under WTO— Okonjo-Iweala
-
News10 hours agoNortheast Development Commission distributes 10,000 e-vehicles to beneficiaries
-
News10 hours agoWike seeks N400bn to complete Abuja millennium tower