Nigeria Strengthens Global Advocacy Ties at G24 Meeting During IMF and World Bank Spring Summits

Finance Minister Wale Edun joins G24 leaders in Washington to advocate for IMF reforms and improved debt resolution for developing economies amid global shocks.

By: AXL Media

Published: Apr 15, 2026, 6:22 AM EDT

Source: Information for this report was sourced from Leadership

Advocacy Amid Global Economic Shocks

Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, has stated that Nigeria will deepen its collaboration with the Intergovernmental Group of 24 (G24) to amplify the voice of emerging markets. Speaking at a high-level meeting during the International Monetary Fund (IMF) and World Bank Group Spring Meetings in Washington on Tuesday, April 14, 2026, Edun noted that the global economy is currently navigating a "critical moment." He pointed to a series of overlapping challenges—including geopolitical instability and tighter financial conditions—that continue to disproportionately affect developing nations.

Reform of the International Financial Architecture

A primary focus of the discussions involved the structural reform of global financial institutions. Edun emphasized that Nigeria and its G24 partners are advocating for significant IMF quota and governance reforms to ensure fairer representation. The goal is to create an international financial architecture that provides emerging economies with more predictable and adequate development financing. By pushing for these changes, the G24 aims to mitigate the "climate-related vulnerabilities" and fiscal pressures that have stifled long-term growth in the Global South.

Addressing Debt and Financial Resilience

The Minister highlighted the urgent need for improved debt resolution frameworks. With many developing countries facing rising debt vulnerabilities, the G24 is seeking more effective global mechanisms to manage and resolve financial obligations without sacrificing national development. Edun noted that the discussions focused on strengthening global resilience, ensuring that persistent shocks do not lead to prolonged economic stagnation. The group is also prioritizing job creation and long-term structural transformation as key pillars for inclusive growth in 2026.