Today’s meeting of the Intergovernmental Group of Twenty-Four (G24) on International Monetary Affairs and Development convenes at a critical moment for the global economy, as emerging markets and developing economies continue to face multiple and overlapping shocks, including geopolitical tensions, tighter financial conditions, and climate-related vulnerabilities.
As Chair of the G24, the Federal Republic of Nigeria has the honour of guiding today’s deliberations. Nigeria, under the leadership of the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun continues to work closely with member countries to strengthen collective advocacy on issues central to the development agenda of emerging and developing economies.
Today’s discussions focused on key priorities, including:
• Strengthening global economic resilience in the face of persistent shocks
• Enhancing the international financial architecture, including IMF quota and governance reforms
• Expanding access to adequate and predictable development financing
• Addressing rising debt vulnerabilities and improving debt resolution frameworks
• Supporting job creation, inclusive growth, and long-term structural transformation
• Reinforcing multilateral cooperation between the IMF, World Bank Group, and other international partners
Members reviewed recent global economic developments and exchange views on coordinated policy responses that can better support vulnerable economies.
The G24 Deputies have already engaged in substantive preparatory discussions, and their inputs are reflected in the issue notes and draft communiqué before members.
Nigeria, as Chair of the G24, reaffirms its commitment to fostering consensus, amplifying the voice of developing countries, and advancing a fair, inclusive, and effective global financial system that supports sustainable development for all.
Signed:
The Ministry
