Global Uncertainty Drives Call for Stronger Multilateral Support at G24 Ministerial
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, led the Intergovernmental Group of Twenty-Four (G24) Ministerial Meeting on the sidelines of the World Bank Group Spring Meetings, amid rising global economic uncertainty.
Discussions centred on the impact of escalating geopolitical tensions, particularly the Middle East conflict, which continues to disrupt energy markets, drive inflation, and weaken global growth prospects.
Under Nigeria’s leadership, the G24 advanced a coordinated position calling for stronger multilateral support, including increased concessional financing, faster debt restructuring, and more effective crisis-response tools from the International Monetary Fund and the World Bank Group.
The move reflects a clear priority to protect vulnerable economies, stabilise global markets, and ensure developing countries are better positioned to sustain growth amid external shocks.
