Nigeria will lead developing countries in pushing for reforms to global development financing and international financial institutions as finance ministers
Nigeria will lead developing countries in pushing for reforms to global development financing and international financial institutions as finance ministers and central bank governors from the Group of Twenty-Four (G-24) meet in Bangkok, Thailand, on Tuesday.
The meeting, to be chaired by Taiwo Oyedele, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, will focus on how developing economies can navigate growing global economic fragmentation and strengthen their influence in international financial decision-making.
Under the theme, “Navigating Global Economic Interdependence in a Fragmented World,” the G-24 meeting will examine global economic conditions, macroeconomic and financial stability, international liquidity, development financing and debt sustainability.
The group is also expected to outline its position on climate finance, international tax cooperation, the global trading system and the role of multilateralism in addressing economic challenges facing developing countries.
A key focus will be the G-24’s position on quota and governance reforms at the International Monetary Fund (IMF) and the World Bank Shareholding Review, issues that could shape the representation and influence of developing economies within the institutions.
The G-24, an intergovernmental forum established to coordinate developing countries’ positions on international monetary affairs and development finance, includes Nigeria, South Africa, Ghana, Kenya, Egypt and other countries across Africa, Asia, Latin America and the Caribbean. China is participating as a special invitee.
The group’s communiqué, scheduled for release before the press conference, will outline its position on the issues under discussion.
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The outcome will provide insight into the priorities developing countries intend to advance in international financial and development policy discussions during the IMF and World Bank Annual Meetings.
For Nigeria, the chairmanship offers a platform to contribute to discussions on the global financial architecture, development financing and the governance of multilateral institutions at a time when developing economies are seeking greater consideration of their interests in international economic decision-making.
The G-24 press conference is scheduled for 11:30 a.m. local time on Tuesday, October 13, at the Queen Sirikit National Convention Center in Bangkok.
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Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.