The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, will lead the country’s delegation to the World Bank and International Monetary Fund Annual Meeting in Washington DC, which opens tomorrow, Monday, 13th October.
Mr Cardoso will step in for the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, according to a statement released on Sunday by the President’s Special Adviser on Information and Strategy, Mr Bayo Onanuga.
“Cardoso, as the alternate Governor, replaces the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, who is indisposed,” Mr Onanuga stated in the announcement.
The Nigerian delegation will also include the Minister of State for Finance, Mrs Doris Uzoka-Anete, who will participate in the high-level economic discussions scheduled throughout the week.
The annual gathering of the world’s leading financial institutions brings together finance ministers, central bank governors, economists, and development experts from member countries to discuss pressing global economic challenges and development priorities.
According to the World Bank, the meeting will feature several critical sessions, including the Development Committee Plenary on 16th October and the International Monetary and Financial Committee meetings on 17th October.
The programme will also include regional briefings, press conferences, and various forums examining international development issues, the global economy, and financial markets.
Nigeria’s participation in the annual meeting comes at a crucial time as the country continues to navigate economic reforms, including monetary policy adjustments aimed at stabilising the naira and managing inflation.
The meetings provide an opportunity for Nigeria to engage with international financial partners, discuss development financing options, and share perspectives on global economic governance.
Mr Cardoso, who assumed office as CBN governor in September 2023, has been implementing significant reforms in the country’s monetary policy framework, including measures to unify exchange rates and restore confidence in the financial system.
The World Bank-IMF Annual Meetings serve as a platform for member countries to deliberate on critical issues affecting the global economy, coordinate policy responses, and strengthen international financial cooperation.
