Finance minister, CBN governor for IMF’s economic talks

Nigeria finance minister Zainab Ahmed and the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, will join other economic experts to discuss issues affecting global economy.

The discussions would take place on the platform of the World Bank Group and the International Monetary Fund (IMF).

The 2018 Annual Meetings of the IMF and the World Bank would bring together central bank governors, ministers of finance, parliamentarians, private sector executives, representatives from civil society organisations and the academia.

The experts will discuss issues of global concern, including the world economic outlook, poverty eradication,
economic development and aid effectiveness.

The meeting would also feature seminars, regional briefings, press conferences and many other events with focus
on global economy, international development and the world’s financial system.

The meetings will hold between Oct. 8 and 14, 2018.

Nigeria attends the meeting each year because of the quantum of investments and technical assistance it
receives from both the IMF and the World Bank.

Although Nigeria currently has zero loans with the IMF, it enjoys technical support from the organisation.

The World Bank Group on the other hand is helping to fight poverty and improve living standards in the country
through 33 Core Knowledge Product Reports and 29 ongoing National and Regional projects.

This is in addition to about 60 Trust Funds.

The World Bank Group since 1958 supported Nigeria with loans and International Development Association (IDA)
credits worth about 14.2 billion dollars.

The group in 2017 fiscal year alone committed 1.51 billion dollars to the country and has so far in 2018 committed 2.58 billion dollars on different development projects across the country.

Some of the projects include accelerating nutrition results, polio eradication, Nigeria electrification projects,
promoting fiscal transparency and accountability in states.