The Governor of the Central Bank of Nigeria, Olayemi Cardoso has told the World Bank and International Monetary Fund to be more responsive in addressing the financial needs of African countries.
In a statement by CBN on Sunday, the apex bank boss disclosed this in his remarks while participating in the high-level Bretton Woods at 80 Forum.
He noted that international institutions must evolve to tackle pressing issues like sustainable development, financial inclusion, and climate resilience in the continent.
“Cardoso’s presence at this historic forum highlighted Nigeria’s and Africa’s growing influence in international economic discussions. His participation underscored his pivotal role as a representative of African interests, advocating for the continent’s financial needs and priorities in the global economic space.
The statement added that Cardoso’s participation in the Forum was crucial to the development of economies in Africa and Nigeria in particular.
“As the Bretton Woods institutions face calls for reform in the face of global challenges, Governor Cardoso’s role in the landmark forum ensured that African perspectives were strongly represented.
”The governor’s involvement was particularly crucial as developing economies, especially in Africa, seek greater participation and representation in the governance and decision-making processes of global financial institutions”.
