Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, will lead the country’s delegation to the 2025 World Bank and International Monetary Fund (IMF) Annual Meetings scheduled to begin on Monday, October 13, in Washington DC, United States.
Mr. Cardoso, who serves as Nigeria’s Alternate Governor at the Bretton Woods institutions, is stepping in for the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, who is currently indisposed.
The Nigerian delegation will also include the Minister of State for Finance, Dr. Doris Uzoka-Anite, along with senior officials from the Central Bank, the Ministry of Finance, and other relevant agencies.
According to information released by the World Bank Group, the Annual Meetings will bring together finance ministers, central bank governors, development partners, and private sector leaders to discuss pressing global economic challenges and opportunities.
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Key highlights of this year’s sessions include the Development Committee Plenary on October 16 and the International Monetary and Financial Committee (IMFC) meeting on October 17, where major discussions will center on global economic recovery, inflation management, debt sustainability, and support for developing economies.
The meetings will also feature a range of regional briefings, press conferences, and policy forums addressing international development, climate finance, poverty reduction, and financial market stability.
Nigeria’s participation is expected to focus on strengthening macroeconomic stability, attracting foreign investment, and engaging development partners on financing options to support ongoing fiscal and monetary reforms.
Observers note that Mr. Cardoso’s leadership at the meetings comes at a critical time for Nigeria’s economy, as the government continues to implement reforms aimed at stabilizing the naira, reducing inflation, and promoting inclusive growth.
Since assuming office, the CBN Governor has spearheaded a series of monetary policy adjustments, including tightening measures to curb inflation and restore confidence in the foreign exchange market. His presence in Washington is expected to reinforce Nigeria’s commitment to transparency, fiscal discipline, and international economic cooperation.
In recent years, the World Bank-IMF Annual Meetings have provided a key platform for Nigeria to advocate for fairer global financing frameworks, debt restructuring mechanisms for developing countries, and increased support for infrastructure and social investment.
Discussions from the Washington meetings are expected to shape policy directions for emerging economies, particularly in Africa, as nations grapple with the lingering effects of global inflation, geopolitical tensions, and climate-related shocks.
The 2025 Annual Meetings are being hosted at the World Bank and IMF headquarters in Washington DC and will run through the week with participation from over 180 member countries. Outcomes from the plenary sessions and committee engagements will guide multilateral economic cooperation and financial stability strategies in the months ahead.