Cardoso calls for more investments, climate initiatives for Africa

The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has concluded his participation in the high-level Bretton Woods at 80 Forum, where he represented Africa’s interests on the global financial stage while calling for more investments and climate initiatives for the continent. The forum, organised by the International Monetary Fund (IMF) and World […]

The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has concluded his participation in the high-level Bretton Woods at 80 Forum, where he represented Africa’s interests on the global financial stage while calling for more investments and climate initiatives for the continent.

The forum, organised by the International Monetary Fund (IMF) and World Bank Group (WBG), brought together a select group of global leaders at the historic Bretton Woods, New Hampshire, to mark the 80th anniversary of the original conference that established the post-war global financial system.

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Cardoso’s participation highlights Nigeria’s and Africa’s growing influence in international economic dialogue while calling for dialogue to “address issues such as investment, inclusive growth, climate resilience, and the evolving role of multilateral financial institutions in a rapidly changing world.”

The group engaged in deep-dive sessions critically examining real-world successes and challenges for the IMF and World Bank, brainstorming and developing actionable strategies, and focusing on how these institutions can evolve to tackle pressing issues like sustainable development, financial inclusion, and climate resilience to ensure they are equipped to meet the demands of today and the future, a statement by the CBN yesterday revealed.