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Finance

Ministers Focus On Sustainable Growth At World Bank Meeting

Deji Ogunsola
Last updated: February 8, 2024 6:01 pm
By Deji Ogunsola
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World Bank building
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Minister of Finance Economy, Wale Edun

The West and Central Africa Ministers of Finance met on Thursday, to discuss how to attain sustainable growth and development.

Briefing reporters after the meeting which took place with the World Bank Group in Abuja, Nigeria’s Minister of Finance Economy, Wale Edun, said the meeting also discussed major projects financing through concessional funding for the West and Central African countries and the poor countries in general.

Edun said; “This is focusing on the International Development Association (IDA). We are here to discuss the funding of electricity access, social safety needs, digitisation and the general issues that affect poor countries,” he added.

Similarly, the World Bank Managing Director of Operations, Mrs Anna Bjerde, while briefing reporters said the ministers also talked about the challenge of energy access.

“Energy access is an excellent example of what can be accomplished. It is also an issue that African leaders have prioritised since 2000, and access to energy has more than doubled across Africa.

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“Despite significant investment and progress at the current pace, close to 600 million Africans are likely to remain without electricity by 2030, with two thirds of those living in countries currently classified as protected” she added.

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Deji Ogunsola
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