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G24 Urges IMF and World Bank to Expand Concessional Financing

By Drooid · Oct 13, 2026, 6:39 PM UTC · How we work

Summary

Story summary

Finance Minister Taiwo Oyedele said debt vulnerabilities block inclusive growth.
He noted developing nations incur $500 billion more debt costs than rich nations.
G24 urged the IMF and World Bank to expand affordable concessional financing.
G24 secretariat director Iyabo Masha warned AI could widen the digital divide for countries lacking electricity and data centers.

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Story summary

Finance Minister Taiwo Oyedele said debt vulnerabilities block inclusive growth.
He noted developing nations incur $500 billion more debt costs than rich nations.
G24 urged the IMF and World Bank to expand affordable concessional financing.
G24 secretariat director Iyabo Masha warned AI could widen the digital divide for countries lacking electricity and data centers.