G-24 Warns Developing Nations Pay $500bn More for Debt Than Rich Countries
G-24 chair Taiwo Oyedele said developing countries pay about $500 billion more for debt than developed economies, urging cheaper IMF and World Bank financing.
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G-24 chair Taiwo Oyedele said developing countries pay about $500 billion more for debt than developed economies, urging cheaper IMF and World Bank financing.

The World Bank Group says it is helping to mobilise up to $5.79 billion in private financing for Nigeria in 2026, a push projected to support about 850,000 direct and indirect jobs.
The development lender says its 2026 interventions combine credit, guarantees and investment to draw commercial funding into agriculture, finance and job creation.
The economy expanded faster in the first half of 2026 and retained a current-account surplus, but the development lender says stronger public revenue must translate into services and jobs.
The latest projection is an improvement on the 4.0 percent growth recorded in 2025, with the multilateral lender expecting Nigeria’s...
The six-year programme targets one million smallholders and aims to mobilise another $220 million from agribusinesses.