By Danlami Nmodu
The G24 will hold this year’s conference in Nigeria’s Federal Capital Territory Abuja. It is scheduled to be held at Transcorp Hilton from 18th to 20th of February.
This was disclosed by Dr Iyabo Masha, Africa Director and one of the organisers, at a press conference Saturday in Abuja.She said Nigeria is the Chair of this year’s G24 conference which will be hosted by the Federal Ministry of Finance and the Central Bank of Nigeria, CBN.
According to Dr Masha, five panels have been slated to examine critical issues during this year’s conference.They include a session on the Bretton Woods and related issues; another one on domestic resource management and taxation of digital services such as the activities of Google and others; as well as a session on climate change and energy transition.
Also slated is a panel on financial inclusion and monetary stability, and finally, one on regional trade and regional integration.Dr Masha also said participants include globally recognised names.
The G24 was formed about 54 years ago at a very challenging times with issues similar to those the world is facing now: including problems of financial architecture, trade tariff policies among others affecting the global south.
And given the fact that it is a Dollar world, the G24 has been regularly exploring how to make the United States become cognisant of the challenges, and the fact that developing countries need more finances.There have been continuous engagements on such and many related issues: he group pays attention to the issue of international tax copperation. It also examines the issue of illicit financial flows among others.
The G24 is based in Washington DC. It usually holds ministerial level meetings on the sidelines of the World Bank conference.The G24 usually strategizes on what position to take on issues resulting from World Bank/IMF meetings.