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ONE Campaign to World Bank: Prioritise reforms for sustainable finance in African countries

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ONE Campaign to World Bank: Prioritise reforms for sustainable finance in African countries | TheCable

Stanley Achonu, Nigeria’s country director at ONE Campaign, has called on the World Bank to implement critical reforms to enhance access to sustainable finance by vulnerable countries in Africa.

“The financing needs of these nations to address global challenges remain substantial. However, the current global conditions are uncertain, making securing development financing difficult and costly.“If not urgently addressed, the rising costs of debt faced by these vulnerable countries will continue to consume their budgets, hampering investments in human capital development and potentially pushing more people into extreme poverty.

“Introducing innovative approaches to obtain these resources will catalyse global advancement. Urgent leadership in these reforms by the World Bank president is imperative.”

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