Wale Edun, minister of finance, says swift economic reforms are key to recovering from post-COVID-19 effects.
Wale Edun, minister of finance and coordinating minister of the economy, says swift economic reforms are key to recovering from post-COVID-19 effects.
“The reality is that the global economy has not quite recovered from the COVID-19 shock and subsequent shocks, which we are all aware of,” he said.“But the American economy has gone back to pre-COVID levels and has grown about 8 percent over the last four years, whereas the other rich countries and some emerging countries have grown by less than that.
“And that voice has been heard where we hear now about a bigger, a better and a more efficient World Bank and we look forward to that because it means amongst other things, a shortage or a shortening of the period of processing of loans and project financing by the World Bank,” he said.
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