Global Shocks: Edun warns against subsidy return, seeks cheaper financing

Finance Minister Olawale Edun warned against a return to subsidy regimes during a G-24 press briefing, highlighting that developing countries are paying more in debt servicing than they receive in external support. He urged central banks to balance monetary policy to avoid economic damage. Edun also emphasized the need to preserve reforms and focus on targeted interventions to assist the most vulnerable amid rising prices.