During the Commonwealth Finance Ministers High-Level Working Group Meeting held in Washington D.C., finance ministers from several Commonwealth nations have urged for a comprehensive overhaul of the global financial architecture to improve the availability of development financing for countries that are vulnerable
They have also agreed to appoint India as the chair and Nigeria as the deputy chair of the Finance Ministers Working Group for a Commonwealth Call for Reform of the Global Financial Architecture. The ministers joint demand for reforms reflects their shared commitment to addressing the needs of developing countries and promoting global economic stability