Oil prices, which had soared as high as $111 per barrel, fell to $89 on Friday.
They noted that in one month, over $100 billion has been extracted from people through rising energy costs.
Mr Edun stated this at the African Finance Ministers’ briefing, during the IMF/World Bank Annual Meetings, on Thursday in Washington.
She advised policymakers to prioritise macroeconomic and financial stability in the short term.
According to Mr Edun, Nigeria’s ongoing reforms are strengthening economic fundamentals.
Israeli and Lebanese representatives met on Tuesday in Washington for the first time since 1983 for direct political-level talks.
The IMF’s economic counsellor and director of research, Pierre-Olivier Gourinchas, said this at the ongoing IMF/World Bank Spring Meetings in Washington, D.C. on Tuesday.
Switzerland has temporarily closed its embassy in Tehran because of an “increasing security risk”, authorities said late on Wednesday.
The Iranians are billed to play all their three group stage matches across different venues in the U.S.
Russia and China’s restraint reflected a cold calculation, analysts stated, noting that intervening as Iran faces Israel and the U.S. would bring unpredictable risks.
