The Group of 24 (G24), a chapter of the G-77, was established in 1971 to coordinate the positions of developing countries on international monetary and development finance issues and to ensure that their interests were adequately represented in negotiations on international monetary matters. The Group of 77 at the United Nations is a loose coalition of developing nations, designed to promote its members collective economic interests and create an enhanced joint negotiating capacity in the United Nations. ... 1971 is a common year starting on Friday (click for link to calendar). ... A developing country is a country with a low income average, a relatively backwards infrastructure and a poor human development index when compared to the global norm. ...
The group, which is officially called the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development, is not an organ of the IMF, but the IMF provides secretariat services for the Group. Its meetings usually take place twice a year, prior to the IMFC and Development Committee meetings, to enable developing country members to discuss agenda items beforehand. Although membership in the G-24 is strictly limited to 24 countries, any member of the G-77 can join discussions. China has been a "special invitee" since the Gabon meetings of 1981. Mr. Paul Toungui, Minister of Finance, Budget and Privatization of Gabon, is the current chairman of the G-24. The flag of the International Monetary Fund (IMF) The International Monetary Fund (IMF) is the international organization entrusted with overseeing global financial system‘s current trade account balances of member states. ... 1981 is a common year starting on Thursday of the Gregorian calendar. ...
The Chairman of the Group of 77 made his address at the opening ceremony of meeting of the Ministers of the Intergovernmental Group of 24 on International Monetary Affairs held on 19 April 2002 at the IMF/World Bank headquarters in Washington, D.C., which was chaired by Nigeria.
The Group of 24 is the counterpart of the G-77 in the Bretton Woods institutions.
In his address to the Group of 24, the Chairman of the Group of 77 thanked all the members of the Group of 24 for their expressions of support and solidarity with the people and Government of Venezuela.
The meeting of the Ministers was preceded on April 25, 1999 by the seventy-third meeting of the Deputies of the Group of Twenty-Four, with Mr.
In view of the importance of the subject for the Group and the Bretton Woods institutions, Ministers urge joint collaboration by the UN and the Bretton Woods institutions to ensure the success of the initiative.
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