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Group of 24 (G24)
Headquarters: Washington DC - USA
Area(s) of Focus:
The Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development (G-24) was established in 1971. Its main objective is to concert the position of developing countries on monetary and development finance issues. The inaugural meeting of the Group was convened in Caracas, Venezuela on 5-7 April 1972.
The G-24 meets twice a year, preceding the Spring and Fall meetings of the International Monetary and Financial Committee (IMFC) and the Joint Development Committee of the World Bank and the International Monetary Fund. The plenary G-24 meetings are addressed by the heads of the IMF and the World Bank Group as well as by senior officials of the UN system.