G-24 Intergovernmental Group of Twenty Four
http://www.imf.org/external/np/cm/2011/092211.htm http://www.g24.org/The Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development (G-24) was established in 1971. The purpose of the group is to coordinate the position of developingcountries on monetary and development issues, particularly issues on the agendas of the InternationalMonetary and Financial Committee (IMFC) and the Development Committee (DC), and to ensureincreased representation and participation of developing countries in negotiations on the reform of theinternational monetary system.
How does the G-24 operate?
The G-24 operates at two levels:a.the political level, comprised of Ministers, their Deputies, the Bureau, and other Washington- based representatives who participate in the Committee of the Whole and in any ad hoc meetings;and b.the operational level, which is run by the G24 Liaison Office, and includes the G24 Secretariatand the Research Coordinator.The governing body of the G-24 meets twice a year, preceding the Spring and Fall meetings of theInternational Monetary and Financial Committee and the Joint Development Committee of the WorldBank and the International Monetary Fund. The plenary G-24 meetings are addressed by the heads of
as well as by senior officials of
.Issues are firstdiscussed by the Deputies and culminate at the Ministerial level by the approval of a document that setsout the consensus views of member countries. The Ministerial document is released as a publicCommuniqué at a press conference held at the end of the meetings. Decision-making within the G-24 is by consensus.