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G-24

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. It consists of the following countries from each of the three regions: Africa; Latin America and the Caribbean, and Asia. The G-24 operates at two levels:  the political level of Ministers of Finance / Central Bank Governors; and the level of officials designated as the Deputies. 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.  Discussions on issues are carried by the Deputies and culminate at the Ministerial level by the approval of a document that sets out the consensus views of member countries on issues of special interest to the members. The Ministerial document is released as a public Communiqué at a press conference held at the end of the meetings. Decision-making within the G-24 is by consensus.

The Voice and Representation of Developing Countries
On 21 April, in preparation for the World Bank and International Monetary Fund Spring Meetings, the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development released a Ministerial Communiqué outlining developing country views on global economic prospects, the millennium development goals, the IMF's medium-term strategy, the voice and representation of developing countries; and clean energy, climate change, and development.

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