Group Of 24 - G-24

The G-24 is a group of twenty-four countries that was established in 1971. Its goal is to work together to coordinate the positions of developing countries on international monetary and development finance issues. The G-24 countries also work together to ensure that their interests were adequately represented in negotiations on international monetary matters. G-24 is a chapter of the Group of 77 (G-77). The G-77 is the largest intergovernmental group of developing states in the United Nations (UN).

G-24 Membership is strictly limited to 24 countries, but any member of the G-77 can join discussions. China has been a "special invitee" since 1981. While it is not an organ of the International Monetary Fund, the International Monetary Fund provides services for the Group. Meetings of the G-24 are attended by heads of the World Bank Group, the International Monetary Fund, and senior UN officials. The group meets two times per year.