Group Of 24 - G-24

AAA

DEFINITION of 'Group Of 24 - G-24'

Twenty-four countries established in 1971 to work together 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. G-24 is a chapter of the Group of 77 (G-77), the largest intergovernmental group of developing states in the United Nations.



INVESTOPEDIA EXPLAINS 'Group Of 24 - 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 IMF, the IMF provides secretariat services for the Group.



RELATED TERMS
  1. Emerging Market Fund

    A mutual fund or exchange-traded fund that invests the majority ...
  2. World Trade Organization - WTO

    An international organization dealing with the global rules of ...
  3. International Monetary Fund - IMF

    An international organization created for the purpose of: 1. ...
  4. Federal Reserve Board - FRB

    The governing body of the Federal Reserve System. The seven members ...
  5. Social Responsibility

    The idea that companies should embrace its social responsibilities ...
  6. Group of Ten - G10

    Eleven industrialized nations that meet on an annual basis to ...
Related Articles
  1. The Basics Of Tariffs And Trade Barriers
    Economics

    The Basics Of Tariffs And Trade Barriers

  2. How International Tax Rates Impact Your ...
    Forex Education

    How International Tax Rates Impact Your ...

  3. What Is The World Trade Organization?
    Economics

    What Is The World Trade Organization?

  4. What is Globalization?
    Investing

    What is Globalization?

Hot Definitions
  1. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  2. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
  3. Call Risk

    The risk, faced by a holder of a callable bond, that a bond issuer will take advantage of the callable bond feature and redeem ...
  4. Parity Price

    When the price of an asset is directly linked to another price. Examples of parity price are: 1. Convertibles - the price ...
  5. Earnings Multiplier

    An adjustment made to a company's P/E ratio that takes into account current interest rates. The earnings multiplier is used ...
  6. Macroeconomics

    The field of economics that studies the behavior of the aggregate economy. Macroeconomics examines economy-wide phenomena ...
Trading Center