Group of 24 - Investment & Finance Definition
A chapter of the Group of 77 that was established in 1971 to coordinate the positions of developing countries on international monetary and development finance issues. The official name for the group is the Intergovernmental Group of 24 on International Monetary and Development Affairs. The G-24 also has been involved in negotiations on international monetary matters and has worked to make certain that the interests of the developing nations are represented. The G-24 meets twice a year and its membership is limited to just 24 countries; however any country that belongs to the G-77 can join the discussions. See also Group of 77.
The members of the G-24 are: Algeria, Argentina, Brazil, Columbia, CÃ´te D’Ivoire, Democratic Republic of Congo, Egypt, Ethiopia, Gabon, Ghana, Guatemala, India, Islamic Republic of Iran, Lebanon, Mexico, Nigeria, Pakistan, Peru, Philippines, South Africa, Sri Lanka, Syrian Arab Republic, Trinidad and Tobago, and Venezuela.