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The G-24 Technical Group Meeting (TGM) serves as the main forum for discussing the key work programme priorities of the Group and preparing for the plenary meetings of Ministers and Deputies.
G-24, of which the Philippines is part, is a grouping of the world's major emerging market economies.
The G-24 endorsed the ''Plan B'' put forward in recent weeks to split the two facets of the 2010 reforms and put through the quota revision without the need for ratification by the US Congress.
Egypt is honoured to be heading the G-24 during the current cycle," El-Araby added.
Addressing a press conference at the G-24 nations finance ministers meet here, Mukherjee said: "We will focus on job creation and on effective and affordable social safety nets that protect the poor and vulnerable.
The G-24 nations called for ''urgent and concerted actions to deal with the immediate consequences of food and energy increases and to address the long-standing impediments to food and energy security.
But the G-24 ministers said the IMF needed to maintain "an open-minded and
The process for the selection of the next managing director of the IMF that is presently under way marks an important milestone in transforming the IMF to a truly multilateral institution able to serve the needs of all its members in today's rapidly changing world,'' the G-24 said.
3) The G-24 process could be substantially strengthened by greater participation of the developing countries in this organization, both at a regional and a global level.
It will regularly report on its work to the G-24 Transport Group.
Fernando Aportela, Chair of the G-24 ministers and vice minister of Finance and Public Credit of Finance Mexico, expressed his happiness regarding the fact that Egypt will chair the G-24 Group, an Intergovernmental Group of 24 on International Monetary Affairs and Development, in 2014.
After that, Mukherjee will chair the G-24 Finance Ministers' meeting, as he is currently heading the G-24 Finance Ministers' Forum.
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