Sri Lanka hosts G-24 international monetary forum

ECONOMYNEXT – Sri Lanka is hosting the two day technical forum of the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development, in Colombo from February 17, with delegates from 45 countries participating.

The Group of 24 (G24), a chapter of the Group of G-77 countries, was established in 1971 to coordinate the positions of developing countries on international monetary and development finance issues and to ensure that their interests were represented in negotiations.

Treasury secretaries from 25 countries, central bank governors and their representatives are at the forum which is being inaugurated by Sri Lanka’s Finance Minister Mangala Samaraweera.

The 2018 forum covers debt management and sustainability.

The second and related theme will be mobilizing external sources of capital in light of current, tightening global and market conditions.

The G-24 gets technical support from the International Monetary Fund.

Region I (Africa): Algeria, Côte d’Ivoire, Egypt, Ethiopia, Gabon, Ghana, Nigeria, South Africa and the Democratic Republic of Congo.

Region II (Latin America and the Caribbean): Argentina, Brazil, Colombia, Guatemala, Mexico, Peru, Trinidad and Tobago and Venezuela.

Region III (Asia): India, Iran, Lebanon, Pakistan, Philippines, Sri Lanka and Syria.






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