Group of twenty-four (G-24),

Definition of Group of twenty-four (G-24):

1. A group of finance ministers and central bank governors from 19 countries and the European Union who meet to discuss global economic issues.

2. Developing member nations of the International Monetary Fund (IMF) who formed the group in 1972 to counter balance the influence of the group Of 10 (G-10). It consists of 8 members from each of the African, Asian, and Latin American sections of the group of seventy seven (G-77).