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Group of 24

Index Group of 24

The Group of 24 (G24), a chapter of the G-77, 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 adequately represented in negotiations on international monetary matters. [1]

7 relations: China, Developing country, Ethiopia, Group of 77, International Monetary Fund, Trade bloc, World Bank Group.

China

China, officially the People's Republic of China (PRC), is a unitary one-party sovereign state in East Asia and the world's most populous country, with a population of around /1e9 round 3 billion.

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Developing country

A developing country (or a low and middle income country (LMIC), less developed country, less economically developed country (LEDC), underdeveloped country) is a country with a less developed industrial base and a low Human Development Index (HDI) relative to other countries.

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Ethiopia

Ethiopia (ኢትዮጵያ), officially the Federal Democratic Republic of Ethiopia (የኢትዮጵያ ፌዴራላዊ ዲሞክራሲያዊ ሪፐብሊክ, yeʾĪtiyoṗṗya Fēdēralawī Dēmokirasīyawī Rīpebilīk), is a country located in the Horn of Africa.

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Group of 77

The Group of 77 (G77) at the United Nations is a coalition of developing nations, designed to promote its members' collective economic interests and create an enhanced joint negotiating capacity in the United Nations.

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International Monetary Fund

The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., consisting of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1945 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system.

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Trade bloc

A trade block is a type of intergovernmental agreement, often part of a regional intergovernmental organization, where barriers to trade (tariffs and others) are reduced or eliminated among the participating states.

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World Bank Group

The World Bank Group (WBG) (Groupe de la Banque mondiale) is a family of five international organizations that make leveraged loans to developing countries.

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References

[1] https://en.wikipedia.org/wiki/Group_of_24

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