Group of 24 (G-24) Countries in 2025: Key Insights, Benefits & Challenges

Mark Jahn is a renowned financial writer, editor, and economist specializing in ETFs, stocks, cryptocurrencies, and options.

What Is the Group of 24 (G-24)?

Founded in 1971, the Group of 24 (G-24) is an alliance of developing countries dedicated to harmonizing their stance on international monetary and development finance issues. This coalition ensures that the interests of emerging economies are effectively represented in global financial discussions.

Officially known as the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development, the G-24 operates as a subset of the larger Group of 77 (G-77), which is the largest coalition of developing nations within the United Nations.

Key Highlights

• The G-24 coordinates positions of developing countries on international monetary and financial matters.
• Despite its name, the group had 28 full members as of 2020, with membership open to any G-77 nation.
• Many G-24 member countries offer strong growth potential for investors.
• By 2024, divergent economic paths among members have challenged the group’s unified approach.

Understanding G-24 Membership and Role

Membership in the G-24 is flexible, allowing any G-77 member to participate. As of December 2020, the group included 28 members such as Algeria, Argentina, Brazil, India, Mexico, South Africa, and others. China holds a special invitee status since 1981.

Initially, the G-24’s mission was to assess international monetary policies from the perspective of developing nations and coordinate unified positions at forums like the United Nations Conference on Trade and Development. Since 1976, its scope expanded to encompass broader development economics.

Although independent from the International Monetary Fund (IMF), the G-24 benefits from IMF support, with meetings attended by senior officials from the IMF, World Bank, and United Nations. The group convenes biannually.

Benefits of the Group of 24

Since its inception, the G-24 has contributed to significant economic progress among its member states. While less prominent than the G-7, it serves as a vital platform advocating for the interests of developing economies on the global stage.

Many G-24 countries present compelling investment opportunities, with World Bank data indicating that their stock market capitalization relative to GDP remains lower than developed nations, suggesting potential for strong future growth despite market volatility.

Investment Tip

Investors looking to gain exposure to G-24 countries should consider emerging market and frontier market ETFs as accessible options.

Criticisms and Challenges Facing the G-24

Despite early successes, the economic trajectories of G-24 members have diverged considerably by 2024. Powerhouses like China and India have surged ahead, while others have faced setbacks.

The group’s cohesion has been tested by varied member experiences: Kenya’s economic strides contrast sharply with Syria’s ongoing conflict and Venezuela’s hyperinflation crisis.

Investor perspectives vary widely across the G-24. China and India are seen as innovation-driven growth markets, Brazil, Mexico, and South Africa rely more on natural resources appealing to value investors, while countries like Iran remain high-risk and generally avoided.

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