21 About G-24 The Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development(G­24) coordinates the position of developing countries on monetary and development issues in the deliberations and decisions of the Bretton Woods Institutions(BWI). In particular, the G-24 focuses on issues on the agendas of the International Monetary and Financial Committee(IMFC) and the Development Committee(DC) as well as in other relevant international fora. About FES The Friedrich-Ebert-Stiftung(FES) is a non-profit German foundation funded by the Government of the Federal Republic of Germany and headquartered in Bonn and Berlin. It was founded in 1925 and is named after Germany’s first democratically elected President, Friedrich Ebert. FES is committed to the advancement of both socio-political and economic development in the spirit of social democracy, through civic education, research, and international cooperation. Friedrich-Ebert-Stiftung is the oldest political foundation in Germany. Acknowledgments The author is grateful to Stef van Weeghel, Pasquale Pistone, Tommaso Faccio, Chetan Rao, and Carlos Protto, for their very useful comments to an earlier version of this paper. The author also wishes to thank the OECD Secretariat for the generous exchanges conducted in October, as well as Marilou Uy, David Rosenbloom, Juan Felipe Merizalde, Hans Mooij, Abdul Choudhury, Lisandro Junco, and Claudia Vargas for their valuable exchange of ideas. Any error or omission is mine alone. Cover photo: glass facades of modern office buildings and reflection of blue sky. © ahavelaar via Adobe Stock Imprint Friedrich-Ebert-Stiftung New York Office 747 Third Avenue, Suite 34D New York, NY 10017, USA +1-212-687-0208 info@fesny.org www.fesny.org Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development(G-24) G-24 Secretariat 700 19th Street, NW HQ1 Mailstop 12-012 Washington, D.C. 20431, USA +1 202-623-6101| g24@g24.org www.g24.org Commercial use of this publication by the Friedrich-Ebert-Stiftung(FES) and the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development(G-24) is not permitted without the written consent of the FES and G-24.