Business Daily from THE HINDU group of publications
Sunday, Oct 04, 2009
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Business Daily from THE HINDU group of publications Sunday, Oct 04, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Government
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Foreign Relations India elected second vice-chair of G-24 
Mr Pranab Mukherjee Our Bureau New Delhi, Oct. 3 India has been elected the second vice-chair of G-24, a grouping of developing countries. The G-24 was established in 1971 and comprises countries from Africa, Latin America, the Carribean and Asia. At a G-24 meeting held in Istanbul, the Finance Minister, Mr Pranab Mukherjee, was elected unanimously as the Second Vice-Chair. Mr Mukherjee will automatically become the first Vice-Chair in 2010-11 and then in 2011-12 be elevated as the Chair of G-24 countries, an official release said. Till now, Syria was the Chair, with Brazil the first Vice-Chair and South Africa the second Vice-Chair. After Saturday’s meeting, Brazil has become the Chair, South Africa the first Vice-Chair and India the second Vice-Chair. All these three countries form part of the IBSA grouping, the release added. The G-24 operates at two levels — the political level of Ministers of Finance/Central Bank Governors and the level of officials designated as the deputies. More Stories on : Foreign Relations
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