<p>"G-24 role has considerably changed from the 70s and 80s ...Today quite a large number of G-24 members are important players and their economy is very strong ...like China, India and Argentina. Therefore, the character G-24 had in the 70s and 80s is no longer relevant now," Mukherjee said in his interaction with the Indian media here yesterday.<br /><br />Mukherjee, who took over the chairmanship of G-24 on Thursday, had earlier headed the group in 1980s. "I had been elected Chairman of G-24 in 1983-84 and again in 2011-12. Normally, it does not happen," Mukherjee said.<br /><br />G-24 was founded in 1971 to coordinate the position of developing countries on international monetary and development finance issues. India has taken over the chairmanship of G-24 from South Africa.<br /><br />"We are not asking for more money. We are addressing the problems which are affecting all of us," Mukherjee said. The Minister, in its acceptance speech after taking over the G-24 chair, had said, "I do believe that the G-24 has an important role to play in fostering dialogue amongst developing countries and in supporting a more inclusive approach in global economic and financial cooperation, including on the development agenda."<br /><br />"Realising this potential will require enhancing the effectiveness of the group and adapting its role to the changing landscape of global governance. A key prerequisite for effectiveness will be to agree on a limited set of priorities which are of vital importance to us and where we can make a difference," Mukherjee had added.</p>
<p>"G-24 role has considerably changed from the 70s and 80s ...Today quite a large number of G-24 members are important players and their economy is very strong ...like China, India and Argentina. Therefore, the character G-24 had in the 70s and 80s is no longer relevant now," Mukherjee said in his interaction with the Indian media here yesterday.<br /><br />Mukherjee, who took over the chairmanship of G-24 on Thursday, had earlier headed the group in 1980s. "I had been elected Chairman of G-24 in 1983-84 and again in 2011-12. Normally, it does not happen," Mukherjee said.<br /><br />G-24 was founded in 1971 to coordinate the position of developing countries on international monetary and development finance issues. India has taken over the chairmanship of G-24 from South Africa.<br /><br />"We are not asking for more money. We are addressing the problems which are affecting all of us," Mukherjee said. The Minister, in its acceptance speech after taking over the G-24 chair, had said, "I do believe that the G-24 has an important role to play in fostering dialogue amongst developing countries and in supporting a more inclusive approach in global economic and financial cooperation, including on the development agenda."<br /><br />"Realising this potential will require enhancing the effectiveness of the group and adapting its role to the changing landscape of global governance. A key prerequisite for effectiveness will be to agree on a limited set of priorities which are of vital importance to us and where we can make a difference," Mukherjee had added.</p>