<p>He will hold the Chair for 2011-12 as he has been elected the second vice chair for the current fiscal at a meeting held in Istanbul, ahead of IMF-World Bank meeting. He will be the First Vice Chair the next year. Mukherjee held the position over 25 years ago in 1982-84 when he was the finance minister in Indira Gandhi's Cabinet.<br /><br />An elected country takes up the Second Vice Chair for the first 12 months, becomes First Vice Chair the following year and assumes the Chair a year later. Syria is the Chair now, Brazil the first vice-chair and South Africa the second vice-chair, an official statement said here.<br /><br />The G-24 was established in 1971 with an objective of strengthening the position of developing countries on monetary and development finance issues. It operates at two levels-- the political level of Ministers of Finance and central bank governors and the level of officials designated as deputies. The group comprises countries from three regions-- Africa, Latin America and the Caribbean, and Asia. India, Iran, Lebanon, Pakistan, the Philippines, Sri Lanka and Syrian Arab Republic are members from the Asian region.</p>
<p>He will hold the Chair for 2011-12 as he has been elected the second vice chair for the current fiscal at a meeting held in Istanbul, ahead of IMF-World Bank meeting. He will be the First Vice Chair the next year. Mukherjee held the position over 25 years ago in 1982-84 when he was the finance minister in Indira Gandhi's Cabinet.<br /><br />An elected country takes up the Second Vice Chair for the first 12 months, becomes First Vice Chair the following year and assumes the Chair a year later. Syria is the Chair now, Brazil the first vice-chair and South Africa the second vice-chair, an official statement said here.<br /><br />The G-24 was established in 1971 with an objective of strengthening the position of developing countries on monetary and development finance issues. It operates at two levels-- the political level of Ministers of Finance and central bank governors and the level of officials designated as deputies. The group comprises countries from three regions-- Africa, Latin America and the Caribbean, and Asia. India, Iran, Lebanon, Pakistan, the Philippines, Sri Lanka and Syrian Arab Republic are members from the Asian region.</p>
