11:52 | Washington D.C. (U.S.), Apr. 12.
Central Reserve Bank (BCR) Governor Julio Velarde has participated in the Meeting of Ministers and Governors of the Intergovernmental Group of Twenty-four on International Monetary Affairs and Development (G-24).
The G-24 governors stated that global growth remains below pre-pandemic levels and faces downside risks.
They emphasized that geopolitical conflicts, combined with extreme weather conditions, are a source of inflationary pressures, as well as food and energy insecurity.
The governors also noted that, given the growing risks, multilateral agencies should continue to provide support to expand global liquidity.
In 2019, Velarde was chairman of the G-24, which was established in 1971 with a view to promoting dialogue between emerging countries and advanced economies on monetary, financial, and development policy issues.
The Group is made up of Argentina, Algeria, Brazil, Colombia, Ivory Coast, Egypt, Ethiopia, Gabon, Ghana, Guatemala, India, Iran, Lebanon, Mexico, Nigeria, Pakistan, Peru, Philippines, South Africa, Sri Lanka, Syria, Trinidad and Tobago and Venezuela.
In 2017, four countries joined the G-24: Ecuador, Haiti, Kenya, and Morocco.
(END) NDP / MDV/RMB
Publicado: 12/4/2023