Finance chief Recto leads G-24 high-level meeting in Washington
Manila: Finance Secretary and current Chair of the Intergovernmental Group of Twenty-Four (G-24) Board of Governors Ralph Recto is pushing for key reforms to empower the International Monetary Fund (IMF) and the World Bank Group (WBG) to better serve developing countries. In a statement on Wednesday, the DOF said Recto championed four key reforms during a high-level meeting of ministers and governors on Oct. 22 held at the IMF headquarters in Washington, D.C. The Philippines currently serves as the Chair of the G-24 Bureau for 2023-2024. “We continue to call for a more agile and resolute IMF and World Bank.