The Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development (G-24) was established in 1971 as a representative grouping of developing countries across Asia, Africa and Latin America and the Caribbean. The purpose of the Group is to coordinate the position of developing countries on monetary and development issues in order to enhance the effectiveness of their participation in discussions of monetary, financial and development issues at the Bretton Woods institutions and other fora. The G-24 operates at the level of Finance Ministers and Central Bank Governors, their Deputies, and other Washington-based representatives, with the support of the G-24 Secretariat. The Secretariat also coordinates the G-24's Research Program, which focuses on producing analysis and insight to support and strengthen the capacity of Members to engage in discussions on issues of particular concern to developing countries.