G24 Communiqué

Overview & Synopsis

This communiqué of the one hundred and fifteenth meeting of the Ministers of the Intergovernmental Group of Twenty‑Four (G‑24), held on April 14, 2026, conveys deep concern over escalating geopolitical conflicts and their severe human, economic, and development consequences, particularly for emerging market and developing economies. The G‑24 highlights the war in the Middle East as a major new shock to an already fragile global economy, disrupting energy markets, supply chains, and trade routes, increasing inflationary pressures, tightening financial conditions, and heightening food and debt vulnerabilities in oil‑importing and low‑income countries. The communiqué underscores the urgent need to safeguard maritime routes, protect energy infrastructure, and uphold a rules‑based international system grounded in respect for sovereignty and the UN Charter. It stresses the importance of a strong Global Financial Safety Net, calling for timely completion of IMF quota reforms, strengthened surveillance, flexible lending tools, increased concessional financing, and exploration of regular SDR issuances. The G‑24 reaffirms the critical role of the World Bank Group in accelerating job creation, infrastructure investment, industrial development, and climate action, while urging faster progress on balance‑sheet optimization, innovative financing instruments, and governance reforms under the Lima Principles. It emphasizes the need for timely and predictable debt restructuring, scaled‑up climate finance aligned with equity and common but differentiated responsibilities, strengthened domestic resource mobilization, reversal of declining ODA, and a recommitment to fair, open, and non‑discriminatory multilateral trade. Collectively, the communiqué calls for decisive multilateral action to protect development gains, restore confidence, and promote inclusive, sustainable growth.