G-24 grouping comprises 24 developing countries from Asia, Africa and Latin America.
The G24 did not agree with the proposed IMF framework for staff advice to member countries on managing capital flows and its inclusion in fund surveillance.
The US is pressing for taxing digital economy through the 'marketing intangibles' principle and the UK through a 'user-base' principle.
"Historically, all possible combinations have occurred: inflation with and without [economic] development, no inflation with and without [economic] development".
At the IMF, India is expected to link announcement of additional resources to the IMF to the implementation of 2012 quota reform.
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