Communiqué of the Fifty-First Meeting of the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development (G-24), October 1, 1994, Madrid, Spain

Ministers of the Intergovernmental Group of Twenty-Four on International Monetary Affairs held their Fifty-First Meeting in Madrid, Spain, on October 1, 1994. Mr. Willy Waldemar Zapata, President of the Banco de Guatemala, was in the Chair, with Mr. N’Goran Niamien of Ivory Coast as First Vice-Chairman and Mr. Makhdoom Shahabuddin of Pakistan as Second Vice-Chairman. The meeting was attended by Mr. Michel Camdessus, Managing Director, International Monetary Fund, Mr. Lewis T. Preston, President, World Bank, Mr. Mourad Cherif, Chairman, Development Committee, Mr. Roger Lawrence, UNCTAD, Mr. G. K. Helleiner, G-24 Research Coordinator, Mr. Christián Ossa, United Nations, Mr. Y. Seyyid Abdulai, DirectorGeneral, OPEC Fund for International Development, Mr. Osama Faquih, President, Islamic Development Bank, Mr. Manuel Fontecha Ferrari, Central American Monetary Council, Mr. Salvador Arriola, Latin American Economic System, Mr. Chen Yuan, People’s Republic of China, Mr. Ahmed Hussain, Iraq, Mr. Abdelfettah Benmansour, Morocco, and Mr. Abdelaziz N. Alorayer, Saudi Arabia.