On 16 February 1990, the Group of 24 (G-24) — which comprises the 24 Finance Ministers and Central Bank Governors of the 12 Member States of the European Community, the six countries of the European Free Trade Association (EFTA), Turkey, the USA, Canada, Australia, New Zealand and Japan — reviews the allocation of financial aid and the implementation of programmes to assist political and economic reform in the countries of Central and Eastern Europe (CEECs).