2  State of convergence  At the core of our preparations is a uniform analytical framework for assessing the state of economic convergence. This framework has already been applied to the current member states of the Eurosystem.
In fact, according to the Fund, emerging markets and developing economies’ share in global growth will increase from around 76 percent this year to 85 percent in 2024.2 With this as a background, it is obviously important to identify possible roadblocks ahead, not only for the benefit of EMEs themselves, but in the interest of world economic activity.