G10
19 hours agoG10 refers to "The Group of Ten," which is a coalition of 11 industrial nations that convene annually to discuss economic, monetary, and financial issues.
The eleven member countries are Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, the United Kingdom, and the United States.
The Finance Ministers and Central Bank Governors of the Group of Ten typically gather once a year during the autumn meetings of the Interim Committee of the International Monetary Fund.
Additionally, the Governors of the Group of Ten usually meet every two months at the Bank for International Settlements.
The Deputies of the Group of Ten convene as necessary, generally between two to four times a year. Ad hoc committees and working groups are formed as required.
Officially, the Group of Ten (G10) denotes the countries that have agreed to participate in the General Arrangements to Borrow (GAB).
This borrowing arrangement among member nations can be utilized if the International Monetary Fund is unable to fully meet a member country's borrowing requirements.
The GAB was established in 1962 when the governments of eight IMF members—Belgium, Canada, France, Italy, Japan, the Netherlands, the United Kingdom, and the United States—along with the central banks of two additional countries, Germany and Sweden, agreed to provide resources to the IMF for withdrawals by participants and, under specific conditions, for withdrawals by nonparticipants.
The G10 was expanded in 1964 with the inclusion of Switzerland, which was then a nonmember of the IMF, increasing its membership to 11, although the name G10 remained unchanged.
Since its formation, the G10 has enhanced its collaboration with the Fund, including the issuance of reports that led to the establishment of the Special Drawing Right (SDR) in 1969.
The G10 also served as the platform for discussions that resulted in the Smithsonian Agreement in December 1971, following the collapse of the Bretton Woods system.
The following international organizations act as official observers of the G10's activities: the Bank for International Settlements (BIS), the European Commission, the IMF, and the OECD.
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G20
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G5
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G7
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G77
The Group of Seventy-Seven (G77) was formed on June 15, 1964, through the “Joint Declaration of the Seventy-Seven Developing Countries,” which was released at the conclusion of the inaugural session of the United Nations Conference on Trade and Development (UNCTAD) in Geneva.
G8
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