|G10 (Group Of Ten)|
|Headquarters||Headquarters are in the IMF office in Paris|
|Products||Group of countries that have agreed to participate in
the General Arrangements to Borrow (GAB)
The Group of Ten, or (G10) is a group of 11 industrial countries that consult and co-operate on economic, monetary and financial matters. They are also member nations of the International Monetary Fund (IMF) and are sometimes referred to as the "Paris Club." The Group of Ten countries have agreed to participate in the General Arrangements to Borrow (GAB), a supplementary borrowing arrangement that can be invoked if the IMF's resources are estimated to be below member's needs.
The involved countries are Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, the United Kingdom and the United States. The number 10 is noted in the name of the group despite the fact Switzerland became the eleventh country to join the group in 1994.
Official observers of the activities of the G-10 include The Bank for International Settlements (BIS), European Commission, IMF and OECD.
Meetings of ministers and governors of the central banks are held twice-yearly, while deputies (high-ranking civil servants and representatives of the central banks) meet more often.
- ↑ Group of 10. IMF.
- ↑ Group of Ten. Encarta MSN.