G-10: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Align with Glossary.)
(No difference)

Revision as of 12:41, 30 May 2013

The Group of Ten refers to the group of countries that have agreed to participate in the International Monetary Fund (IMF)'s General Arrangements to Borrow (GAB), a supplementary borrowing arrangement that can be invoked if the IMF's resources are estimated to be below IMF member's needs.


The G-10's membership is currently: Belgium, Canada, France, Germany, Italy, Japan, The Netherlands, Sweden, Switzerland, United Kingdom and United States of America.


The name of the G-10 was coined when it originally had exactly ten members.

Switzerland joined two years later, increasing the total membership to eleven, but the original name was retained.

See also