The Group of Ten (G10 or G-10) refers to the group of 11 countries that agreed to participate in the General Arrangements to Borrow (GAB), an agreement to provide the International Monetary Fund (IMF) with additional funds to increase its lending ability.

History

The GAB was established in 1962, when the governments of eight International Monetary Fund (IMF) members—Belgium, Canada, France, Italy, Japan, the Netherlands, the United Kingdom, and the United States—and the central banks of two others, West Germany and Sweden, agreed to make resources available to the IMF with an additional $6 billion of their currencies.<!-- Switzerland became a full member in January 1983.

The Bank for International Settlements (BIS) hosts a publications e-library page for the G10.

Observers

The following international organizations are official observers of the activities of the G10: the BIS, European Commission, International Monetary Fund, and Organisation for Economic Co-operation and Development. Luxembourg is an associate member.

See also

  • EU three
  • Big Four (Western Europe)
  • Group of Six (G6)
  • Group of Seven (G7)
  • Group of Twelve (G12)
  • G10 currencies

References

  • IMF – A Guide To Committees, Groups, and Clubs