G-10: Difference between revisions
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imported>Doug Williamson (Spacing.) |
imported>Doug Williamson (Amended circumstances in which GAB can be invoked, to align with IMF factsheet April 2014. Source: http://www.imf.org/external/np/exr/facts/pdf/gabnab.pdf; and spacing.) |
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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 | 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 deployment of the IMF's resources under its New Arrangements to Borrow (NAB) are not accepted by the wider membership of the NAB. | ||
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 G-10's membership is currently: | ||
Belgium, Canada, France, Germany, Italy, Japan, The Netherlands, Sweden, Switzerland, United Kingdom and United States of America. | |||
Revision as of 12:10, 12 May 2014
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 deployment of the IMF's resources under its New Arrangements to Borrow (NAB) are not accepted by the wider membership of the NAB.
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 in 1962.
Switzerland joined two years later, increasing the total membership to eleven, but the original name was retained.
