The Group of Twelve is a group of industrially advanced countries whose central banks cooperate to regulate and manage international finance. It grew out of the ten original members of the International Monetary Fund General Arrangements to Borrow, established in 1962, with Australia and Spain added later and Switzerland joining in 1984. Despite its name, it now has thirteen members: Australia, Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Spain, Sweden, Switzerland, the United Kingdom and the United States.
Facts
Geography
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Institution SubtypeInternational Organization (Non-Financial) 1 Sources
1. Group of Ten (IMF) (Wikipedia)
- Institution Subtype: International Organization (Non-Financial)
View the Source2. Group of Twelve (Wikipedia)
Members
The current G12 member states are: Australia Belgium Canada France Germany Italy Japan Netherlands Spain Sweden Switzerland United Kingdom United States
Lead section
group of industrially advanced countries whose central banks co-operate to regulate international finance
View the Source3. Group of Ten (economics), Wikipedia
HistoryQuote, History
The GAB was established in 1962, when the governments of eight International Monetary Fund (IMF) members
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