Members
United States, Japan, Germany, France, United Kingdom, Italy and Canada (these are also members of G7) as well as the Netherlands, Belgium, Switzerland and Sweden.
Mandate/mission
The G10 countries contribute capital for the General Arrangements to Borrow (GAB), a lending facility that puts additional financial resources at the disposal of the IMF, if necessary. In addition, the G10 has an informal cooperation on various measures to promote international financial stability.
Brief history
The G10 cooperation began in 1961 and involved the world’s ten largest industrial nations at that point in time. Switzerland joined in 1984. The G10 is still distinguished by the fact that the countries act as international lenders and have well-developed capital markets.