The G10 is a group of ten major developed economies that collaborate on economic and financial issues. These countries are:
- Belgium
- Canada
- France
- Germany
- Italy
- Japan
- Netherlands
- Sweden
- Switzerland
- United Kingdom
- United States
The G10's primary function is to promote international monetary cooperation and stability. They achieve this through:
- Regular meetings and discussions: The G10 members meet periodically to discuss global economic trends, exchange views on policy responses, and coordinate actions.
- Financial and economic policy coordination: The G10 aims to ensure that their economic policies are aligned and supportive of global stability. This includes coordinating interest rates, exchange rates, and fiscal policies.
- Financial market oversight and regulation: The G10 actively participates in efforts to strengthen financial regulation and supervision, particularly in the context of global financial crises.
- Technical cooperation and capacity building: The G10 provides technical assistance and expertise to developing countries, helping them to improve their economic management and financial systems.
The G10 is a significant force in shaping global economic policies. Its members are among the world's largest economies, and their actions have a substantial impact on the global financial system.
