HOME

TheInfoList



Click Here for Items Related To - Group of Twelve
OR:
Group of Twelve on:   [Wikipedia]   [Google]   [Amazon]

The Group of Twelve or G12 is a group of industrially advanced countries whose
central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a centra ...
s co-operate to regulate international
finance Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of f ...
. Note that the G-12 consists of thirteen countries. It encompasses the initial ten members of the
International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...
(IMF), which formed the original G10, adding
Australia Australia, officially the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. With an area of , Australia is the largest country by ...
and
Spain , image_flag = Bandera de España.svg , image_coat = Escudo de España (mazonado).svg , national_motto = '' Plus ultra'' (Latin)(English: "Further Beyond") , national_anthem = (English: "Royal March") , ...
. In 1984, when
Switzerland ). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel ...
joined the G10 and G12, the names of the groups were not changed.


See also

* Group of Three (G3) * Group of Four (G4) *
Group of Six The Group of Seven (G7) is an intergovernmental political forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States; additionally, the European Union (EU) is a "non-enumerated member". It is offici ...
(G6) *
Group of Seven The Group of Seven (G7) is an intergovernmental political forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States; additionally, the European Union (EU) is a "non-enumerated member". It is officiall ...
(G7) * Group of Ten (G10) * G10 currencies *
Special drawing rights Special drawing rights (SDRs, code ) are supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund (IMF). SDRs are units of account for the IMF, and not a currency ''per se''. They represent a claim ...


References

International Monetary Fund International development International finance institutions Intergovernmental organizations International economic organizations Economic country classifications 20th-century diplomatic conferences 21st-century diplomatic conferences Organizations established in 1962 {{Org-stub