The Group of Twelve or G12 is a group of industrially advanced countries whose

central bank A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mo ...

s co-operate to regulate international

finance Finance refers to monetary resources and to the study and Academic discipline, discipline of money, currency, assets and Liability (financial accounting), liabilities. As a subject of study, is a field of Business administration, Business Admin ...

. 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 funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...

(IMF), which formed the original G10, adding

Australia Australia, officially the Commonwealth of Australia, is a country comprising mainland Australia, the mainland of the Australia (continent), Australian continent, the island of Tasmania and list of islands of Australia, numerous smaller isl ...

and

Spain Spain, or the Kingdom of Spain, is a country in Southern Europe, Southern and Western Europe with territories in North Africa. Featuring the Punta de Tarifa, southernmost point of continental Europe, it is the largest country in Southern Eur ...

. In 1984, when

Switzerland Switzerland, officially the Swiss Confederation, is a landlocked country located in west-central Europe. It is bordered by Italy to the south, France to the west, Germany to the north, and Austria and Liechtenstein to the east. Switzerland ...

joined the G10 and G12, the names of the groups were not changed.

Members

The current G12 member states are: # # # # # # # # # # # # #

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 {{international-org-stub

Members

See also

References