Group of Five (G-5)
Groupe des cinq
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History
as follow-up to the Plaza Agreement, 22 Sep 1985. Not an organization - title is informal description referring to occasional meetings of Ministers of Finance of the 5 most industrialized countries. Also referred to as Group of 5 -- Groupe des 5. When joined by Finance Ministers of Italy and Canada, referred to as F-XJ4647 - Group of Seven (G-7), which ultimately replaced G-5, 1986-1987. Joined further by Finance Ministers of the Netherlands, Belgium, Sweden and Switzerland this became H-XF1004 - Group of Ten (G-10). A wider and more representative H-XF4647 - Group of Twenty-Two (G-22) has been proposed by the USA and some other members.
Aims
As indicated in the Plaza Agreement: while recognizing progress in promoting convergence of favourable economic performance among participating countries, seek to achieve increased and more balanced growth, and to bring key exchange rates more into line with underlying fundamentals.
Relations with Inter-Governmental Organizations
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UIA Org ID
XF2680
** UN SDGs are linked to the subject classification.
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