Group of Seven (G-7)
1975, when 7 major industrial countries began to hold annual economic summits. At the level of finance ministers and central bank governors, replaced Group of Five (G-5) as main policy coordination group during 1986-1987, particularly following the Louvre Accord of Feb 1987, agreed by G-5 plus Canada, and subsequently endorsed by G-7. Since 1987, G-7 finance ministers and central bank governors meet at least biannually. Managing Director of International Monetary Fund (IMF) usually participates, by invitation. When Russia joins, Group becomes Group of Eight (G-8). Also referred to as Group of 5.
Monitor developments in the world economy; assess economic policies.Available with paid subscription only.
Members in 7 countries
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Type I ClassificationAvailable with paid subscription only.
Type II ClassificationAvailable with paid subscription only.
UN Sustainable Development Goals **
UIA Org ID
Last News Received
** UN SDGs are linked to the subject classification.
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