MarketGroup of Ten (IMF)
Company Profile

Group of Ten (IMF)

The Group of Ten refers to the group of 11 countries that agreed to participate in the General Arrangements to Borrow (GAB), an agreement to provide the International Monetary Fund (IMF) with additional funds to increase its lending ability.

History
The GAB was established in 1962, when the governments of eight International Monetary Fund (IMF) members—Belgium, Canada, France, Italy, Japan, the Netherlands, the United Kingdom, and the United States—and the central banks of two others, West Germany and Sweden, agreed to make resources available to the IMF with an additional $6 billion of their currencies.