BBC NEWS
BBCi CATEGORIES   TV   RADIO   COMMUNICATE   WHERE I LIVE   INDEX    SEARCH 

BBC News UK Edition
 You are in: Special Report: 1998: 10/98: imf  
News Front Page
World
UK
England
N Ireland
Scotland
Wales
UK Politics
Business
Entertainment
Science/Nature
Technology
Health
Education
-------------
Talking Point
-------------
Country Profiles
In Depth
-------------
Programmes
-------------
BBC Sport
BBC Weather
CBBC News
SERVICES
-------------
EDITIONS
imf Friday, 9 October, 1998, 07:32 GMT 08:32 UK
What is the G7?
G7 logo
Since 1975, the leaders of the major industrial nations have been meeting annually to deal with the major economic and political issues facing their countries and the international community as a whole.

The G7 members are Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.

The six countries at the first Summit, held at Rambouillet, France in November 1975, were France, the United States, Britain, Germany, Japan and Italy.

They were joined by Canada at the San Juan, Puerto Rico Summit of 1976 and by the European Community at the London Summit of 1977.

Since then membership in the G7 has been fixed, although 15 developing countries' leaders met with the G7 leaders on the eve of the 1989 Paris Summit.

The USSR and then Russia have had a post-Summit dialogue with the G7 since 1991.

The 1998 Birmingham Summit saw full Russian participation, giving birth to the G8.

The G7/G8 Summit has consistently dealt with economic management, international trade, and relations with developing countries.

Questions of economic relations, energy, and terrorism have also been added to its agenda.

Employment and the information highway, the environment, crime and drugs, human rights and arms control have also been discussed at summits.

During IMF meetings, the G7 is joined by representatives from Switzerland, Belgium and the Netherlands to form the Group of 10.

International Monetary Fund director Michael Camdessus has urged the G7 nations to take the lead in action to get the world economy back on track.

See also:

14 Aug 98 | The Economy
07 Sep 98 | The Economy
31 Aug 98 | The Economy
15 Sep 98 | The Economy
Links to more imf stories are at the foot of the page.


E-mail this story to a friend

Links to more imf stories

© BBC ^^ Back to top

News Front Page | World | UK | England | N Ireland | Scotland | Wales |
UK Politics | Business | Entertainment | Science/Nature | Technology |
Health | Education | Talking Point | Country Profiles | In Depth |
Programmes