The G10 is a group of countries that jointly participate in the General Borrowing Agreement. It wants to design a new world currency based on the currencies of the top 10 countries that account for the largest total economic volume in the world according to their proportion of the world economy.

Related introduction: The G10 specializes in providing debt arrangements for debtor and creditor countries, such as debt restructuring, debt forgiveness, and even debt cancellation.

If the debt problem still cannot be improved after repeated efforts.

Its core members are the industrialized countries in the OECD, namely the United States, the United Kingdom, France, Germany, Italy, Japan, the Netherlands, Canada, Belgium, Sweden, Switzerland, etc., known as the "Group of 10".

Extended information Under normal circumstances, in addition to debtor and creditor countries sending representatives to Paris Club meetings, the International Monetary Fund, the World Bank, the OECD, the United Nations Conference on Trade and Development, the Bank for International Settlements and the European Economic Community also send representatives

Observers participate.

The club's secretariat is composed of more than 10 permanent representatives, and its office is located in the French Ministry of Finance.

The Paris Club was born in 1956 when Argentina warned the international community that it was no longer able to repay the debts it owed.

The difficulty lies in the fact that there are too many banks and other creditor institutions claiming the debt, making bilateral negotiations impossible.

Hence the idea of ??establishing a coordinating body.