or Group of Twelve
is a group of industrially-advanced countries whose central banks co-operate to regulate international finance
The member countries are:
Note that the G12 consists of thirteen
countries. The twelve refers to the original ten members of the International Monetary Fund
who formed the original Group of Ten
, plus Spain and Australia. When Switzerland joined the Group of Ten in 1984 (and so also joined the G12) the names of the groups were not changed.