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Group of Seven

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Group of Seven (G-7)
The G-5 countries plus Canada and Italy.

Group of Seven
Also called G-7. An informal group composed of the United States, Japan, Germany, the United Kingdom, France, Italy, and Canada (listed by nominal GDP). The G-7 represents the world's leading industrial democracies. Their finance ministers/secretaries meet annually to discuss economic cooperation and other matters. The G-7 does not have a permanent secretariat, but rather gives an informal forum for leaders to meet and discuss ideas.


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Trichet said that while the meeting of the Group of Seven major economies that had preceded the G20 gathering had followed its "normal menu," the agenda of the G20 "only said 'follow-up of the London summit.
Finance ministers of the Group of Seven (G7) and Group of 20 (G20) will hold talks in Washington on April 25 as they gather for the spring meetings of the International Monetary Fund and the World Bank, the US Treasury said Monday.
Finance chiefs from the Group of Seven rich nations are expected to discuss the "Buy American" clause in a US economic package when they meet this week, Japan's finance minister said Tuesday.
 
 
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