Group-of-30 meaning

A private, non-profit, international body that includes senior people from the public and private sectors and academia. The G-30’s purpose is to deepen the understanding of international economic and financial issues and to consider the effect of governmental and private sector policy decisions. The members of the group meet twice a year to discuss economic, financial, and policy developments. For instance, in January 2003, the group proposed a plan to reduce risk with cross-border processing of stock and bond trades. As part of that plan, the group recommended harmonizing technical standards and market practices. Banks, corporations, central banks, foundations, and private individuals fund the activities of the G-30.
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