G7

The Group of 7 (G7) is a group consisting of the finance ministers and central bank governors of seven major advanced economies as reported by the International Monetary Fund: Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States meeting to discuss primarily economic issues. The European Union is also represented within the G7. The G7 are the seven wealthiest major developed nations by national net wealth, representing more than 64% of the net global wealth ($263 trillion) according to the Credit Suisse Global Wealth Report October 2014. The IMF’s Managing Director usually participates. Recent G7 meetings include that of May 2013 in Aylesbury, United Kingdom with an emergency meeting in The Hague, Netherlands on March 24, 2014. Most recently, there was a meeting in Brussels on June 4, 2014.