Group of Thirty
Consultative Group on International Economic and Monetary Affairs, Inc.
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| Established | 1978 |
|---|---|
| Chairman | Tharman Shanmugaratnam |
| Executive Director | Stuart P. M. Mackintosh |
| Staff | 4 |
| Budget | $448k (FY07) |
| Members | 30 |
| Location | Washington, D.C. |
| Address |
1726 M Street, NW, Suite 200 Washington, DC 20036 USA |
| Website | www.group30.org |
1726 M Street, NW, Suite 200
The Group of Thirty, often abbreviated to G30, is an international body of leading financiers and academics which aims to deepen understanding of economic and financial issues and to examine consequences of decisions made in the public and private sectors related to these issues. Topical areas within the interest of the group include: the foreign exchange market, international capital markets, international financial institutions, central banks and their supervision of financial services and markets, and macroeconomic issues such as product and labor markets.
The group is noted for its advocacy of changes in global clearing and settlement.
The Group of Thirty was founded in 1978 by Geoffrey Bell at the initiative of the Rockefeller Foundation, which also provided initial funding for the body. Its first chairman was Johannes Witteveen, the former managing director of the International Monetary Fund. The G30's current Chairman is Tharman Shanmugaratnam. Its current Chairman of the Board of Trustees is Jacob Frenkel, and Paul Volcker is Chairman Emeritus.
The Bellagio Group, formed by Austrian economist Fritz Machlup, was the immediate predecessor to the Group of Thirty. It first met in 1963, to investigate international currency problems, particularly the balance of payments crisis which America faced throughout the early 1960s.
In June 2011, the group released a report that examines the most recent developments in the 2008 financial crisis, including the causes, the responses and the future outlook for the United States and other markets.
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