Just for you SB. This is what the G10 is all about. It is nothing to do with what you are trying to make out.
Group of Ten
The Group of Ten (G10) refers to the group of countries that have agreed to participate in the
General Arrangements to Borrow (GAB), a supplementary borrowing arrangement that can be invoked if the IMF’s resources are estimated to be below a member’s needs. The GAB was established in 1962, when the governments of eight IMF members—Belgium, Canada, France, Italy, Japan, the Netherlands, the United Kingdom, and the United States—and the central banks of two others, Germany and Sweden, agreed to make resources available to the IMF for drawings by participants and, under certain circumstances, for drawings by nonparticipants. The G10 was strengthened in 1964 by the association of Switzerland, then a nonmember of the IMF, expanding its membership to 11, but the name of the G10 remained the same. Following its inception, the G10 broadened its engagement with the Fund, including issuing reports that culminated in the creation of the
Special Drawing Right (SDR) in 1969. The G10 was also the forum for discussions that led to the December 1971 Smithsonian Agreement following the
collapse of the Bretton Woods system. The following international organizations are official observers of the activities of the G10: the Bank for International Settlements (BIS), the European Commission, the IMF, and the OECD.