The amount of money the G-7 provided in 1997 to help build the containment of the reactor meltdown at Chernobyl. In 1996, working with the World Bank, the G-7 launched an initiative for the 42 heavily indebted poor countries (HIPC), along with a Multilateral Debt Relief Initiative (MDRI), a 2005 pledge to cancel the International Development Association debt of countries that have gone through the MDRI program. Those efforts include several aimed at debt relief for developing nations. The G-7 has also launched initiatives to fund issues and relieve crises where it sees an opportunity for joint action. Since its inception in the early 1970s, the group has discussed financial crises, monetary systems, and major world crises, such as oil shortages. The major purpose of the G-7 is to discuss and sometimes act in concert to help resolve global problems, with a special focus on economic issues. The G-7 is not an official, formal entity and, therefore, has no legislative or authoritative power to enforce the recommended policies and plans it compiles.The G-7 was formerly referred to as the G-8 until Russia was suspended from the group in 2014 after illegally annexing Crimea.

G-7 countries consist of the U.S., U.K., France, Germany, Italy, Canada, and Japan.

The Group of Seven (G-7) is an intergovernmental organization that meets periodically to address international economic and monetary issues.

The European Union (EU) is sometimes considered to be a de-facto eighth member of the G-7 since it holds all the rights and responsibilities of full members except to chair or host meetings. The G-7 was, for a while, known as the Group of Eight (G-8), until 2014 when former member Russia was removed after annexing the region of Crimea illegally from Ukraine. Government leaders of these countries meet periodically to address international economic and monetary issues, with each member taking over the presidency on a rotating basis. The Group of Seven (G-7) is an intergovernmental organization made up of the world's largest developed economies: France, Germany, Italy, Japan, the United States, the United Kingdom, and Canada.

What Is the Group of Seven (G-7)? riverdome at horseshoe casino

Riverdome at horseshoe casino