Group of 11 (G11)

Unraveling the Group of 11 (G-11): A Comprehensive Guide

Exploring the Group of 11 (G-11): Origins and Objectives

Dive into the intricacies of the Group of 11 (G-11), a coalition of developing nations formed to address debt challenges and foster economic development.

Understanding the Formation of the Group of 11

The Group of 11 (G-11) emerged on September 20, 2006, under the vision of King Abdullah of Jordan, with the primary aim of alleviating member countries' debt burdens. Comprised predominantly of lower-middle-income nations, the G-11 seeks to redirect resources towards sustainable economic growth.

Demystifying the Composition of the G-11

Member Countries and Evolution

The G-11 consists of Croatia, Ecuador, El Salvador, Georgia, Honduras, Indonesia, Jordan, Morocco, Pakistan, Paraguay, and Sri Lanka. Initially comprising Tunisia, the group witnessed a substitution, welcoming El Salvador into its fold by 2007.

Objectives and Advocacies of the Group of 11

Addressing Debt Challenges and Promoting Economic Development

G-11 member nations contend that heavy debt obligations impede their progress, diverting significant portions of export earnings and fiscal revenues away from developmental initiatives. Consequently, they advocate for debt relief and assistance from developed nations to catalyze economic advancement.

Collaborative Efforts with the International Community

Seeking Market Access and Investment Opportunities

Moreover, the G-11 endeavors to engage with influential entities such as the Group of Seven (G-7) to negotiate for enhanced market access, reduced tariffs, and increased investment opportunities. By fostering international cooperation, member countries aspire to achieve sustained economic growth and contribute to global peace and stability.