Group of Eleven

Group of Eleven (G11) is a forum, constituted by mostly developing countries aimed at easing their debt burden (See also: government debt), narrowing the income gap with rich countries and lifting millions of people out of poverty.

King Abdullah of Jordan first proposed the group in 2005.

The group of eleven is a forum, constituted by mostly developing countries aimed at easing their debt burden and narrowing the gap with rich countries to lift, ‘millions out of poverty’. The specific aim is to garner market access and writing off of the debt burden so that these countries can focus all their resources on generating growth and stability.

The group was created on 20 September 2006. The group comprises mostly, lower middle income countries.

The members consist of Jordan, Croatia, Ecuador, Georgia, El Salvador, Honduras, Indonesia, Morocco, Pakistan, Paraguay, and Sri Lanka.

The request is made to the G8.

G11 developing countries at their Summit at the Jordanian Dead Sea resort have agreed to push for cooperation with G8 industrialized nations to ease their debts and build prosperous economies. These countries and in fact most of the developing countries require fiscal and monetary space to maintain momentum on progress to lay the foundation for a diversified and sustainable economic growth.

The group asked for exploring avenues for enhancing cooperation among member states to shape their future development needs and strategies as well as greater cooperation with international partners for market access, enhanced productive capacities and development of scientific and technological skills and converting debts to financing aid projects.

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