Group of Eleven: Difference between revisions
for the love of all that's good people, PLEASE DO NOT link to Yahoo News!!! They aren't actually a news agency (just a collection of articles from orgs that ARE news agencies) and the links EXPIRE! |
m Merging Category:21st-century diplomatic conferences (Global) to Category:21st-century diplomatic conferences per Wikipedia:Categories for discussion/Log/2024 November 1#Category:21st-century diplomatic conferences (Afghanistan) |
||
| (58 intermediate revisions by 39 users not shown) | |||
| Line 1: | Line 1: | ||
[[Image:Group of Eleven.svg|500px|thumb|G11 Members]] |
|||
'''Group of Eleven''' ('''G11''') is a forum, |
'''Group of Eleven''' ('''G11''') is a forum, constituted by mostly [[developing country|developing countries]] aimed at easing their [[Developing countries' debt|debt]] burden ([[government debt]]), narrowing the [[income gap]] with [[developed country|rich countries]] and lifting their people out of [[poverty]]. |
||
==History== |
==History== |
||
| ⚫ | |||
King Abdullah of [[Jordan]] first proposed the group in 2005. |
King Abdullah of [[Jordan]] first proposed the group in 2005. |
||
===Objective=== |
|||
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. |
|||
===Creation=== |
===Creation=== |
||
The group was created on 20 September 2006. The group comprises mostly lower-middle-income countries. |
|||
In [[20 September]] [[2006]], [[Jordan]]'s [[King Abdullah II]] unveiled the ''Group of 11 (G11)'' mostly lower-middle income countries on the sidelines of the [[United Nations]] [[United Nations General Assembly|General Assembly]] in [[New York]] and appealed to the world's most developed economies for their assistance. |
|||
| ⚫ | |||
The members consist of [[Jordan]], [[Croatia]], [[Ecuador]], [[Georgia (country)|Georgia]], [[El Salvador]], [[Honduras]], [[Indonesia]], [[Morocco]], [[Pakistan]], [[Paraguay]], and [[Sri Lanka]]. |
|||
The request is made to the [[G8]]. |
|||
==May 2007 summit== |
|||
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. |
|||
G11 countries need targeted assistance and support from the developed countries to accelerate growth, lift millions from poverty and hasten the delivery of the fruits of reforms and social development to larger segments of their population. The G11 group need to enter into political dialogue with the G8 countries for their support to meet development objectives, encourage investment and have greater market access. |
|||
Outstanding Debt on the developing countries places a great burden on export earnings and fiscal revenues. Moreover, tariffs imposed by the G8 and other developed countries on imports are the major hurdles in the way of improving the living standard of the peoples of the developing and under developed countries through export led growth. |
|||
==G11 proposal on debt== |
|||
The G11 argues that it is in the interest of the G8 and others to enter into arrangement with the indebted countries and convert the debts into assistance for social development projects so that the poor masses could reap the fruits of development. This would help in reducing the gap between the rich and the poor, create more job opportunities, alleviate poverty and contribute to creating an atmosphere of goodwill, fraternity and understanding among the peoples leading to the cherished objective of prosperity, peace and stability around the globe. |
|||
==Participating countries== |
|||
*[[Image:Flag of Jordan.svg|24px]] [[Jordan]] |
|||
*[[Image:Flag of Croatia.svg|24px]] [[Croatia]] |
|||
*[[Image:Flag of Ecuador.svg|24px]] [[Ecuador]] |
|||
*[[Image:Flag of Georgia.svg|24px]] [[Georgia (country)|Georgia]] |
|||
*[[Image:Flag of Honduras.svg|24px]] [[Honduras]] |
|||
*[[Image:Flag of Indonesia.svg|24px]] [[Indonesia]] |
|||
*[[Image:Flag of Morocco.svg|24px]] [[Morocco]] |
|||
*[[Image:Flag of Pakistan.svg|24px]] [[Pakistan]] |
|||
*[[Image:Flag of Paraguay.svg|24px]] [[Paraguay]] |
|||
*[[Image:Flag of Sri Lanka.svg|24px]] [[Sri Lanka]] |
|||
*[[Image:Flag of Tunisia.svg|24px]] [[Tunisia]] |
|||
== |
==External links== |
||
* {{official website|http://www.groupofeleven.org}} |
|||
The group aims to persuade developed countries (mostly the [[G8]]) that given greater access to markets and debt forgiveness, they can harness growth and stability. |
|||
* {{official website|https://web.archive.org/web/2010*/http://www.groupofeleven.org|official website archive}} |
|||
{{South-South}} |
|||
===First year=== |
|||
2006 is the first year of acivities for G11, and '''Jordan''' will chair the group for that year. |
|||
[[Category:Intergovernmental organizations]] |
|||
{{int-org-stub}} |
|||
[[Category:Third World debt cancellation activism]] |
|||
[[Category:International economic organizations]] |
|||
[[Category:Economic country classifications]] |
|||
[[Category:21st-century diplomatic conferences]] |
|||
[[Category:Organizations established in 2006]] |
|||
[[Category:Trade blocs]] |
|||
[[Category:2006 in economic history]] |
|||
Latest revision as of 05:24, 9 November 2024
Group of Eleven (G11) is a forum, constituted by mostly developing countries aimed at easing their debt burden (government debt), narrowing the income gap with rich countries and lifting their people out of poverty.
History
[edit]King Abdullah of Jordan first proposed the group in 2005.
Objective
[edit]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.
Creation
[edit]The group was created on 20 September 2006. The group comprises mostly lower-middle-income countries.
Members
[edit]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.
May 2007 summit
[edit]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.
G11 countries need targeted assistance and support from the developed countries to accelerate growth, lift millions from poverty and hasten the delivery of the fruits of reforms and social development to larger segments of their population. The G11 group need to enter into political dialogue with the G8 countries for their support to meet development objectives, encourage investment and have greater market access.
Outstanding Debt on the developing countries places a great burden on export earnings and fiscal revenues. Moreover, tariffs imposed by the G8 and other developed countries on imports are the major hurdles in the way of improving the living standard of the peoples of the developing and under developed countries through export led growth.
G11 proposal on debt
[edit]The G11 argues that it is in the interest of the G8 and others to enter into arrangement with the indebted countries and convert the debts into assistance for social development projects so that the poor masses could reap the fruits of development. This would help in reducing the gap between the rich and the poor, create more job opportunities, alleviate poverty and contribute to creating an atmosphere of goodwill, fraternity and understanding among the peoples leading to the cherished objective of prosperity, peace and stability around the globe.