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.

History

Proposal

King Abdullah of Jordan first proposed the group in 2005.

Creation

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 General Assembly in New York and appealed to the world's most developed economies for their assistance.

Participating countries

• Jordan
• Croatia
• Ecuador
• Georgia
• El Salvador
• Honduras
• Indonesia
• Morocco
• Pakistan
• Paraguay
• Sri Lanka
• Tunisia

Activities

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.

First year

2006 was the first year of activities for G11, and Jordan chaired the group for that year. Former Minister of Foreign Affairs of Jordan, Farouq Qasrawi, current advisor to the King of Jordan, has started touring the G-11 countries in order to coordinate prior to the May 2007 World Economic Forum meeting set to take place at the Dead Sea in Jordan.