What Is the Group of 11?
Let me explain what the Group of 11, or G-11, really is. It's a coalition of developing countries formed to lighten their debt loads so they can channel more resources into economic development. This group came together on September 20, 2006, and it was King Abdullah of Jordan who first proposed it. You'll find that the members are primarily lower-middle-income countries.
Who Are the G-11 Members?
The current G-11 countries include Croatia, Ecuador, El Salvador, Georgia, Honduras, Indonesia, Jordan, Morocco, Pakistan, Paraguay, and Sri Lanka. Note that Tunisia was originally in the mix but got replaced by El Salvador back in 2007.
Understanding the Group of 11 (G-11)
As a reader interested in international economics, you should know that G-11 members see their heavy debts as a major barrier to progress, eating up a lot of their export income and government revenues. They argue it's in everyone's best interest—especially for developed nations—if this debt gets forgiven or turned into funding for development projects.
Beyond that, tariffs from the G-7 and other advanced economies slow down their income growth and living standards, particularly since many rely on exports for development. That's why the G-11 pushes for partnerships with G-7 countries to gain better market access, cut tariffs, and attract investments. In my view, they make a solid point that international donors can boost global peace and security by supporting these nations in achieving steady economic growth.
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