Group of 11 - G11

AAA

DEFINITION of 'Group of 11 - G11'

A forum of developing (lower-middle income) countries created for the purpose of easing member countries' debt burdens so that they can instead focus financial resources on increasing internal wealth development. The G11 came into existence on September 20, 2006 and was originally conceived of by King Abdullah of Jordan.

The G11 member countries are: Croatia, Ecuador, El Salvador, Georgia, Honduras, Indonesia, Jordan, Morocco, Pakistan, Paraguay and Sri Lanka.

INVESTOPEDIA EXPLAINS 'Group of 11 - G11'

G11 member countries seek primarily to work with G8 member countries for increased market access, lower tariffs, investment and debt relief. G11 members believe that the international donor community can help accelerate global peace and security by helping those countries achieve sustained economic growth.

RELATED TERMS
  1. Tariff

    A tax imposed on imported goods and services. Tariffs are used ...
  2. Plaza Accord

    A 1985 agreement among the G-5 nations (France, Germany, the ...
  3. Group Of Twenty - G-20

    A group of finance ministers and central bank governors from ...
  4. Group of Five - G-5

    Name given to the five industrialized nations that meet periodically ...
  5. Group Of Seven - G-7

    A forum of the world's seven most industrialized economies. The ...
  6. Group of Eight - G-8

    Eight of the world's economically leading countries that in a ...
Related Articles
  1. Can The IMF Solve Global Economic Problems?
    Economics

    Can The IMF Solve Global Economic Problems?

  2. What Is International Trade?
    Personal Finance

    What Is International Trade?

  3. Getting Into International Investing ...
    Mutual Funds & ETFs

    Getting Into International Investing ...

  4. What Is The World Bank?
    Insurance

    What Is The World Bank?

comments powered by Disqus
Hot Definitions
  1. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  2. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  3. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  4. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  5. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
  6. Earnings Before Interest After Taxes - EBIAT

    A financial measure that is an indicator of a company's operating performance. EBIAT, which is equivalent to after-tax EBIT ...
Trading Center