-8): established - October 1975
aim - to facilitate economic cooperation among the developed countries
(DCs) that participated in the Conference on International Economic
Cooperation (CIEC), held in several sessions between December 1975 and
3 June 1977
members - (8) Canada, France, Germany, Italy, Japan, Russia, UK, US
Group of 9 (G-9): established - NA
aim - to discuss matters of mutual interest on an informal basis
members - (9) Austria, Belgium, Bulgaria, Denmark, Finland, Hungary,
Romania, Serbia, Sweden
Group of 10 (G-10): note - also known as the Paris Club; includes the
wealthiest members of the IMF who provide most of the money to be
loaned and act as the informal steering committee; name persists
despite increased membership
established - October 1962
aim - to coordinate credit policy
members - (11) Belgium, Canada, France, Germany, Italy, Japan,
Netherlands, Sweden, Switzerland, UK, US
observers - (4) BIS, EU, IMF, OECD
Group of 11 (G-11): note - also known as the Cartagena Group
established in 21-22 June 1984, in Cartagena, Colombia, aim was to
provide a forum for largest debtor nations in Latin America; members
were: Argentina, Bolivia, Brazil, Chile, Colombia, Dominican Republic,
Ecuador, Mexico, Peru, Uruguay, Venezuela
Group of 15 (G-15): note - byproduct of the Nonaligned Movement; name
persists despite increased membership
established - September 1989
aim - to promote economic cooperation among developing nations; to act
as the main political organ for the Nonaligned Movement
members - (18) Algeria, Argentina, Brazil, Chile, Egypt, India,
Indonesia, Iran, Jamaica, Kenya, Malaysia, Mexico, Nigeria, Peru,
Senegal, Sri Lanka, Venezuela, Zimbabwe
Group of 24 (G-24): established - 1 August 1989
aim - to promote the interests of developing countries in Africa, Asia,
and Latin America within the IMF
members - (24) Algeria, Argentina, Brazil, Colombia, Democratic
Republic of the Congo, Cote d'Ivoire, Egypt, Ethiopia, Gabon, Ghana,
Guatemala, India, Iran, Lebanon, Mexico, Nigeria, Pakistan, Peru,
Philippines, South Africa, Sri Lanka, Syria, Trinidad and Tobago,
Venezuela
observers - (1) China
Group of 77 (G-77): established - 15 June1964; October 1967 first
ministerial meeting
aim - to promote economic cooperation among developing countries; name
persists in spite of increased membership
members - (129 plus the Palestine Liberation Organization) Afgha
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