: 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 - (19) Algeria, Argentina, Brazil, Chile, Colombia, 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 - (130 plus the Palestine Liberation Organization) Afghanistan,
Algeria, Angola, Antigua and Barbuda, Argentina, The Bahamas, Bahrain,
Bangladesh, Barbados, Belize, Benin, Bhutan, Bolivia, Bosnia and
Herzegovina, Botswana, Brazil, Brunei, Burkina Faso, Burma, Burundi,
Cambodia, Cameroon, Cape Verde, Central African Republic, Chad, Chile,
China, Colombia, Comoros, Democratic Republic of the Congo, Republic of
the Congo, Costa Rica, Cote d'Ivoire, Cuba, Djibouti, Dominica,
Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial
Guinea, Eritrea, Ethiopia, Fiji, Gabon, The Gam
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