Question

The meeting of G-15 countries held in Malaysia in 1997 was attended by: (a) 14 member countries

Answer 1

Formation
1989
1990 (Summit)
Purpose
Act as a catalyst for greater cooperation between leading developing countries.[2]
Location
Geneva, Switzerland
Membership
17
Algeria
Argentina
Brazil
Chile
Egypt
India
Indonesia
Iran
Jamaica
Kenya
Malaysia
Mexico
Nigeria
Senegal
Sri Lanka
Venezuela
Zimbabwe
G-15 Chair
Kenya
Website
www.g15.org

Answer 2

The meeting of G-15 countries held in Malaysia in 1997 was attended by 16 member countries.

Explanation:

• The sharp increase in both the external and domestic public debts of the G-15 countries led to a correlate with steep rise in their whole public debt, which, as a part of GDP, increase from the 33 % to 54 % between 1981-1982 and 1987-88.
• The total public debt of the four biggest debtors rose almost as fast during this period, increasing from 36 percent to 52 percent of GDP.

Learn more about G-15 countries:

G-15 is a group of :

(1) First World Nations

(3) Third World Nations

(2) Second World Nations

(4) Fourth World Nations

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