Group of Five
| |
Nations of the G5 | |
| Formation | 2005 |
|---|---|
| Membership | Group of Five |
| Leader | Brazil |
The Group of Five (G5), also known as the Outreach Five (O5), encompasses five nations which have joined for an active role in the rapidly evolving international order. Individually and as a group, the G5 nations work to promote dialogue and understanding between developing and developed countries. The G5 seek to find common solutions to global challenges. In the 21st century, the G5 were understood to be the five largest emerging economies.
The G8 plus the five largest emerging economies has come to be known as G8+5. The Group of Five was invited collectively at G8 summits from 2005 to 2009. However, the 2014 exclusion of Russia from the G8 and the rise in importance of the BRICS starting in 2009, made of the same countries minus Mexico plus Russia, brought an end to meetings in "Group of Five" format.