G-77

Establishment:

• The Group of 77 (G-77) was established on 15 June 1964 by seventy-seven developing countries signatories of the “Joint Declaration of the Seventy-Seven Developing Countries” issued at the end of the first session of the United Nations Conference on Trade and Development (UNCTAD) in Geneva.
• Beginning with the first “Ministerial Meeting of the Group of 77 in Algiers (Algeria) on 10 – 25 October 1967, which adopted the Charter of Algiers”, a permanent institutional structure gradually developed which led to the creation of Chapters of the Group of 77.
• Although the members of the G-77 have increased to 134 countries, the original name was retained due to its historic significance.

Aims:

• The Group of 77 is the largest intergovernmental organization of developing countries in the United Nations which provides the means for the countries of the South to articulate and promote their collective economic interests and enhance their joint negotiating capacity on all major international economic issues within the United Nations system, and promote South-South cooperation for development.

Structure:

• The functioning and operating modalities of the work of the G-77 in the various Chapters have certain minimal features in common such as a similarity in membership, decision-making and certain operating methods.
• The Chairmanship, which is the highest political body within the organizational structure of the Group of 77, rotates on a regional basis (between Africa, Asia-Pacific and Latin America and the Caribbean) and is held for one year in all the Chapters.
• Currently the Republic of Guinea holds the Chairmanship of the Group of 77 in New York for the year 2021.
• The South Summit is the supreme decision-making body of the Group of 77.
• In accordance with the principle of geographical rotation, the Third South Summit is due to be held in Africa.