What is Group of 77
The Group of 77 is the largest intergovernmental organization of developing nations in the United Nations. It was created on June 15, 1964, and has since expanded to 130 members. The group enables countries to jointly leverage their negotiating capacity related to major international economic issues within the U.N. and "promote their collective economic interests." The group also works to more rapidly facilitate South-South cooperative efforts to foster development. The group held its first meeting on October 25, 1967. The result of the initial meeting was a proposed institutional structure dubbed the "Charter of Algiers." The Group of 77 is also known as the G-77.
BREAKING DOWN Group of 77
The Group of 77 has liaison offices in Washington, D.C. (IMF and World Bank), Geneva (UNCTAD), Paris (UNESCO), Vienna (UNIDO), Nairobi (UNEP), and Rome (FAO/IFAD). Member countries finance the group's activities through contributions. All G-77 chapters are unified by a chairman, who coordinates all activities and functions as a spokesperson for the group. This leadership role is annually rotated.
The chief decision-making exercise of the Group of 77 is known as the South Summit. From April 10, 2000, through April 14, 2000, the first South Summit occurred in Havana, Cuba. From June 12, 2005, through June 16, 2005, Doha, Qatar hosted the second South Summit. It remains to be determined, where the third South Summit will take place.
Group of 77 Meetings and Functions
The United Nations in New York is home to the Group of 77’s annual meeting of the ministers
for foreign affairs. This event is ritually held at the start of the General Assembly’s regular session. Special ministerial meetings can be called on an ad-hoc basis. For example, the group may convene to recognize the milestone anniversaries of its founding.
The Group of 77 also contributes to various main committees of the General Assembly, ECOSOC, and other subsidiary bodies. It also sponsors and negotiates resolutions and decisions at major conferences and other meetings held under the umbrella of the United Nations.