The Group of 77 at the United Nations is a loose coalition of developing nations, designed to promote its members' collective economic interests and create an enhanced joint negotiating capacity in the United Nations. There were 77 founding members of the organization, but the organization has since expanded to 132 member countries.
Algeria holds the Chairmanship for 2012.
The group was founded on June 15, 1964 by the "Joint Declaration of the Seventy-Seven Countries" issued at the United Nations Conference on Trade and Development (UNCTAD). The first major meeting was in Algiers in 1967, where the Charter of Algiers was adopted and the basis for permanent institutional structures was begun. There are Chapters of the Group of 77 in Rome (FAO), Vienna (UNIDO), Paris (UNESCO), Nairobi (UNEP) and the Group of 24 in Washington, D.C. (International Monetary Fund and World Bank).
Read more about Group Of 77: Members, Group of 24
Famous quotes containing the words group of and/or group:
“Now, honestly: if a large group of ... demonstrators blocked the entrances to St. Patrick’s Cathedral every Sunday for years, making it impossible for worshipers to get inside the church without someone escorting them through screaming crowds, wouldn’t some judge rule that those protesters could keep protesting, but behind police lines and out of the doorways?”
—Anna Quindlen (b. 1953)
“Laughing at someone else is an excellent way of learning how to laugh at oneself; and questioning what seem to be the absurd beliefs of another group is a good way of recognizing the potential absurdity of many of one’s own cherished beliefs.”
—Gore Vidal (b. 1925)