The Group of 77 (G77) at the United Nations is a 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 by November 2013 the organization had since expanded to 134 member countries (including China). Since China participates in the G77 but does not consider itself to be a member, all official statements are issued in the name of The Group of 77 and China.
Egypt holds the Chairmanship for 2018.
The group was founded on 15 June 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 Geneva (UN), Rome (FAO), Vienna (UNIDO), Paris (UNESCO), Nairobi (UNEP) and the Group of 24 in Washington, D.C. (International Monetary Fund and World Bank).
The group has been credited with common stance against apartheid and for supporting global disarmament. It has been supportive of the New International Economic Order. It has been subject to criticism for its lackluster support, or outright opposition, to pro-environmental initiatives, which the group considers secondary to economic development and poverty-eradication initiatives.
The Group of 77 lists China as one of its members. The Chinese government provides consistent political support to the G77 and has made financial contributions to the Group since 1994, but it does not consider itself to be a member. As a result, official statements of the G77 are delivered in the name of The Group of 77 and China.
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The Group of 24 (G-24) is a chapter of the G-77 that was established in 1971 to coordinate the positions of developing countries on international monetary and development finance issues and to ensure that their interests were adequately represented in negotiations on international monetary matters. Every member of the G-24, except for Mexico, is also a member of the G77. Although membership in the G-24 is strictly limited to 24 countries, any other member of the G-77 can join discussions.
Mr. Chair, I have the honour to deliver this statement on behalf of the Group of 77 and China.
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