Group of 77 (G77): Understanding the International Organization for Developing Countries
The Group of 77 (G77) is a coalition of developing nations at the United Nations that was formed in 1964 by 77 developing countries at the UN Conference on Trade and Development (UNCTAD). The group was created to promote the economic and political interests of its member countries, and to provide a unified voice for the developing world. Today, the G77 has grown to 134 member countries and is the largest intergovernmental organization of developing countries in the United Nations. The G77 works to promote economic development, address global poverty, and improve the lives of people in member countries through cooperation and dialogue with developed nations and other international organizations.
How G77 Works?
The Group of 77 operates through a number of mechanisms to achieve its goals, including:
- Meetings and negotiations: The G77 holds regular meetings and negotiations at the United Nations to discuss and address issues of concern to member countries.
- Working groups: The G77 has established various working groups on specific issues, such as climate change, trade, and sustainable development, to address these issues in a more focused manner.
- Coordination with other organizations: The G77 works closely with other international organizations, such as the United Nations Development Programme (UNDP) and the World Bank, to promote development in member countries.
- Capacity building: The G77 provides capacity building and technical assistance to member countries to help them develop their economies and address development challenges.
- Advocacy: The G77 advocates for the interests of member countries at the United Nations and other international forums, and works to ensure that the voices of developing nations are heard in global decision-making processes.
Who funds G77?
The Group of 77 is not funded by any specific organization or entity. Instead, member countries contribute funds to the G77 through their contributions to the United Nations’ regular budget and other UN funds and programs. The G77 also receives support from other international organizations, such as the United Nations Development Programme (UNDP), and may receive financial assistance from donor countries for specific projects and initiatives.
Impact of G77
The Group of 77 has played a significant role in advocating for the interests of developing countries at the United Nations and other international forums. By working together, member countries of the G77 have been able to exert more influence on global decision-making processes and ensure that the perspectives of developing nations are taken into account.
The G77 has also contributed to the development of member countries through capacity building and technical assistance programs, and has worked to promote economic development and poverty reduction in member countries.
It has been an important voice for developing countries and has helped to bring attention to the challenges and needs of these nations on the global stage.
The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of The Kootneeti Team