G77

The G77 is a significant intergovernmental organization composed of 135 developing countries. It was founded in 1964 by 77 developing countries at the end of the first session of the United Nations Conference on Trade and Development (UNCTAD). The group's primary purpose is to promote the collective economic interests of its members and to foster greater cooperation and solidarity among developing nations.

The G77 aims to provide a platform for developing countries to articulate their common positions on global economic issues, advocate for more equitable trade and development policies, and push for greater representation in international decision-making processes. Its agenda has historically focused on issues such as poverty reduction, sustainable development, fair trade practices, access to technology, and the reform of global financial institutions.

While its membership has grown substantially beyond the original 77, the name has been retained. The G77 operates primarily within the United Nations system, serving as a bloc that negotiates and coordinates the positions of its member states on various economic and social matters. It is a crucial voice for the Global South in international forums.