This bloc, originally formed in 1964 by 77 countries from the global South, aimed ‘to articulate and promote their collective economic interests and enhance their joint negotiating capacity’.
It’s worth noting that the G77 has since expanded to include 134 members, with China listed on the bloc’s website, despite China’s claim that it is not a full member.
The summit is set to host over 30 heads of state and government representing nations from Africa, Asia, and Latin America.
Bruno Rodriguez, the Foreign Minister of Cuba, briefed reporters on Wednesday, expressing the expectation that the summit will conclude on Saturday with a statement emphasizing the fundamental right to development within an international order increasingly characterized by exclusivity, injustice, and exploitation.
He further mentioned that a draft of the closing statement highlights the numerous challenges facing developing nations and includes a call for the establishment of a new global economic order.
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