Question

Explain the term G-77

Answer 1

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. Palestine, an observer state of the United Nations, is to chair the group from January 2019.

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).

Answer 2

Explanation:

1) G 77 it's a group of 77countries which were in a developing period and they were afraid of IMF and World bank because it is under colonial power.

2) So hence most of the new nation had the risk of being exploited again

3) The organised themselves into Group called G -77........