Question

what led to the formation of group of 77 in1960s

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.[1] There were 77 founding members of the organization, but by November 2013 the organization had since expanded to 134 member countries (including China).[2] 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.

Answer 2

The Group of 77 (G-77) was established on 15 June 1964 by seventy-seven developing countries signatories of the "Joint Declaration of the Seventy-Seven Countries" issued at the end of the first session of the United Nations Conference on Trade and Development (UNCTAD) in Geneva. Beginning with the first Ministerial Meeting of the Group of 77 in Algiers in 1967 which adopted the Charter of Algiers, a permanent institutional structure gradually developed which led to the creation of Chapters of the Group of 77 in Rome (FAO), Vienna (UNIDO), Paris (UNESCO), Nairobi (UNEP) and the Group of 24 in Washington, D.C. (IMF and World Bank). Although the membership of the G-77 has increased to 133 countries, the original name was retained because of its historic significance.