The Group of 77 developing countries will face a critical juncture in 2015 in regard to the global development program, Mohammad Javad Zarif said on Friday in an address to a joint session of the G77 and the Non-Aligned Movement (NAM), held in Algeria.
He stressed that “fundamental development” will be achievable provided that the developing nations unite and act in a coordinated manner.
In 2015, the G77 members should be able to devise tangible plans to acquire development and define short-term objectives, the Iranian foreign minister explained.
“Achieving the entire goals requires coordinated and unified attention by the whole Group (of 77) members,” Zarif said.
The Group of 77 was founded on June 15, 1964, by the Joint Declaration of the Seventy-Seven Developing Countries issued at the conclusion of the United Nations Conference on Trade and Development (UNCTAD).
The group is a coalition of developing countries designed to promote its members’ collective economic interests and create an enhanced joint negotiating capacity in the UN. The founding members of the organization were 77 countries, but by November 2013 the number of its member states increased to 133.