Group of Seventy-seven

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The Group of Seventy-Seven (G-77) was established in 1964, at the end of the first session of the United Nations Conference on Trade and Development (UNCTAD) in Geneva. It was formed to articulate and promote the collective economic interests of its members and to strengthen their joint negotiating capacity on all major international economic issues in the United Nations system. The membership of the G-77 has expanded to 130 member countries, but the original name has been retained because of its historical significance.