The bloc provides the means for the countries of the South to articulate and promote their collective economic interests and enhance their joint negotiating capacity on all major global economic issues within the United Nations system, and promote South-South cooperation for development.
Laying out his vision for concrete steps the world can take in 2018 to maximise the contribution millions of migrants are already making to our societies and to agree a set of actions to ensure that the rights of all migrants are fully respected, United Nations Secretary-General Antnio Guterres has said the issue of migration calls for a truly global response."Let me emphasise: migration is a positive global phenomenon".
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The G77, established on June 15, 1964, now has 134 members including India and is the largest intergovernmental organisation of developing countries in the UN.
"We share the concern of a more democratic United Nations, with power divided in a more balanced way and with more effective diversity in the regional representation at all bodies of the United Nations", he said.
Guterres said that the G77 has been the "central pillar in the defence of multilateralism and these are not easy times for multilateralism".
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"And, of course the centre of that is the reform of the Security Council", he said. "It powers economic growth, reduces inequalities, connects diverse societies and helps us ride the demographic waves of population growth and decline", said Mr Guterres, launching his report, Making Migration Work for All, at UN Headquarters, in NY on Thursday.Globally, migrants make a major contribution to global development both by their work as well as through remittances back to their home countries.
He expressed appreciation for the role of the G77 in "avoiding a dramatic reduction in our budget and in preserving the development sector in those negotiations". "At a moment when others are failing, I see the largest economies of the Group of 77 and China to be assuming the leadership in climate action to make sure that we don't suffer the dramatic and devastating impacts of climate change".
Development and eradication of poverty would be a priority of the group.
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For this, employment and the productive capacities of the developing countries have to increase and, in particular, development has to be labour intensive to provide jobs for the youth. Find us on Facebook too!