The G77+China Summit begins on Friday in Cuba. Developing countries want a more “fair” international order, strengthening the global financial safety net and greater access to finance.
Heads of State and government representatives from around 100 of the 134 member countries of the G77+China begin a two-day meeting this Friday in Havana, with the aim of promoting a “just” international order for developing states.
“Current development challenges: the role of science, technology and innovation” is the theme of the event that precedes the United Nations General Assembly, which will take place between the 19th and the 26th in New York, but the reforms of multilateral institutions will also occupy the debates.
G77+China. The Global South meets in Havana to discuss a “more just future”, but does not want to “choose a side”
Among the more than 30 heads of state who confirmed their presence in Havana are the presidents of Angola, João Lourenço, of Brazil, Luiz Inácio Lula da Silva, of Mozambique, Filipe Nyusi, the Minister of Foreign Affairs of Timor-Leste, Blessed Freitas. and representatives of the governments of almost all CPLP member states.
The Secretary-General of the United Nations, António Guterres, will open the meeting, after, in a message to the summit of the G77+China given this week, considering it “very important that the countries develop today to guarantee the necessary transformations in the international systems, So create conditions so that they can face challenges and regain momentum in their development.”
The summit gives special visibility to Cuban diplomacy –Cuba assumes for the first time the “pro tempore” presidency of the G77+China Group–, which since the beginning of the year has placed the emphasis of its mandate on urgency of reforming the multilateral financial system.
Developing countries require Strengthen the global financial safety net and greater and more equitable access to international finance in times of crisis.specifically through the periodic issuance of Special Drawing Rights and another of its greatest concerns is the issue of debt.
They also want changes in the governance of the World Bank and the International Monetary Fund, which would allow them to strengthen their participation in these organizations.
The G77 was created in 1964 within the UN, within the group of Non-Aligned countries, by 77 developing countries. Today it has 134 members. China, which is not considered a member of the group, has participated in the G77 since 1992.
Source: Observadora
