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2025 to Fulfill Promises to Developing Nations - UN Chief | Group of 77 (G-77) | United Nations

Speaking at the handover ceremony of the presidency of the Group of 77 (G-77), Secretary-General António Guterres today (13 Jan) said, “2025 must be the year of keeping promises to developing countries.” Iraqi Minister of Foreign Affairs, Fuad Hussein accepted the presidency on behalf of his country from Uganda’s delegation. In his opening remarks, Hussein highlighted Iraq’s priorities for its presidency. He said, “we will work on enhancing collective efforts to deal with the effects of climate change on developing countries, and to ensure international support to implement climate adaptation changes, and to support climate financing for developing countries to adapt with climate change and the use of renewable and sustainable energy, and the protection of national resources and dealing with desertification and protecting biodiversity that many Member States are affected by.” Hussein also emphasized “the importance of the reform of the international financial structure, including reforming the governance of international finance and institutions, and MDBs, especially the IMF and the World Bank, in order to enhance the voice of developing countries and their representation in decision making on the economic international level and in global economic governance.” Addressing the membership, Guterres, for his part said, “we are living through a period of devastating conflicts and violence from Gaza to the wider Middle East, to the Sahel, to Ukraine and beyond; a period of climate disasters that has bettered many of your countries with deadly heatwaves, melting glaciers, droughts, rising seas, floods and storms, while constraining already limited fiscal space and realizing development gains; a period in which the Sustainable Development Goals and the futures of millions of people around the world hang in the balance.” He said, “for too long, in too many ways, developing countries have been handed a raw deal; a raw deal on finance, in which development is deferred time and again by a lack of adequate and affordable finance and grinding cycles of debt service. A raw deal on climate support, with countries denied the resources required to build resilience and the world's climate catastrophe they did little to cause; and a raw deal on representation at key decision-making bodies, from the global financial architecture to the governance of ground breaking technology, to the UN Security Council itself.” The Secretary-General said efforts must be intensified in 2025 “to make the Sustainable Development Goals a reality for all people in all places; to put an end to poverty and hunger, transform education and create jobs, and provide equitable and the affordable access to energy, technology, finance and markets, essential elements for developing countries to prosper; and to ensure developing countries can access the financial resources required to fuel development.” The G-77 was established on 15 June 1964 by seventy-seven developing countries signatories of the “Joint Declaration of the Seventy-Seven Developing 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 (Algeria) on 10 – 25 October 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 with Liaison offices in Geneva (UNCTAD), Nairobi (UNEP), Paris (UNESCO), Rome (FAO/IFAD), Vienna (UNIDO), and the Group of 24 (G-24) in Washington, D.C. (IMF and World Bank). Although the members of the G-77 have increased to 134 countries, the original name was retained due to its historic significance. It is the largest intergovernmental organization of developing countries in the United Nations, which 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 international economic issues within the United Nations system, and promote South-South cooperation for development.