The decision was made during a meeting in Vienna on Wednesday.
The Group of 77 (G-77) was established on June 15, 1964 by seventy-seven developing countries signatories of the Joint Declaration of the Seventy-Seven 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 in 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 130 countries, the original name was retained because of its historic significance.
The Algerian ambassador to the IAEA is the outgoing chairman of the G-77.
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