section_path: Membership/Group of 77
section_name: Group of 77
paragraph_text: Group of 77
  
  The Group of 77 (or the G77) at the UN is a loose coalition of developing nations that is designed to promote its members' collective economic interests and create an enhanced joint negotiating capacity in the UN. Seventy-seven nations founded the organization, but by November 2013 the organization had since expanded to 133 member countries. The group was founded 15 June 1964 by the "Joint Declaration of the Seventy-Seven Countries" issued at the United Nations Conference on Trade and Development (or the UNCTAD). The group held its first major meeting in Algiers in 1967, where it adopted the Charter of Algiers and established the basis for permanent institutional structures. With the adoption of the New International Economic Order by developing countries in the 1970s, the work of the G77 spread throughout the UN system. Similar groupings of developing states also operate in other UN agencies, such as the Group of 24 (or the G-24), which operates in the IMF on monetary affairs.