The Group of 77 at the United Nations is a loose coalition of the less developed countries in the world, designed to promote its members' collective economic interests and create an enhanced joint negotiating capacity in the United Nations. There are currently 133 member countries.
The group was founded on June 15 1964 by the "Joint Declaration of the Seventy-Seven Countries" issued at the United Nations Conference on Trade and Development (UNCTAD). The first major meeting was in Algiers in 1967, where the Charter of Algiers was adopted and the basis for permanent institutional structures was begun. There are Chapters of the Group of 77 in Rome (FAO), Vienna (UNIDO), Paris (UNESCO), Nairobi (UNEP) and the Group of 24 in Washington, D.C (IMF and World Bank).