Al Mayadeen English

  • Ar
  • Es
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Palestinian Ministry of Health: 22 Palestinians were injured by Israeli occupation gunfire east of Gaza Strip
Palestinian Ministry of Health: 14 Palestinians were injured by Israeli occupation gunfire near the Israeli-erected fence east of Gaza Strip
Palestinian Ministry of Health: Seven Palestinians were injured by Israeli occupation gunfire east of Gaza Strip
Sources to Al Mayadeen: Israeli occupation prison administration transfers hunger-striking prisoner Kayed al-Fafsous to solitary confinement in Asqalan prison
Head of Crimea: Russian air defenses shot down cruise missiles over Crimea.
Sevastopol Governor: Another attack on city still possible.
Governor of Russia's Sevastopol: Headquarters of Russia's Black Sea fleet in Sevastopol comes under missile strike.
Chinese President: Beijing ready to develop cooperation with Syria and for joint defense of international justice amid instability.
Chinese President Xi Jinping while receiving his Syrian counterpart: China and Syria moving toward announcing strategic partnerships.
Algerian Foreign Minister: Africa's Sahel region has become a focal point for terrorist armies armed with the latest weapons, and in control of a large geographical region.

G77 draft statement rejects coercive measures against Global South

  • By Al Mayadeen English
  • Source: Agencies
  • 16 Sep 2023 00:23

The coalition confirms in its statement the need to reform the multi-lateral financial framework.

  • G77 preliminary statement: Global financial system must be reformed
    Country leaders take a commemorative photo during the G77+China summit held in Havana, Cuba, on Friday, September 15, 2023 (Saudi Foreign Ministry Twitter account)

The preliminary statement from the G77+China Summit reaffirmed the group's dedication to strengthening unity and solidarity in pursuit of the members' shared goals.

Highlighting the current challenges faced by countries in the Global South, particularly the unjust international economic system, the statement underscored the pressing need for a comprehensive reform of the multi-lateral financial framework and the adoption of a more inclusive and coordinated approach.

Furthermore, the draft statement firmly opposed the imposition of unilateral coercive measures and sanctions, emphasizing that they are in violation of the principles of the United Nations Charter and international law.

The statement also placed a strong emphasis on fostering increased collaboration between the Global North and South.

Lastly, member and participant nations acknowledged in the statement the transformative potential of science, technology, and innovation in advancing societies.

Read more: Maduro from G77: This era belongs to anti-imperialistic nations

Related News

World Bank: Israeli restrictions have dire impacts on Palestinians

Over 330mln children still living in extreme poverty: UN report

Stay tuned for the special coverage #AlMayadeen is launching from #Havana on the #G77 Summit from September 12 to the 17th.

The Group of 77 is the largest intergovernmental organization of developing countries in the #UN, which provides the means for the countries of the South… pic.twitter.com/ecG55QwIb2

— Al Mayadeen English (@MayadeenEnglish) September 12, 2023

Founded back in 1964, the G77 quickly became a focal point for the world's economic landscape. The bloc later emerged as an international platform uniting developing nations and enabling them to voice their concerns, advocate their interests, coordinate their stances, and negotiate with developed nations.

This year's event, however, is not like the ones held previously. At the heart of the 2023 summit is China; the main driver today toward a multipolar world and a primary leading power of the Global South.

Read more: Cuban President at G77: Challenges today caused by unjust world order

The G77+China Summit held in Cuba's Havana is considered a milestone event that is expected to have global geopolitical implications not only for its host country but also for China specifically, as well as the broader Global South.

Read more: G77 + China Summit: Global cooperation led by Cuba

With the #G77 and #China Summit coming up in #Havana, here's what you need to know about the group that accounts for 80% of the world's population.#Cuba #G77yChina pic.twitter.com/pedbbl1Wys

— Al Mayadeen English (@MayadeenEnglish) September 14, 2023

  • World Bank
  • G77
  • G77+China
  • International Monetary Fund
  • China
  • Cuba

Most Read

Ukrainian soldiers ride an APC on the front line near Bakhmut, in the Donetsk region, on June 5, 2023 (AP)

US sees Ukrainian army demoralized, no chance to win: Seymour Hersh

  • Europe
  • 21 Sep 2023
Ukraine lost around 85% of its initial mobilized force: Field general

Ukraine lost around 85% of its initial mobilized force: Field general

  • Europe
  • 16 Sep 2023
'Israel's' railroad network targeted by cyberattack: Israeli media

'Israel's' railroad network targeted by cyberattack: Israeli media

  • Palestine
  • 16 Sep 2023
Old habits, linger … linger well past the time when old rituals (an Israeli PM visit to the Oval Office) had agency and the world hung on the outcome. (Al Mayadeen English; Illustrated by Arwa Makki)

Will a tripartite US-Saudi-Israeli ‘Deal’ make Any difference?

  • Opinion
  • 16 Sep 2023

Coverage

All
Morocco & Libya Disasters

Read Next

All
CAR leader blames West's 'plundering' of Africa for migrant crisis
Africa

West's pillage of Africa natural resources behind migrant crisis: CAR

US to strengthen border control with 800 additional troops.
US & Canada

US to fortify southern border control with 800 additional troops

French politican calls for stopping weapon shipments to Kiev
Europe

French politician demands no more weapons shipments to Kiev

France and Germany at odds once again over US arms
Europe

US arms purchases has France, Germany at odds, again

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS