The Fort Worth Press - G77+China summit in Cuba seeks 'new economic world order'

USD -
AED 3.67325
AFN 63.000155
ALL 83.300127
AMD 377.180904
ANG 1.790083
AOA 916.999757
ARS 1394.448599
AUD 1.417655
AWG 1.8025
AZN 1.6971
BAM 1.704371
BBD 2.014946
BDT 122.754882
BGN 1.709309
BHD 0.377732
BIF 2970
BMD 1
BND 1.283525
BOB 6.913501
BRL 5.246299
BSD 1.000436
BTN 93.206388
BWP 13.651833
BYN 3.093542
BYR 19600
BZD 2.012088
CAD 1.372575
CDF 2270.000396
CHF 0.791235
CLF 0.023156
CLP 914.379684
CNY 6.87305
CNH 6.89632
COP 3703.61
CRC 468.079358
CUC 1
CUP 26.5
CVE 97.049984
CZK 21.22835
DJF 178.150177
DKK 6.480435
DOP 58.950413
DZD 132.005031
EGP 52.2452
ERN 15
ETB 156.999641
EUR 0.86741
FJD 2.23025
FKP 0.750673
GBP 0.747055
GEL 2.715039
GGP 0.750673
GHS 10.904968
GIP 0.750673
GMD 73.999876
GNF 8779.999841
GTQ 7.652926
GYD 209.305771
HKD 7.83277
HNL 26.570028
HRK 6.531202
HTG 131.227832
HUF 339.5165
IDR 16947
ILS 3.121905
IMP 0.750673
INR 93.20245
IQD 1310
IRR 1314999.999833
ISK 124.749962
JEP 0.750673
JMD 157.168937
JOD 0.708999
JPY 158.280503
KES 129.549677
KGS 87.447903
KHR 4010.000373
KMF 428.000031
KPW 899.987979
KRW 1495.759743
KWD 0.30655
KYD 0.833751
KZT 481.121429
LAK 21449.999666
LBP 89549.999831
LKR 311.846652
LRD 183.349858
LSL 16.820347
LTL 2.95274
LVL 0.60489
LYD 6.380056
MAD 9.37375
MDL 17.532561
MGA 4169.999987
MKD 53.541262
MMK 2099.739449
MNT 3585.842291
MOP 8.07209
MRU 40.11977
MUR 46.509725
MVR 15.45991
MWK 1735.999806
MXN 17.82539
MYR 3.939504
MZN 63.90203
NAD 16.820186
NGN 1356.496902
NIO 36.720261
NOK 9.50675
NPR 149.125498
NZD 1.711029
OMR 0.384488
PAB 1.000471
PEN 3.427497
PGK 4.302749
PHP 59.907065
PKR 279.298917
PLN 3.70548
PYG 6500.777741
QAR 3.643992
RON 4.426802
RSD 101.887676
RUB 85.999263
RWF 1459
SAR 3.75469
SBD 8.04524
SCR 14.217553
SDG 600.99976
SEK 9.336502
SGD 1.280125
SHP 0.750259
SLE 24.650087
SLL 20969.510825
SOS 571.498731
SRD 37.375029
STD 20697.981008
STN 21.5
SVC 8.753927
SYP 110.528765
SZL 16.820303
THB 32.775498
TJS 9.579415
TMT 3.5
TND 2.9175
TOP 2.40776
TRY 44.318502
TTD 6.781035
TWD 31.891704
TZS 2597.513194
UAH 43.994632
UGX 3781.362476
UYU 40.523406
UZS 12174.999707
VES 450.94284
VND 26290
VUV 119.408419
WST 2.73222
XAF 571.660014
XAG 0.014177
XAU 0.000217
XCD 2.70255
XCG 1.803034
XDR 0.710959
XOF 566.499323
XPF 103.901218
YER 238.575027
ZAR 16.857025
ZMK 9001.199188
ZMW 19.584125
ZWL 321.999592
  • RBGPF

    0.1000

    82.5

    +0.12%

  • CMSC

    -0.0400

    22.79

    -0.18%

  • RYCEF

    -0.5900

    16.01

    -3.69%

  • GSK

    0.1600

    52.22

    +0.31%

  • BCC

    -2.2900

    69.55

    -3.29%

  • RELX

    -0.2100

    33.65

    -0.62%

  • CMSD

    0.0810

    22.971

    +0.35%

  • RIO

    -3.0500

    84.67

    -3.6%

  • NGG

    -2.1000

    85.3

    -2.46%

  • JRI

    -0.0960

    12.227

    -0.79%

  • VOD

    -0.0380

    14.332

    -0.27%

  • BCE

    -0.0700

    25.68

    -0.27%

  • BTI

    0.1900

    58.28

    +0.33%

  • AZN

    0.0050

    188.425

    0%

  • BP

    1.8650

    46.475

    +4.01%

G77+China summit in Cuba seeks 'new economic world order'
G77+China summit in Cuba seeks 'new economic world order' / Photo: © AFP

G77+China summit in Cuba seeks 'new economic world order'

The G77+China, a group of developing and emerging countries representing 80 percent of the global population, gathers Friday in Cuba seeking to promote a "new economic world order" amid warnings of growing polarization.

Text size:

United Nations chief Antonio Guterres, who arrived on the island Thursday, will join some 30 heads of state and government from Africa, Asia and Latin America at the two-day summit in Havana.

The meeting should conclude Saturday with a statement underscoring "the right to development in an increasingly exclusive, unfair, unjust and plundering international order," the foreign minister of host Cuba, Bruno Rodriguez, told reporters on Wednesday.

A draft of the closing statement underlines the many obstacles facing developing nations, and includes "a call for the establishment of a new economic world order," he said.

The bloc was established by 77 countries of the global South in 1964 "to articulate and promote their collective economic interests and enhance their joint negotiating capacity," according to the group's website.

Today it has 134 members, among which the website lists China although the Asian giant says it is not a full member.

Cuba took over the rotating presidency in January.

Guterres, who will deliver the opening address with Cuban President Miguel Diaz-Canel, has recently attended a rash of multilateral summits, including a gathering of the G20 club of major economies in India and the BRICS group that includes Russia.

Ahead of the Havana meeting, Guterres said "this multiplicity of summits reflects the growing multipolarity of our world."

And he warned that "multipolarity could be a factor for escalating geostrategic tensions, with tragic consequences."

For his part, Diaz-Canel said on X, formerly Twitter, that Cuban summit participants would "reaffirm our commitment to multilateralism, cooperation and development."

- 'A valid interlocutor' -

Among the leaders expected to attend are Brazil's Luiz Inacio Lula da Silva, Colombia's Gustavo Petro and Alberto Fernandez of Argentina.

China will be represented by top Communist Party official Li Xi.

The presence of world leaders on its soil amounts to "a recognition for the Cuban government" even as the country battles its worst economic crisis in 30 years, an analyst told AFP.

"Despite the difficulties of the moment, Cuba has been recognized as a valid interlocutor," said Cuban international relations expert Arturo Lopez-Levy, a visiting professor at the Autonomous University of Madrid.

The communist-ruled island is still under the yoke of US sanctions first imposed in 1962.

Diaz-Canel has in recent months represented the G77+China at several international meetings including a June global financial summit in Paris and an EU meeting in July with Latin American and Caribbean states.

The Havana summit theme is the role of "science, technology and innovation" in development.

"I will focus on getting the 2030 Agenda back on track," said Guterres, referring to a list of UN goals to end poverty and hunger and brake climate change, among others.

A.Maldonado--TFWP