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

USD -
AED 3.672945
AFN 68.452776
ALL 93.048382
AMD 390.177793
ANG 1.816976
AOA 912.000099
ARS 998.254804
AUD 1.545095
AWG 1.8
AZN 1.698032
BAM 1.853558
BBD 2.03554
BDT 120.47462
BGN 1.854815
BHD 0.376842
BIF 2977.069937
BMD 1
BND 1.347372
BOB 6.966716
BRL 5.8066
BSD 1.008198
BTN 85.007628
BWP 13.679442
BYN 3.299388
BYR 19600
BZD 2.031743
CAD 1.40115
CDF 2865.00001
CHF 0.886796
CLF 0.035848
CLP 989.153355
CNY 7.2386
CNH 7.250155
COP 4485.54
CRC 514.803442
CUC 1
CUP 26.5
CVE 104.500739
CZK 23.960302
DJF 179.528977
DKK 7.067495
DOP 60.720649
DZD 134.172669
EGP 49.290223
ERN 15
ETB 123.045036
EUR 0.94761
FJD 2.27535
FKP 0.788182
GBP 0.78774
GEL 2.73022
GGP 0.788182
GHS 16.275027
GIP 0.788182
GMD 71.000353
GNF 8626.906515
GTQ 7.732614
GYD 209.363849
HKD 7.782585
HNL 25.442281
HRK 7.13329
HTG 132.50221
HUF 386.996975
IDR 15903.429748
ILS 3.75444
IMP 0.788182
INR 84.41005
IQD 1320.093319
IRR 42092.497378
ISK 139.679665
JEP 0.788182
JMD 159.538871
JOD 0.709096
JPY 155.855499
KES 129.000177
KGS 86.2029
KHR 4082.940274
KMF 466.349913
KPW 900.000082
KRW 1405.409479
KWD 0.30779
KYD 0.833937
KZT 496.700918
LAK 22131.335237
LBP 89600.701953
LKR 294.541861
LRD 189.957415
LSL 18.103174
LTL 2.95274
LVL 0.60489
LYD 4.882485
MAD 10.020131
MDL 18.159255
MGA 4702.502532
MKD 58.284107
MMK 2097.999942
MNT 3397.999993
MOP 8.017648
MRU 40.117279
MUR 47.429998
MVR 15.450179
MWK 1747.434509
MXN 20.575145
MYR 4.487941
MZN 63.899993
NAD 18.103174
NGN 1684.120018
NIO 37.087736
NOK 11.14889
NPR 135.978578
NZD 1.705044
OMR 0.385012
PAB 1
PEN 3.819421
PGK 4.022654
PHP 58.845999
PKR 278.051027
PLN 4.117614
PYG 7864.722013
QAR 3.674102
RON 4.718904
RSD 110.930976
RUB 98.496748
RWF 1383.186748
SAR 3.757331
SBD 8.383555
SCR 13.631406
SDG 601.506863
SEK 10.988925
SGD 1.346361
SHP 0.788182
SLE 22.815025
SLL 20969.515392
SOS 575.878195
SRD 35.280301
STD 20697.981008
SVC 8.756103
SYP 2512.529926
SZL 18.108875
THB 35.068502
TJS 10.662352
TMT 3.51
TND 3.147935
TOP 2.38999
TRY 34.34961
TTD 6.800372
TWD 32.596799
TZS 2655.000038
UAH 41.343768
UGX 3672.512403
UYU 42.486895
UZS 12811.433733
VES 44.996696
VND 25396.829083
VUV 118.722046
WST 2.800822
XAF 621.928199
XAG 0.033254
XAU 0.000391
XCD 2.70255
XDR 0.753908
XOF 621.928199
XPF 113.14122
YER 249.774976
ZAR 18.26826
ZMK 9001.200197
ZMW 27.374927
ZWL 321.999592
  • CMSC

    0.0700

    24.61

    +0.28%

  • BCC

    1.4200

    142.55

    +1%

  • SCS

    -0.3000

    13.37

    -2.24%

  • CMSD

    -0.0200

    24.73

    -0.08%

  • RIO

    -0.5800

    60.62

    -0.96%

  • NGG

    -0.7800

    62.12

    -1.26%

  • GSK

    -0.4100

    35.11

    -1.17%

  • JRI

    0.0200

    13.24

    +0.15%

  • AZN

    0.1000

    65.29

    +0.15%

  • RBGPF

    59.2500

    59.25

    +100%

  • BTI

    0.1800

    35.42

    +0.51%

  • BCE

    -0.4800

    27.21

    -1.76%

  • RYCEF

    -0.0400

    7.07

    -0.57%

  • RELX

    -0.4700

    46.12

    -1.02%

  • BP

    0.4100

    28.57

    +1.44%

  • VOD

    0.2800

    8.75

    +3.2%

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