The China Mail - G77+China summit in Cuba calls for new global order

USD -
AED 3.672497
AFN 66.272138
ALL 83.49892
AMD 382.462203
ANG 1.789982
AOA 917.000288
ARS 1416.932599
AUD 1.53055
AWG 1.805
AZN 1.696305
BAM 1.689676
BBD 2.011145
BDT 121.87473
BGN 1.691806
BHD 0.377017
BIF 2940.647948
BMD 1
BND 1.300389
BOB 6.909719
BRL 5.313502
BSD 0.998531
BTN 88.502808
BWP 13.406479
BYN 3.40311
BYR 19600
BZD 2.008207
CAD 1.40157
CDF 2149.999813
CHF 0.805835
CLF 0.024022
CLP 942.419911
CNY 7.11935
CNH 7.12234
COP 3781.99
CRC 501.339093
CUC 1
CUP 26.5
CVE 95.261339
CZK 21.00025
DJF 177.814255
DKK 6.45682
DOP 64.155508
DZD 130.492957
EGP 47.291497
ERN 15
ETB 154.143499
EUR 0.86469
FJD 2.279008
FKP 0.760102
GBP 0.75881
GEL 2.705066
GGP 0.760102
GHS 10.919222
GIP 0.760102
GMD 73.000146
GNF 8667.818575
GTQ 7.651836
GYD 208.907127
HKD 7.773355
HNL 26.25486
HRK 6.516102
HTG 132.907127
HUF 331.353048
IDR 16697
ILS 3.23139
IMP 0.760102
INR 88.70755
IQD 1308.077754
IRR 42099.999826
ISK 126.419967
JEP 0.760102
JMD 160.267819
JOD 0.709013
JPY 154.140507
KES 129.149901
KGS 87.449977
KHR 4019.006479
KMF 421.000313
KPW 900.001961
KRW 1455.444968
KWD 0.307102
KYD 0.832138
KZT 524.198704
LAK 21680.345572
LBP 89418.488121
LKR 304.354212
LRD 182.332613
LSL 17.296674
LTL 2.95274
LVL 0.60489
LYD 5.452268
MAD 9.256069
MDL 17.024622
MGA 4488.12095
MKD 53.252953
MMK 2099.688142
MNT 3580.599313
MOP 7.998963
MRU 39.553348
MUR 45.859659
MVR 15.404973
MWK 1731.490281
MXN 18.383135
MYR 4.159766
MZN 63.950123
NAD 17.296674
NGN 1436.283762
NIO 36.742981
NOK 10.105245
NPR 141.60432
NZD 1.772905
OMR 0.384508
PAB 0.998618
PEN 3.369762
PGK 4.215983
PHP 58.931501
PKR 282.349719
PLN 3.660034
PYG 7065.226782
QAR 3.639309
RON 4.397297
RSD 101.385969
RUB 81.083079
RWF 1450.885529
SAR 3.750366
SBD 8.230592
SCR 13.883651
SDG 600.452639
SEK 9.50598
SGD 1.302885
SHP 0.750259
SLE 23.202165
SLL 20969.499529
SOS 570.62635
SRD 38.598958
STD 20697.981008
STN 21.166307
SVC 8.736933
SYP 11056.839565
SZL 17.302808
THB 32.34202
TJS 9.216415
TMT 3.51
TND 2.95162
TOP 2.342104
TRY 42.230897
TTD 6.768898
TWD 30.992299
TZS 2455.707028
UAH 41.870929
UGX 3494.600432
UYU 39.766739
UZS 12042.332613
VES 228.194033
VND 26300
VUV 122.518583
WST 2.820889
XAF 566.701512
XAG 0.019985
XAU 0.000245
XCD 2.70255
XCG 1.799568
XDR 0.704795
XOF 566.701512
XPF 103.032397
YER 238.497023
ZAR 17.188796
ZMK 9001.20124
ZMW 22.591793
ZWL 321.999592
  • RYCEF

    0.0800

    14.88

    +0.54%

  • SCS

    0.0000

    15.76

    0%

  • BCC

    -0.0900

    70.64

    -0.13%

  • RELX

    -1.1200

    42.27

    -2.65%

  • CMSD

    0.0900

    24.1

    +0.37%

  • RIO

    0.0600

    69.33

    +0.09%

  • CMSC

    0.0700

    23.85

    +0.29%

  • RBGPF

    -0.7800

    75.22

    -1.04%

  • NGG

    1.4600

    77.75

    +1.88%

  • JRI

    -0.0100

    13.74

    -0.07%

  • BCE

    0.0200

    23.19

    +0.09%

  • VOD

    0.2400

    11.58

    +2.07%

  • GSK

    -0.4700

    46.63

    -1.01%

  • AZN

    0.8100

    84.58

    +0.96%

  • BTI

    0.3800

    54.59

    +0.7%

  • BP

    0.7600

    36.58

    +2.08%

G77+China summit in Cuba calls for new global order
G77+China summit in Cuba calls for new global order / Photo: © AFP

G77+China summit in Cuba calls for new global order

The G77+China, a group of developing and emerging countries representing 80 percent of the world's population, kicked off a summit in Cuba Friday with a call to "change the rules of the game" of the global order.

Text size:

The meeting comes at a time of growing frustration with the Western-led world order amid widening differences over the Russian war in Ukraine, the fight against climate change, and the global economic system.

"After all this time that the North has organized the world according to its interests, it is now up to the South to change the rules of the game," Cuban President Miguel Diaz-Canel said at the opening of the summit.

Diaz-Canel said that developing countries were the main victims of a "multidimensional crisis" in the world today, from "abusive unequal trade" to global warming.

United Nations chief Antonio Guterres is joining some 30 heads of state and government from Africa, Asia and Latin America at the two-day summit in Havana.

At the opening of the meeting he called for a world that was "more representative and responsive to the needs of developing economies", stressing that these countries were "trapped in a tangle of global crises."

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.

Latin American leaders such as Venezuela's Nicolas Maduro, Colombia's Gustavo Petro, and Argentina's Alberto Fernandez were present at the summit, alongside Palestinian leader Mahmoud Abbas, Angola's Joao Lourenco and Mozambican President Filipe Nyusi.

Brazilian President Luiz Inacio Lula da Silva will arrive on Friday night.

- 'Unjust' international order -

China is represented by top Communist Party official Li Xi, who said his country "will always make South-South" cooperation a priority" in its dealings with the outside world.

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.

Guterres 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."

The G77 meeting comes after key changes in global blocs.

The African Union has joined the G20 group of the world's most powerful economies, and the BRICS -- Brazil, Russia, India, China and South Africa -- trade group for emerging economies has expanded to admit six new members.

- 'A valid interlocutor' -

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, one 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.

J.Thompson--ThChM