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UNCTAD established & UNCTAD-I Geneva
The United Nations Conference on Trade and Development (UNCTAD) was established as a subsidiary organ of the United Nations General Assembly to promote the integration of developing countries into the world economy in order to accelerate their development. At the first conference, UNCTAD-I, in Geneva in 1964, the developing countries established the Group of 77 to voice their concerns (today, the G77 has 131 members). At the time, many developing countries were only recently independent from colonial rule, and made historic challenges to developed countries demanding economic and political independence.
